| If Saudi Arabia’s plans to partially list Aramco and raise $2 trillion from the public market fructify, it will also result in transformation of the Public Investment Fund (PIF) into a giant sovereign wealth fund, potentially reducing the role of Saudi Arabia Monetary Agency (SAMA) in managing public funds.
According to the International Monetary Fund (IMF) the PIF had assets of about 310 billion Saudi riyals (Dh303 billion) or 11.1 per cent of GDP in 2014 with foreign assets of 13.9 billion riyals as of the third quarter of 2015. It has outstanding loans of SAR101 billion as of the third quarter 2015...............................................Full Article: Source
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