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Sanabil Investments is an investment company based in Riyadh, Saudi Arabia, that is wholly owned by the Saudi Public Investment Fund (PIF). Established in 2009, it focuses on private investments, including venture capital, growth capital, and small buyouts. According to it's website, Sanabil invests approximately $3 billion annually.[1] It has made dozens of investments in companies, venture capital funds, and private equity funds, including Blackstone, KKR & Co., Andreessen Horowitz, 500 Global, and General Atlantic.[2][3][4][5][6][7] Sanabil has drawn criticism for lack of transparency in its investments, connections to Saudi and US leaders, and links to human rights abuses.[8][9][10][11]

Sanabil Investments Logo in black and gold
Sanabil Investments Logo

As of May 2026, its chairman is Yasir bin Othman Al-Rumayyan, and its CEO is Abdullah Abduljabbar. Its board of directors includes Adib Alzamil, Mansour Almaiman, Abdullah Alabdulgader, Ibrahim Alromaih, and Turki Alnowaiser.[12]

In April of 2023, Saudi Crown Prince Mohammed bin Salman transferred 4 percent of state-owned stock in Saudi Aramco — worth nearly US$80 billion at the time — to Sanabil.[9][13][14][15]

In 2025, Sanabil partnered with Redesign Health to "launch and scale healthcare companies in Saudi Arabia."[16] Later that year, Sanabil led a $100 funding round in SILQ Group, a B2B e-commerce and logistics platform,[17] and a $157 million investment in Hala, a fintech company headquartered in Riyadh.[18]

References

  1. ↑ "SANABIL". https://www.sanabil.com/en/our-team#directories. 
  2. ↑ "Saudi Aramco’s 4% stakes transferred to PIF’s Sanabil Investments" (in en). 2023-04-16. https://arab.news/rfch2. 
  3. ↑ Gordon, Nicholas. "Saudi Arabia discloses investment in dozens of VCs" (in en). https://fortune.com/2023/04/04/saudi-arabia-pif-reveals-investments-vc-firms-andreessen-horowitz-tech-sector-embraces-country-money/. 
  4. ↑ Martin, Matthew (April 4, 2023). "Saudi Wealth Fund Details Ties to Global Venture, Buyout Firms". https://www.bloomberg.com/news/articles/2023-04-04/saudi-wealth-fund-details-ties-to-global-venture-buyout-firms. 
  5. ↑ "Saudi Arabia’s PIF discloses investments in dozens of buyout firms" (in en-GB). https://www.ft.com/content/ae208881-721e-4755-b10e-2a9fa54ecc37?syn-25a6b1a6=1. 
  6. ↑ "Saudi Arabia Discloses Ties to Andreessen Horowitz, Dozens of Other Venture Funds" (in en). 2023-04-03. https://www.theinformation.com/articles/saudi-arabia-discloses-ties-to-andreessen-horowitz-dozens-of-other-venture-funds. 
  7. ↑ "Saudi wealth fund PIF discloses ties to global venture capital, private equity firms" (in en). 2023-04-04. https://english.alarabiya.net/business/banking-and-finance/2023/04/04/Saudi-wealth-fund-PIF-discloses-ties-to-global-venture-capital-private-equity-firms. 
  8. ↑ Guyer, Jonathan (2023-05-01). "How Saudi money returned to Silicon Valley" (in en-US). https://www.vox.com/technology/2023/5/1/23702451/silicon-valley-saudi-money-khashoggi. 
  9. ↑ 9.0 9.1 Shea, Joey (2024-11-20). "The Man Who Bought The World" (in en). Human Rights Watch. https://www.hrw.org/report/2024/11/20/man-who-bought-world/rights-abuses-linked-saudi-arabias-public-investment-fund. 
  10. ↑ Mathews, Jessica. "Silicon Valley and Saudi Arabia are still closely intertwined despite age-old controversy" (in en). https://fortune.com/2023/04/04/silicon-valley-saudi-arabia-controversy/. 
  11. ↑ Brown, Eliot; Jones, Rory (2023-09-07). "The Middle East Becomes the World’s ATM" (in en-US). Wall Street Journal. ISSN 0099-9660. https://www.wsj.com/world/middle-east/the-middle-east-becomes-the-worlds-atm-b172f8f8. 
  12. ↑ "SANABIL". https://www.sanabil.com/en/our-team#directories. 
  13. ↑ Malsin, Jared; Said, Summer (2023-04-16). "Saudi Arabia Transfers Nearly $78 Billion of Aramco Shares to Wealth Fund" (in en-US). Wall Street Journal. ISSN 0099-9660. https://www.wsj.com/finance/saudi-arabia-transfers-aramco-shares-worth-nearly-78-billion-to-wealth-fund-f3a83574. 
  14. ↑ Martin, Iain. "While U.S. VCs Accept Billions From Saudi Arabia, It's Only Publicly Backed One European Firm" (in en). Forbes. https://www.forbes.com/sites/iainmartin/2023/10/16/while-us-vcs-accept-billions-from-saudi-arabia-its-only-publicly-backed-one-european-firm/. 
  15. ↑ "Saudi Aramco’s 4% stakes transferred to PIF’s Sanabil Investments" (in en). 2023-04-16. https://arab.news/rfch2. 
  16. ↑ Landi, Heather (2025-01-23). "Redesign expands to Saudi Arabia, backed by Sanabil Investments" (in en). https://www.fiercehealthcare.com/health-tech/redesign-health-partners-sanabil-investments-launch-healthcare-venture-studio-saudi. 
  17. ↑ El Chmouri, Omar (April 8, 2025). "Peter Thiel's Valar, Saudi Arabia's Sanabil Back Commerce Firm". https://www.bloomberg.com/news/articles/2025-04-09/peter-thiel-s-valar-saudi-arabia-s-sanabil-back-b2b-commerce-firm-silq. 
  18. ↑ Martin, Matthew (April 27, 2025). "PIF's Sanabil Backs Mideast Tech Startup Planning for Saudi IPO". https://www.bloomberg.com/news/articles/2025-09-15/tpg-sanabil-lead-157-million-fundraise-for-saudi-fintech-hala. 
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