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Meaning / Definition of

Public Investment Fund

Categories: Mutual Funds,

A fund established in 1971 by the government of Saudi Arabia to facilitate the growth and development of its economy through investments in joint-stock ventures within its domestic economy. A separate sovereign wealth fund was established within the PIF with the objective of investing for long term gains in equities, bonds, commodities and foreign currencies.

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Homeowners Policy Special Form 3 (HO 3)

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