Saudi Arabia's sovereign wealth fund swings to $36.8b profit in 2023

Saudi Arabia's sovereign wealth fund swings to $36.8b profit in 2023

Riyadh, Saudi Arabia. Photo by Hala AlGhanim on Unsplash

Saudi Arabia’s sovereign wealth fund PIF swung to a profit of 138.1 billion riyals ($36.81 billion) in 2023, it said on Monday, after posting a loss of $15.6 billion a year earlier.