PIF: Saudi ambition to be the largest sovereign fund in 2030

The firm behind the buyer of 9.9% of Telefónica aims to reach 1.7 trillion assets under management by the end of this decade. 23% of investments are abroad.

Saudi Telecom Company’s (STC) investment of around 2.1 billion euros to take 9.9% of Telefónica, directly and through derivatives, represents just 0.3% of the 700 billion assets managed by the Public Investment Fund ( PIF). AND

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