Public Investment Fund
Abu Dhabis Mubadala Overtakes Saudis PIF As Worlds Top Sovereign Fund Investor With Over $29bn In 2024
Middle East Business News - Published date: .
Since 2023, Mubadala's investments jumped 67% while PIF's dropped 37% Read more
Saudi Arabias PIF Sells 2% Stake In Stc For Over $1bn
Middle East Business News - Published date: .
PIF maintains ownership of 3.1 billion shares, equivalent to 62 percent of stc's issued share capital, following the tr... Read more
PIF-backed Roshn In Talks With Banks To Raise $667mn In Early 2025: Report
Middle East Business News - Published date: .
In the shorter term, the Saudi developer expects to raise SAR 18 billion in total from local banks by the end of 2024 Read more
Saudi Arabias PIF Pivots To Domestic Focus, Eyes AI Revolution, Says Al-Rumayyan
Middle East Business News - Published date: .
The fund is reportedly in early discussions about a potential AI partnership worth up to $40 billion with venture capit... Read more
LIV Golf To Offer One Season-long Card Through Promotions Event In Riyadh
Sports and Eneterainment - Published date: .
The winner of the tournament gets into the 54-man roster of the PIF-backed League in 2025; Top-10 get exemption to Inte... Read more
PIF Signs Agreement To Become Womens Tennis Rankings Naming Partner
Sports and Eneterainment - Published date: .
This follows the recent announcement that the season-ending WTA Finals will be hosted in Riyadh for the next three year... Read more
Saudi Sovereign Fund Said To Hire Ex-Morgan Stanley Risk Officer
Middle East Business News - Published date: .
PIF received an injection of $40bn from the kingdom's reserves in March and April as it sought investment opportunities ... Read more
Saudi's PIF Ditches Blue-chip Stocks, Adds ETFs
Middle East Business News - Published date: .
Kingdom transferred about $40bn to the PIF from its central bank in March and April to boost its financial fire power Read more
Saudi Wealth Fund Is Said To Repay $10bn Bridge Loan
Middle East Business News - Published date: .
Loan taken last year ahead of $70bn sale of stake in Saudi Basic Industries Corp Read more
Premier League Chief Opens Up On Saudi-funded Failed Newcastle Bid
Middle East Business News - Published date: .
PCP Capital Partners' largely Saudi-funded $445 million bid to buy the Premier League club collapsed recently Read more
JPMorgan Sees Virus Fallout Stoking Middle East Deals Into 2021
Middle East Business News - Published date: .
The first six months saw $72 billion of bond issuance from the region, the busiest start yet Read more
Saudi-backed Consortium Abandons Bid To Buy Newcastle United
Middle East Business News - Published date: .
Deal had been agreed to buy the club for $390m from current owner Mike Ashley in April Read more
Saudi Arabia Explores Income Tax, Privatisation To Boost Finances
Middle East Business News - Published date: .
'Saudi Arabia is not in austerity and we are not getting into an austerity phase,' said Finance Minister Mohammed Al Jad... Read more
Middle East Wealth Funds Plan More European Bargain Hunting, Says Invesco
Middle East Business News - Published date: .
Over the next 12 months, about 43% of sovereign funds in the region will buy equities with lower valuations Read more
What Saudi Arabia's Big Bank Merger Says About The Kingdom's Economy
Middle East Business News - Published date: .
The $15.6bn deal to combine National Commercial Bank and Samba would create a banking giant in terms of loans with almo... Read more
Shares Of Saudi Samba Surge After $15.6 Billion Takeover Bid
Middle East Business News - Published date: .
The kingdom has been taking steps to shore up its banking sector from the coronavirus shock and lower oil prices Read more
Middle East Inks $25bn Of Deals Defying Covid-19 Gloom
Middle East Business News - Published date: .
Sovereign wealth funds including Saudi Arabia's Public Investment Fund are deploying billions of dollars to buy stakes i... Read more
Saudi Arabian Mining Unit Signs $4.1bn Finance Deal
Middle East Business News - Published date: .
Maaden Waad Al Shamal Phosphate Co will refinance $2.3 billion owed to a syndicate of commercial banks and financial ins... Read more
Saudi Wealth Fund Said To Take Stakes In European Oil Majors
Middle East Business News - Published date: .
Stakes in Equinor, Royal Dutch Shell, Total and Eni were bought by the Public Investment Fund on the open market in rece... Read more
Saudi Fund's Bargain Buy Of Carnival May Turn Out To Be Pricey
Middle East Business News - Published date: .
Saudi Arabia's $320 billion sovereign wealth fund has made a series of bold investments in recent years Read more