PIF receives “Optimized” Performance Excellence Award from The KPI Institute

PIF has received the Performance Excellence Award from The KPI Institute, gaining the highest accreditation of Level 5: Optimized for its Strategy and Performance Management System.

Following a comprehensive assessment, the Global Performance Audit Unit (GPA Unit) of The KPI Institute acknowledged PIF’s exceptional performance in strategic planning, performance measurement, and performance improvement.

The achievement was formally recognized during an award ceremony that took place in Riyadh on June 6, 2024. The event was hosted by Saad Alkroud, PIF Chief of Staff and General Secretary of the Board of Directors.

The accomplishment is a testament to PIF’s promising strategy and robust performance management system, as well as the well-established practices that drive PIF’s success and its position as one of the largest and most impactful sovereign wealth funds. The acknowledgment complements and reinforces the recent recognition of PIF as the single most valuable brand among the world’s sovereign wealth funds.

Adrian Brudan, General Manager of the GPA Unit and Vice President, The KPI Institute, said: “This prestigious recognition highlights PIF’s commitment to excellence in the field of strategy, performance measurement, and performance improvement, complementing and reinforcing the PIF mission to support investment opportunities and drive economic transformation in Saudi Arabia. GPA Unit and The KPI Institute remain committed to unlocking organizational potential and empowering entities through rigorous research, expert insights, and innovative capabilities.”

The GPA Unit conducted the assessments using a methodology that included detailed analysis of more than 300 items, reflecting industry best practices.