Al-Humaid: The assets under the management of the Investment Fund exceed 1.1 trillion riyals
Yazid Al-Hamid, Deputy Governor of the Public Investment Fund, revealed that The assetsunder the Fund’s management amount to 1.1 trillion riyals, within the framework of a comprehensive strategy that confirms the Fund’s position as a global financial player.
Al-Humaid said in his speech at the Future Investment Initiative (FII9) conference: "Our investment worth 75 billion riyals in a fund "Black Rock" Infrastructure in the Middle East."noting the launch of 3 exchange-traded funds in 8 global markets within two years."
Naib Al-Hamid stressed that empowering local competencies and industry is an essential pillar, saying: "We have allocated 3 billion riyals to empower local asset managers, because developing national competencies is the beating heart of any successful financial market. Together, these efforts are what made the Kingdom a global destination For international asset managers".
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