DUBAI—Saudi Arabia offered a first look inside the performance of its $600 billion sovereign-wealth fund, disclosing a return that was in line with the broader market and revealing that it invested $2 billion in Russian assets before the war in Ukraine.
The Public Investment Fund has hired banks to possibly raise billions of dollars in a debut bond sale, according to a prospectus it shared with potential investors this week. The cash would be invested in renewables and other green projects, PIF said, for the first time shining a light on the finances of the once-secretive fund.
