Saudi Arabia’s Public Investment Fund (PIF) and global asset manager BlackRock have announced the launch of new mutual funds, expanding their collaboration to further develop the Kingdom’s capital markets. The announcement, made during the Future Investment Initiative (FII9) in Riyadh, introduces new investment vehicles available to both local and international investors through the BlackRock Riyadh Investment Management (BRIM) platform.
Expanding A Strategic Partnership
The new funds build upon the strategic partnership that established BRIM in April 2024, which began with an initial investment mandate from PIF. This collaboration was further solidified in May 2025 with an agreement to launch an index mandate focused on Saudi equities. The latest initiative reinforces both parties’ commitment to enhancing liquidity in Saudi capital markets, driving product innovation, and creating new opportunities for global investors to participate in the region’s growth.
New Funds To Target Regional Equities and Fixed Income
The newly launched BlackRock mutual funds will specifically target Saudi Systematic Active Equities and MENA Fixed Income. These offerings are designed to provide investors with diversified exposure to the region’s public markets. The strategies will be actively managed by BlackRock’s Riyadh-based portfolio managers, demonstrating a firm commitment to building and leveraging local expertise within the Kingdom’s financial sector.
Bolstering Local Talent and Vision 2030
This initiative directly supports the objectives of Saudi Vision 2030 by deepening the domestic capital markets and fostering a more sophisticated asset management industry. In line with this commitment, BlackRock has nearly tripled its personnel in Riyadh since April 2024, adding skilled investment professionals and corporate functions. The firm has also expanded its global graduate analyst program to Riyadh and is preparing to welcome its third cohort in 2026, investing in the next generation of financial talent in Saudi Arabia.
About The Public Investment Fund (PIF)
The Public Investment Fund (PIF) is the investment engine driving the economic transformation of Saudi Arabia and the world. With an ambitious program to deliver Vision 2030, PIF invests in projects, companies, and partners to diversify the Saudi economy, stimulate growth in every major sector, and create new opportunities for investment and employment. Since 2017, PIF has established 103 companies and is driving the transition to a more sustainable economy through strategic investments and partnerships across the Saudi public and private sectors.
Source: Zawya
