On behalf of my colleagues, it is my pleasure to welcome visitors to this website, which sheds light on Sanabil Investments and its activities.
Pursuant to the Royal Decree No. (M/39), Sanabil Investments was established in 2009 as a Saudi joint stock company wholly owned by the Public Investment Fund (“PIF”) with the mandate of investing its capital in different asset classes on a commercial basis, subject to diversification of investments to achieve balance, in order to realize the best possible returns on the invested assets, while maintaining such assets and increasing the Company’s balance sheet.
Today, under the leadership of King Salman Bin Abdulaziz Al-Saud, the Custodian of the Two Holy Mosques, and the direct supervision of HRH Prince Mohammed Bin Salman Al-Saud, the Crown Prince and the Deputy Prime Minister and the Chairman of the Council for Economic and Development Affairs, the Kingdom has embarked on a new era of extraordinarily structural change of economic and social development. The PIF Program (2018-2020), one of 13 vision realization programs, aims to grow the assets of PIF, diversity the economy, reach sustainability, and build strategic partnerships with major international investors and organizations.
Accordingly, in order to align with the objectives of these initiatives, Sanabil Investments has been entrusted to play an integral role in the PIF Program (2018-2020) by incorporating a new strategy focusing mainly on investments to fill gaps in the asset portfolio of the Kingdom of Saudi Arabia. Such investment strategy will transform Sanabil into a specialized entity that focuses on Growth strategies, both domestically and internationally, from angel to post-IPO.
The Kingdom of Saudi Arabia, with the help of God Almighty and with the generous guidance of our leadership, is moving towards greater prosperity. I wish for myself and my colleagues in Sanabil Investments all the best to succeed in realizing the dreams and high expectations of our leadership.