October 23, 2018 / 7:00 AM / 24 days ago

Saudi's PIF targets growth in global assets to 50 pct by 2030 -exec

RIYADH, Oct 23 (Reuters) - The Public Investment Fund, Saudi Arabia’s sovereign wealth fund, has almost 10 percent of its assets held internationally and has a target to raise that to 50 percent by 2030, Yasir al-Rumayyan, who heads the PIF, told an investment conference in Riyadh.

“In 2030 we would like to be 50 percent international and 50 percent domestic,” he said. (Reporting By Andrew Torchia, Stephen Kalin; Writing by Tom Arnold; Editing by Saeed Azhar)

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