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Company Directory - Public Investment Fund

Company Details - Public Investment Fund

Public Investment Fund Logo

Public Investment Fund

Website

Riyadh, Saudi Arabia

The sovereign wealth fund of Saudi Arabia, established to invest in diversified sectors that support the nation’s economic growth and transformation.

CCI Score

CCI Score: Public Investment Fund

-68.89

0.02%

Latest Event

PIF's Rejected $1.5B Bid in PGA Tour Investment Talks

The Public Investment Fund, represented by its governor Yasir Al-Rumayyan, participated in meetings hosted by President Trump aimed at brokering a deal between the PGA Tour and LIV Golf. PIF’s reported $1.5 billion investment bid in PGA Tour Enterprises was ultimately rejected, highlighting the fund’s use of state financial power to influence American sports institutions amid close ties with far‐right political figures.

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Public Investment Fund is currently rated as an Architect.

-60 to -100 CCI Score
Companies in this category are instrumental in designing and executing authoritarian rule. They actively create and implement frameworks that sustain oppressive policies, wielding considerable influence in shaping autocratic systems.

Latest Events

  • PIF's Rejected $1.5B Bid in PGA Tour Investment Talks Logo
    APR
    04
    2025

    The Public Investment Fund, represented by its governor Yasir Al-Rumayyan, participated in meetings hosted by President Trump aimed at brokering a deal between the PGA Tour and LIV Golf. PIF’s reported $1.5 billion investment bid in PGA Tour Enterprises was ultimately rejected, highlighting the fund’s use of state financial power to influence American sports institutions amid close ties with far‐right political figures.

  • PIF Conference Whitewashes Human Rights Abuses Logo
    FEB
    19
    2025

    The Public Investment Fund-sponsored Future Investment Initiative Institute Priority Summit in Miami is criticized for whitewashing Saudi Arabia's human rights abuses. The event serves to obscure the Crown Prince's authoritarian practices and the state’s systemic violations, using soft power and high-profile sponsorship to legitimize a repressive regime.

  • -80

    Public and Political Behavior

    March 24

    The event leverages public platforms to whitewash serious human rights abuses linked to the Saudi regime. By sponsoring a high-profile investment conference, PIF aids in promoting a narrative that disguises systemic repression, aligning with authoritarian political strategies.

    Saudi Arabia: Public Investment Fund Meeting Whitewashes Abuses

  • -70

    Business Practices and Ethical Responsibility

    March 24

    By using its financial clout to sponsor a prestigious event, PIF distracts from its documented involvement in human rights abuses and unethical practices. This event reflects a disturbing lapse in ethical responsibility, undermining corporate accountability.

    Saudi Arabia: Public Investment Fund Meeting Whitewashes Abuses

  • -75

    Economic and Structural Influence

    March 24

    PIF’s use of economic power to enhance the international influence of the Saudi regime constitutes problematic structural influence. The sponsorship not only supports authoritarian agendas but also legitimizes investments linked to state-sponsored abuses, thereby distorting economic structures.

    Saudi Arabia: Public Investment Fund Meeting Whitewashes Abuses

  • Allegations of Human Rights Abuses and Economic Misuse by PIF Logo
    NOV
    21
    2024

    A Human Rights Watch report accuses Saudi Arabia's Public Investment Fund of facilitating and benefiting from human rights abuses, including forced evictions, migrant worker exploitation, and whitewashing authoritarian policies under Crown Prince Mohammed bin Salman.

  • -80

    Public and Political Behavior

    March 24

    The report details how the Public Investment Fund is used to neutralize scrutiny of government abuses and whitewash the authoritarian agenda of Crown Prince Mohammed bin Salman. This misuse of economic power to bolster an autocratic regime severely undermines public trust and political accountability.

    Saudi Arabia: Public Investment Fund 'facilitated and benefited' from human rights abuses, finds Human Rights Watch report

  • -75

    Business Practices and Ethical Responsibility

    March 24

    The report highlights significant ethical breaches in PIF’s business practices, including forced evictions and abuse of migrant workers in association with mega projects. These actions constitute a serious neglect of labor rights and corporate responsibility.

    Saudi Arabia: Public Investment Fund 'facilitated and benefited' from human rights abuses, finds Human Rights Watch report

  • -65

    Economic and Structural Influence

    March 24

    The Public Investment Fund's strategic investment in mega projects like NEOM and the Jeddah Central Project, which have been tied to egregious human rights violations, illustrates the misuse of economic power to support authoritarian regimes and obscure broader governmental abuses.

    Saudi Arabia: Public Investment Fund 'facilitated and benefited' from human rights abuses, finds Human Rights Watch report

  • Concerns Mount Over Saudi Arabia's Public Investment Fund Amid Human Rights Abuse Allegations Logo
    NOV
    20
    2024

    A recent HRW report accuses the Public Investment Fund of engaging in corrupt, politically motivated expropriations and discriminatory practices, including the forced displacement of indigenous communities and suppressing dissent through non-disparagement clauses. These practices highlight deep concerns over the fund's complicity with authoritarian measures.

  • -60

    Public and Political Behavior

    March 24

    The fund's deep integration with state power, exemplified by its leadership under Crown Prince Mohammed Bin Salman and the use of non-disparagement clauses to silence criticism, reflects a worrisome alignment with authoritarian practices that undermine transparency and political accountability.

    Concerns Mount Over Saudi Arabia's Public Investment Fund Amid Human Rights Abuse Allegations

  • -70

    Business Practices and Ethical Responsibility

    March 24

    The allegations spotlight the fund’s involvement in corrupt business practices, including the forced expropriation of businesses for political ends and the unethical displacement of indigenous populations, which are symptomatic of a broader lack of commitment to ethical responsibility and human rights.

    Concerns Mount Over Saudi Arabia's Public Investment Fund Amid Human Rights Abuse Allegations

  • -65

    Economic and Structural Influence

    March 24

    Leveraging its enormous assets and strategic economic influence, the Public Investment Fund appears to underpin authoritarian governance by shielding the regime from accountability. Its international contracts and economic dominance serve to further entrench state power and repress dissent.

    Concerns Mount Over Saudi Arabia's Public Investment Fund Amid Human Rights Abuse Allegations

  • Public Investment Fund Linked to Human Rights Abuses and Authoritarian Practices Logo
    NOV
    20
    2024

    A Human Rights Watch report reveals that Saudi Arabia's Public Investment Fund (PIF) has been used as a tool to facilitate and benefit from serious human rights violations, including forced evictions and the suppression of dissent, ultimately bolstering authoritarian control under Crown Prince Mohammed bin Salman.

  • -75

    Public and Political Behavior

    March 24

    The report details how the PIF is leveraged by Crown Prince Mohammed bin Salman to entrench authoritarian rule by misusing its significant economic power. This behavior directly supports measures that undermine democratic norms and fosters a culture of impunity, thereby aligning with the negative attributes observed in Public and Political Behavior.

    Saudi Arabia: Public Investment Fund Linked to Abuses

  • -80

    Business Practices and Ethical Responsibility

    March 24

    The PIF's involvement in unethical business practices, including forced evictions and the suppression of dissent through its support of oppressive state policies, highlights significant breaches in ethical responsibility. These actions compromise labor rights and contribute to systemic human rights abuses.

    Saudi Arabia: Public Investment Fund Linked to Abuses

  • -70

    Economic and Structural Influence

    March 24

    The concentration of vast state wealth in the hands of the PIF, and its deployment to further the authoritarian agenda of the Saudi regime, underscores a problematic use of economic influence. This misuse of structural power enables and perpetuates systemic abuses and undermines accountability.

    Saudi Arabia: Public Investment Fund Linked to Abuses

  • PIF Subsidiary Ties Up with Blacklisted Chinese Surveillance Maker Logo
    FEB
    21
    2024

    A subsidiary of Saudi Arabia’s Public Investment Fund, Alat, has entered a $200 million joint venture with Dahua Technology, a blacklisted Chinese surveillance firm, to manufacture surveillance hardware in Saudi Arabia. This deal raises concerns about the provision of repressive technologies that can bolster authoritarian surveillance practices.

  • Partnership with Chinese Surveillance Maker Logo
    FEB
    20
    2024

    A subsidiary of the Public Investment Fund (PIF) has entered a $200 million joint venture with Chinese surveillance technology firm Dahua Technology to manufacture surveillance hardware in Saudi Arabia. This deal is controversial given Dahua's involvement in repressive technology and its U.S. sanctions over human rights concerns, notably relating to the treatment of the Uighur minority.

  • PIF-Backed Subsidiary Partners with Chinese Surveillance Firm Logo
    FEB
    20
    2024

    A subsidiary of Saudi Arabia’s Public Investment Fund (PIF) has announced a $200 million partnership with Dahua Technology, a major Chinese surveillance equipment maker previously sanctioned by the U.S. This collaboration to manufacture surveillance hardware in Saudi Arabia raises concerns about enabling repressive technologies that can fuel authoritarian practices.

  • -80

    Provision of Repressive Technologies

    March 24

    The partnership with Dahua Technology—a firm known for its surveillance equipment that has been linked to human rights abuses and has faced U.S. sanctions—signals a troubling alignment with repressive technology production. This involvement not only supports technology used for state surveillance and control but also heightens concerns about bolstering authoritarian regimes, directly contributing to a negative impact on civil liberties and human rights.

    Saudi fund-backed firm partners with Chinese surveillance maker - Yahoo

Corporate Financials

Total Assets
2022
$594.41B

Industries

523910
Miscellaneous Intermediation
523999
Miscellaneous Financial Investment Activities
523920
Portfolio Management