Saudi Arabia’s Council of Economic and Development Affairs (CEDA) oversees the overall performance of the Public Investment Fund, whilst the Board of Directors is responsible for the Fund’s investment policies and strategic decision-making. This includes ensuring that the Fund adheres to governance best practices and achieves the high levels of transparency expected from one of the world’s leading sovereign wealth funds.
The governance framework includes the Board of Directors and the Board committees. The roles and responsibilities of the Board are classified according to five main themes: strategy and planning; governance and oversight; regulation, recruitment and remuneration; reporting and monitoring; and investment. The key tasks of these committees are as follows:
The Public Investment Fund has put in place standardized procedures and guidelines to govern investment decisions, focused on building a diversified portfolio which achieves attractive, risk-adjusted returns over the long-term.
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