Sources of Funding
PIF is required to invest and reinvest available funds in order to achieve its objectives for the benefit of the public welfare, support economic development, and diversify sources of income for Saudi Arabia. Hence, when considering dividends declaration, the Board of Directors shall consider PIF’s mission, vision, and long-term sustainability, in accordance with the Dividends Distribution Policy.
PIF operational spending is set out annually through its annual budget and approved in line with the internal Delegation of Authority. PIF, as an independent entity, generally does not have any visibility on matters relating to the spending requirements of the Government.
PIF funding sources are represented through four main sources.
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Capital Injections from the Government
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Government Assets Transferred to PIF
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Loans and Debt Instruments
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Retained Earnings from Investments
