Saudi Sovereign and Pension Asset Break $1 Trillion Mark


The author of this short primer, M. Nicolas J. Firzli, is founder & chief executive of the World Pensions conference and chair of the G20 Pensions Roundtable held on the sidelines of the G20 Summit

In the days leading up to the publication of ‘The New Wealth of Nations’ report (9 Sept. 2024), Nic Firzli and the Hon. Nick Sherry, Australia’s first Minister for Superannuation, co-founder of the G20 Pensions Roundtable, will talk to policy makers, trade union leaders and financial journalists across Europe, Asia and the Americas, highlighting and sharing short sneak previews of the report itself

Today (data as of end July published 20 Aug. 2024), the combined investments of the Kingdom of Saudi Arabia’s Public Investment Fund (PIF), the General Organization for Social Insurance (GOSI) and other smaller, non-consolidated pension reserve assets broke the $1 trillion mark for the first time in history, propelling the kingdom in the select pension and SWF “top 7” club alongside Canada, Australia, Singapore and the United States etc. (see simplified data chart below)

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