Saudi Arabia’s PIF’s investments in SoftBank Vision Fund, other tech bets lead to $15.6Bn loss in 2022
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), recorded a comprehensive loss of $15.6 billion in 2022. According to media reports, this massive loss was primarily driven by the downturn in the market, as well as the plummeting value of its investments in Japan’s SoftBank Vision Fund. The PIF, chaired by Crown Prince … [Read more…]