Public investment fund
Dec 6th 2019, 7:30 pm
#1
Just Joined
Thread Starter
Joined: Jul 2008
Posts: 14
Public investment fund
Expecting a job offer from the Saudi sovereign wealth fund PIF, does anyone here has any experience of working with them, any insight will be helpful. Also, is it reasonable to expect current uk salary to be paid in full I.e. keeping tax saving benefit and housing and schooling on top. Would appreciate some steer.
Laso we have heard Riyadh is modernising now so is it advisable to live outside compounds? Many thanks
Laso we have heard Riyadh is modernising now so is it advisable to live outside compounds? Many thanks
Dec 7th 2019, 2:41 am
#2
Just Joined
Joined: Jun 2017
Posts: 22
Re: Public investment fund
I haven’t worked for them directly but they are known to pay good bucks. They were recently hiring for Amaala project not sure if you’re hired for this project or direct work for them. Your salary is all about current vs saudi offer. So unless you share numbers it’s hard to give any opinion. Riyadh is liveable both on & off compound.
Dec 7th 2019, 6:52 am
#3
Just Joined
Thread Starter
Joined: Jul 2008
Posts: 14
Re: Public investment fund
I haven’t worked for them directly but they are known to pay good bucks. They were recently hiring for Amaala project not sure if you’re hired for this project or direct work for them. Your salary is all about current vs saudi offer. So unless you share numbers it’s hard to give any opinion. Riyadh is liveable both on & off compound.
Dec 8th 2019, 10:05 am
#4
Just Joined
Thread Starter
Joined: Jul 2008
Posts: 14
Re: Public investment fund
Uk salary is £170k before tax if that helps in advising of an equivalent number to expect in Riyadh.
how much differential would there be for a 3 bed villa in a compound vs off compound.
appreciate all the help
how much differential would there be for a 3 bed villa in a compound vs off compound.
appreciate all the help
Dec 8th 2019, 1:04 pm
#5
Lost in BE Cyberspace
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Re: Public investment fund
What is your job title in London? MD?
Dec 8th 2019, 2:22 pm
#6
Just Joined
Thread Starter
Joined: Jul 2008
Posts: 14
Re: Public investment fund
Thanks Millhouse, that’s an interesting observation about exchange rate I need to factor that in my calcs. I am not a MD here though next level will be an MD, at least 3-5 yr down the line. Though with brexit and banking decline / cost cuts I am not banking in it.
I am still waiting for offer details, so will look at overall package before deciding.
my wife will have to give up her job too as Riyadh May not have many jobs for women economists.
I am still waiting for offer details, so will look at overall package before deciding.
my wife will have to give up her job too as Riyadh May not have many jobs for women economists.
Dec 8th 2019, 3:24 pm
#7
Lost in BE Cyberspace
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Re: Public investment fund
Well the good news is that the cost of living is low... mostly as there is not much to do.
I’m no expert in KSA salaries.
If you’re going to forgo your 170k salary and the wife’s (I’ll guess 90k) salary, then you need to think hard.
Remember in Saudi there isn’t much job security and your CV gets burnt by being there. The longer you stay, the more burnt it becomes.
I’ve recently seen 70k+ salaries in Abu Dhabi for 10 years experience at a similar institution.
I’m no expert in KSA salaries.
If you’re going to forgo your 170k salary and the wife’s (I’ll guess 90k) salary, then you need to think hard.
Remember in Saudi there isn’t much job security and your CV gets burnt by being there. The longer you stay, the more burnt it becomes.
I’ve recently seen 70k+ salaries in Abu Dhabi for 10 years experience at a similar institution.
Dec 23rd 2019, 7:25 am
#9
Lost in BE Cyberspace
Joined: Aug 2009
Location: Disneyland, Dubai
Posts: 15,887
Feb 16th 2020, 10:55 am
#10
BE Enthusiast
Joined: Apr 2019
Location: Riyadh
Posts: 317
Re: Public investment fund
Thanks Millhouse, that’s an interesting observation about exchange rate I need to factor that in my calcs. I am not a MD here though next level will be an MD, at least 3-5 yr down the line. Though with brexit and banking decline / cost cuts I am not banking in it.
I am still waiting for offer details, so will look at overall package before deciding.
my wife will have to give up her job too as Riyadh May not have many jobs for women economists.
I am still waiting for offer details, so will look at overall package before deciding.
my wife will have to give up her job too as Riyadh May not have many jobs for women economists.
Good Luck with the offer.
Apr 26th 2020, 4:05 pm
#11
Just Joined
Joined: Apr 2020
Posts: 7
Re: Public investment fund
Expecting a job offer from the Saudi sovereign wealth fund PIF, does anyone here has any experience of working with them, any insight will be helpful. Also, is it reasonable to expect current uk salary to be paid in full I.e. keeping tax saving benefit and housing and schooling on top. Would appreciate some steer.
Laso we have heard Riyadh is modernising now so is it advisable to live outside compounds? Many thanks
Laso we have heard Riyadh is modernising now so is it advisable to live outside compounds? Many thanks
Thanks
Apr 26th 2020, 6:29 pm
#12
Just Joined
Thread Starter
Joined: Jul 2008
Posts: 14
Jun 28th 2020, 8:38 pm
#13
Just Joined
Joined: Jun 2020
Posts: 2
Re: Public investment fund
Hi wonderer, I’ve recently found myself in a similar situation to you. Do you mind sharing your package details? I am single and would be moving on my own, but, the stats I have seen are all over the place on the package from PIF. Happy to share some discussions I’ve had thus far as well.
Last edited by Travel1234; Jun 28th 2020 at 8:40 pm.