Fu, ServannaAlsulami, Rehab2023-12-122023-12-122023-12-04https://hdl.handle.net/20.500.14154/70171The Saudi Public Investment Fund (PIF) is one of the leading Sovereign Wealth Fund (SWF) worldwide. It is indeed, ranked as one of the top 10. Recently, it has expanded its investment locally “the Saudi market” and globally. Not many studies have given attention to the impact of the Saudi “PIF” investments especially during the era of COVID-19. Purpose: This paper investigates the impact of PIF investments on the financial performance of 122 listed firms in “the Saudi Stock Market” and evaluates their financial performance before, during, and after COVID-19. Methods: Based on a panel dataset including 122 firms listed in the Saudi Stock Market 25 firms were invested by PIF. The information of all variables extracted from the EIKON database or collocated manually for the period from 2018 to 2022. This paper applies a quantitative method by using OLS regressions. Main Findings: PIF investments have a negative impact on the return on assets. Leverage has a negative effect on financial performance while current ratio and firm size have a positive effect. Firm age seems to have no effect in general but in some periods, it has a negative effect on financial performance.57enPIFSaudi ArabiaFinancial performanceCOVID-19Thesis