The new funds will target Saudi systematic active equities and MENA fixed income, and will be available to both local and global investors
PIF and Aramco will combine their artificial intelligence (AI) programmes and work jointly through HUMAIN
Muhammad Ovais Yousuf has spoken to Gulf Business in an interview just a day after Riyadh Air announced its inaugural test flight to London
For PIF, Saudi Arabia’s $1tn wealth fund, the investment is a massive opportunity to push ahead with efforts to become a global hub for games and sports
The acquisition underscores PIF’s continued focus on the media sector as part of its strategy to accelerate Saudi Arabia’s economic diversification
According to its recently released 2024 annual report, the fund delivered an average total portfolio return of 7.2 per cent annually since 2017
PIF was the only SWF to appear in the top 10 rankings for brand value to assets under management (AuM) ratio
Globally, the top sovereign investor remains Norway’s Norges Bank Investment Management (NBIM), managing $1.76tn in assets
The new entity aims to serve as a national provider of comprehensive business services, streamlining operations and enabling efficiency
PIF holds a long-term issuer rating of Aa3 with a stable outlook from Moody’s, and an A+ rating, also with a stable outlook, from Fitch
The masterplan for Expo 2030 Riyadh spans 6 million square meters, making it one of the largest World Expo sites
HUMAIN will develop one of the world’s most powerful multimodal Arabic large language models (LLMs) and provide localised, regional, and global AI capabilities
As of the end of 2024, 85 per cent of the 1,502 active initiatives under Vision 2030 are either completed or on track, with 674 completed and 596 progressing as planned
Bloomberg News reported that executives at the PIF have been told to stop handing out consulting projects to PwC until February 2026
Riyadh Air is expected to start operations by the end of the year, the CEO said at an FII Institute event in Miami
The Saudi Exchange granted conditional approval on December 8, 2024, for the listing of Umm Al Qura’s shares on Tadawul’s Main Market
The offering was four times oversubscribed with strong demand from a range of global investors
The Shariah-compliant financing structure forms part of PIF’s continued objective of diversifying its funding sources
Mubadala and its subsidiaries deployed $29.2bn in 2024, up from $17.5bn invested in 2023, according to a report from Global SWF
The partnership will unlock up to $10bn in financing for Saudi Vision 2030 projects, boosting cooperation and commercial collaboration between the two nations
Tuaja plans to open additional resorts across Saudi Arabia by 2030, with each resort inspired by the culture and heritage of the host city
The finance ministry will transfer the entirety of its stake to the PIF at a share price of SAR41.60 apiece, subject to regulatory approvals and non-objections
The fund will target buyouts, structured solutions, and other investment opportunities across a range of strategic sectors, including technology and healthcare
SARCC will revolutionise the accommodation market by developing and operating complexes for staff in Saudi Arabia
The streaming platform is a broadcasting partner for Italy’s Serie A, Spain’s LaLiga, Germany’s Bundesliga and France’s Ligue 1
PIF currently owns 8.58 per cent of Nintendo and has stakes in video game companies Nexon, Capcom, and Koei Tecmo
These projects, valued at $3.2bn, aim to generate a combined capacity of 5.5GW of solar power for Saudi Arabia
The facility agreement was signed with a diverse global syndicate of 23 international financial institutions
The deal comes just ahead of Lucid’s planned production of its much-awaited Gravity SUV later this year
State investors accounted for 54 per cent of the $96bn deployed by sovereign funds – the highest rate since 2009