PGA Tour & PIF merger could set up golf 'for decades to come' - Rahm
Jon Rahm says a merger between the PGA Tour and Saudi Arabia's Public Investment Fund (PIF) should not be rushed as it has the..
BBC News
Public Investment Fund
Sovereign wealth fund of Saudi Arabia
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.
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