ISSN: 2222-6990
Open access
The Public Investment Fund (PIF) changed its strategy to align with the 2030 Vision of Saudi Arabia. Therefore, this study was conducted to investigate the impact of PIF investment on the performance of the target companies. At the end of the study, the reader is provided with an overview to characterize the impact of PIF on businesses against the global backdrop. Furthermore, a quantitative research design was used to examine the relationship between the PIF investments and the impact on performance for the target firms listed on Tadawul. This research conducted three multiple regression models to measure the relation between the performance of the investee firms and the PIF investments. The results show that the PIF investments positively affect target firms but do not significantly affect firm performance in the long run. Furthermore, the study found that the transparency of the PIF is very low; it does not disclose its strategy or its future investments.
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In-Text Citation: (Othman & Albuainain, 2022)
To Cite this Article: Othman, J., & Albuainain, S. F. (2022). The Impact of Public Investment Fund on the Financial Performance of Listed Firms on Tadawul: Empirical Evidence from the Saudi Arabia Market. International Journal of Academic Research in Business and Social Sciences, 12(4), 120–140.
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