As of June 2024, PIF had allocated $1.7 billion in green financing for the Red Sea and AMAALA projects, ensuring investments meet third-party verified LEED or Mostadam green building certifications. In September 2024, PIF issued a $500 million tap of its Green Bond due 2032 to expand financing for sustainable projects. In July 2025, PIF’s Badeel, ACWA Power, and Aramco’s SAPCO signed $8.3 billion in power purchase agreements with the Saudi Power Procurement Company to develop five solar and two wind plants in Saudi Arabia with a total capacity of 15,000 MW. Al-Rumayyan has been the governor of the authority since 2019.