Saudi wealth fund makes $36.8B profit, outshining Iran's oil revenues

Model of petrol pump is seen in front of US and Iran flag colors in this illustration taken March 25, 2022.
Model of petrol pump is seen in front of US and Iran flag colors in this illustration taken March 25, 2022.

Saudi Arabia's Public Investment Fund (PIF) reported a profit of 138.1 billion riyals ($36.81 billion) for 2023, a significant turnaround from the $15.6 billion loss it posted a year earlier.