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🇸🇦 Saudi Arabia /Economy & Trade

Al-Rumayyan: PIF’s strong governance boosts capital attraction

From Saudi Gazette · () English

Summarized by DistantNews. Read the original for the full story.

At a glance

News Named sources Context piece
  • Public Investment Fund Governor Yasir Al-Rumayyan reaffirmed the fund’s commitment to good governance at a forum for board members of the PIF and its portfolio companies.
  • He said strong governance supports the fund’s ambition to attract capital and improve the sustainability and investment appeal of its companies.
  • Al-Rumayyan identified the PIF’s partnerships, data insights and governance capacity as advantages that could further empower its companies.

Public Investment Fund Governor Yasir Al-Rumayyan said the fund’s strong governance helps attract capital and makes its companies more sustainable and appealing to investors.

Al-Rumayyan made the remarks while opening the PIF Board Members Forum in Riyadh, attended by leaders from the fund and its portfolio companies. The forum is intended to strengthen cooperation and examine best practices in governance.

The strong governance that the PIF enjoys supports its ambition to attract capital and enhance the sustainability and investment appeal of its companies. There are three advantages that can contribute to empowering the Fund’s companies if used more systematically: the strength of the PIF’s partnerships, the insights provided by its data, and the governance capacity it has built.

· Yasir Al-RumayyanThe PIF governor described governance and three institutional advantages that could strengthen the fund’s companies.

He highlighted three advantages that could empower the fund’s companies if used more systematically: the strength of the PIF’s partnerships, the insights generated by its data and the governance capacity it has built.

“Our commitment to good governance is demonstrated through the Governance Center and its role in supporting institutional capabilities,” Al-Rumayyan said. He also reaffirmed the PIF’s commitment to governance through the center and its work to strengthen institutional capabilities.

Our commitment to good governance is demonstrated through the Governance Center and its role in supporting institutional capabilities.

· Yasir Al-RumayyanAl-Rumayyan explained the role of the PIF Governance Center.
About this summary

Originally published by Saudi Gazette. Summarized and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.

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