Saudi Arabia’s PIF secures $51 billion in agreements at FII, advancing local and global capital markets through PIF global partnerships

Saudi Arabia’s Public Investment Fund (PIF) is reinforcing its position in global finance with new agreements aimed at driving growth in asset management and enhancing international financial cooperation. At the Future Investment Initiative (FII), PIF signed multiple memorandums of understanding (MoUs) with leading international institutions, showcasing its dedication to advancing PIF global partnerships and strengthening Saudi Arabia’s capital market ecosystem.

A highlight of the event was PIF’s Asset Management Forum, which gathered over 300 industry experts, government officials, and top fund managers to discuss critical topics, including AI in portfolio management, the evolution of Saudi capital markets, and fostering emerging local asset managers. Through a strategic MoU with the FII Institute, PIF aims to make this forum a recurring feature at future FII events, showcasing Saudi Arabia’s asset management sector on a global stage.

At the forum, Abdulmajeed Al-Hagbani, head of securities investments at PIF, underscored the fund’s commitment to creating dynamic and innovative capital markets, stating, “Strong and dynamic capital markets are an integral part of financing Saudi Arabia’s ambitious economic growth plans.”

In a landmark development, PIF secured agreements with Japanese financial giants valued at up to $51 billion. Among these partners are leading institutions like Mizuho Bank, Sumitomo Mitsui Financial Group, MUFG Bank, Japan Bank for International Cooperation, and Nippon Export and Investment Insurance. These deals are set to encourage two-way capital flows, fostering debt and equity investments that align with PIF’s strategy to promote global financial connectivity and sustainable development.

The Asset Management Forum also celebrated the inaugural class from PIF’s Portfolio Management Development Program, which aims to enhance the skill set of local talent to meet the demands of Saudi Arabia’s growing financial sector.

With these new partnerships, PIF continues to make significant strides in positioning itself as a leader in asset management, opening doors for mutual growth opportunities that benefit both Saudi Arabia and its global investment partners.