PIF Reported a 152% Profit Rise. The Same Accounts Show a SAR64.7bn Comprehensive Loss.
PIF's 2025 results produced two true numbers that point in opposite directions: net profit up 152% to SAR65.2bn, and total comprehensive income attributable to the owner of minus SAR64.7bn. The gap is an IFRS 9 accounting boundary, and almost no coverage mentioned it.
Saudi Vision 2030 goals, pillars, programmes, and status brief
Analyst brief on Saudi Vision 2030 goals, pillars, programmes, KPI status, strengths, weaknesses, and what to verify next.
The 2026 Budget: How Saudi Arabia Quietly Abandoned Its Own Megaprojects
The December 2025 budget document contains no specific references to NEOM or New Murabba. The deficit is $44 billion — by design. Aramco cut its dividend by one-third. PIF's cash reserves hit their lowest since 2020. The budget that tells the truth the renderings concealed.
Vision 2030 at Ten: The Most Expensive Reality Check in History
A decade after MBS unveiled Vision 2030, what actually worked? NEOM scaled back, non-oil GDP rising, PIF at $930B. The honest progress report.
Saudi Arabia GDP Per Capita
Comprehensive analysis of Saudi Arabia's GDP per capita trends, purchasing power parity adjustments, and how Vision 2030 diversification is reshaping per-capita income distribution across the Kingdom.
Saudi Arabia Sector Intelligence
Sector-by-sector analysis of Saudi Arabia's economy under Vision 2030, covering 16 industries driving diversification.
Vision 2030 Fast Facts: Saudi Arabia at a Glance
Quick reference for Saudi Vision 2030 key statistics including GDP, population demographics, PIF assets, employment figures, home ownership rates, credit ratings, and progress against major transformation targets.