The Public Investment Fund (PIF) and Goldman Sachs Asset Management signed a non-binding memorandum of understanding (MoU) in Riyadh on Monday, positioning PIF as an anchor investor for new private and public funds in Saudi Arabia and the GCC.
🔹 Strengthening Saudi’s Investment Landscape
An anchor investor provides early backing to businesses or assets before they go public, helping establish their market presence. This partnership aims to attract international equity capital, with a significant portion allocated for Saudi investments, leveraging PIF’s institutional strength and Goldman Sachs’ expertise.
Yazeed Al-Humied, PIF’s deputy governor for MENA investments, emphasized that asset management is key to Saudi Arabia’s economic diversification and capital market development. He described the partnership as a step toward attracting global capital and expertise while enhancing local knowledge and capacity-building.
🔹 Private and Public Market Strategies
The collaboration will focus on private credit, offering senior and junior loans to companies across the GCC region. Meanwhile, public equity strategies will target listed companies associated with Saudi Arabia.
Goldman Sachs, which opened a new office in Riyadh in October, sees this as an opportunity to expand its presence in the region. Marc Nachmann, the firm’s global head of asset and wealth management, said the goal is to help investors tap into the economic transformation of Saudi Arabia and the GCC.
The PIF continues to support Vision 2030, having established 103 companies since 2017 to create new investment opportunities in the Kingdom.