DUBAI (Reuters) - Saudi finance minister Mohammed al-Jadaan said on Tuesday the policy of the country’s sovereign fund, Public Investment Fund (PIF), is based on medium to long-term investments, and it did not contribute revenues to 2018 and 2019 budgets.
PIF, which is chaired by Crown Prince Mohammed bin Salman, manages over $250 billion in assets including stakes in Uber Technologies [UBER.UL].
Reporting by Marwa Rashad and Stephen Kalin; Editing by Saeed Azhar
