Riyadh – Sharikat Mubasher: PIF and Goldman Sachs Asset Management signed a non-binding MoU, with PIF acting as a strategic anchor investor for new private credit and public equity funds focused on Saudi Arabia and the wider GCC.
According to a recent press release, the funds will target global investors, with a significant portion allocated to Saudi investments. The move aims to boost the local asset management sector and attract international players to the Kingdom.
Yazeed Al-Humied, Deputy Governor and Head of MENA Investments at PIF said the partnership reflects PIF’s strategy to bring global expertise to Saudi Arabia while strengthening local markets.
Marc Nachmann, Global Head of Asset and Wealth Management at Goldman Sachs, said the firm is proud to support the Kingdom’s transformation and sees strong potential for investors in the region.
The private credit fund will focus on loans and debt for GCC-based companies, while the public equity fund will invest in listed firms with links to Saudi Arabia. The collaboration also promotes knowledge-sharing to advance the Kingdom’s financial ecosystem.
Goldman Sachs, which recently opened a new office in Riyadh, plans to further expand its local presence as part of the deal. The MoU remains subject to regulatory approvals.
