20250904 Pif Ar24 Public English Interactive Pdf · Page 11

Investing in Innovation, Talent and 
Strategic Relationships
PIF advanced its technology transformation 
in 2024, integrating AI, automation and next-
generation platforms across its operations. Over 
the year, 58 digital projects were completed, 15 
new applications were launched, and more than 
477 processes were automated – enhancing 
speed, precision and intelligence-led decision-
making. PIF became the first institution in the 
GCC to implement an AI-powered valuation 
platform for private market investments, rolled 
out a proprietary large language model for real-
time investment reporting and deployed AI 
tools for asset manager analysis and portfolio 
optimization. As part of its broader technology 
ecosystem, PIF also forged new partnerships 
with global tech leaders including Google, Cisco 
and Snowflake, and provided digital services to 
portfolio companies – transforming how value is 
created across the investment lifecycle.
PIF’s commitment to human capital was equally 
robust. With a workforce of 2,962 employees from 
56 nationalities as of year-end, PIF continued 
to prioritize local talent – 84.5% of employees 
were Saudi nationals – and grew its female 
representation to over 1,000. Initiatives like 
Project Star, a strategic initiative to optimize 
job architecture, competency frameworks, HR 
policies and succession planning, redefined 
organizational agility, while over 1,800 training 
programs equipped teams with world-class 
capabilities. PIF’s Graduate Development 
Program enrolled 160 top Saudi graduates and its 
flagship College Preparation Program prepared 
high school students for admission to leading 
global universities. 
Strategic relationships continued to amplify PIF’s 
global presence. From hosting more than 30 
international events to deepening its presence in 
sports, sustainability and investment platforms, 
PIF strengthened its brand as a global convener 
of ideas and capital. Whether through FII, 
international tennis and motorsport partnerships 
or the milestone Electric 360 initiative, PIF 
demonstrated its commitment to investing for 
impact and long-term leadership.
Driving Sustainability and 
Long-Term Impact
In 2024, PIF advanced its position as a global 
sustainability leader by executing its climate 
strategy, scaling green finance and embedding 
ESG practices across its portfolio. The launch 
of the Corporate Net Zero Strategy marked a 
significant step in supporting decarbonization 
efforts. PIF also became the first sovereign 
wealth fund in the Middle East to host the 7th 
annual One Planet Sovereign Wealth Fund 
(OPSWF) CEO Summit, convening global leaders 
including President Emmanuel Macron and 
former U.S. Secretary of State John Kerry to elevate 
the sustainable finance agenda. With a 96% 
score in the 2024 Global SWF GSR Scoreboard – 
ranking first in the Middle East and tied second 
globally – PIF continued to set the benchmark for 
ESG integration among sovereign investors.
PIF’s impact was evident across its portfolio, with 
over 84% of emissions now covered by active 
decarbonization plans and a 30% reduction 
in greenhouse gas emissions since 2022. The 
launch of the inaugural PIF Sustainability Award 
during the Partners Forum recognized leading 
contributions from ACWA Power and Ma’aden, 
while 94 portfolio companies actively supported 
one or more UN Sustainable Development Goals. 
Strategic investments in renewable energy, green 
hydrogen, reverse logistics and electric mob