Saudi PIF Commits to Global Investments Despite Iran War (1)

The top official at Saudi Arabia’s wealth fund said it remains committed to investments around the world despite growing concerns over the mounting economic costs of the war.

“The Saudi macroeconomic and physical position remains strong, stable and resilient,” said Yasir Al Rumayyan, governor of the $1 trillion Public Investment Fund. “We measure our returns not in quarters but in decades, and PIF remains committed to its investments around the world.”

Al Rumayyan was speaking at the Future Investment Initiative event in Miami, against the backdrop of a regional war that’s now in its fourth week. Over the ...