The Public Investment Fund is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$925 billion. It was created in 1971 for the purpose of investing funds on behalf of the Government of Saudi Arabia. The wealth fund is controlled by Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler since 2015.

Mohammed bin Salman Al Saud is the de facto ruler of Saudi Arabia. The heir apparent to the Saudi Arabian throne, he is currently Crown Prince and Prime Minister. He is the seventh son of King Salman of Saudi Arabia and grandson of the nation's founder, King Abdulaziz.