#PIF
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
PIF signed the MoUs with key Chinese financial institutions, including the Agricultural Bank of China and Bank of China
The steel manufacturing facility has an annual production capacity of 2.5 million tonnes of direct reduced iron and nearly 1.7 million tonnes of steel
The PIF has a sprawling portfolio of investments ranging from date farms to multinational conglomerates
Yasir Al Rumayyan met with high-level officials in China including the minister of commerce and Beijing’s mayor
Lucid delivered 2,394 vehicles in the quarter ended June 30, above estimates of 1,940 units.
Saudi Re plans to raise its capital by SAR267.3m ($71m) through this strategic subscription agreement with the kingdom’s sovereign fund
Under Vision 2030, Saudi Arabia has poured hundreds of billions of dollars through the fund into projects, including NEOM
Valiant joins the ranks of Valkyrie, Vantage and upcoming mid-engine supercar Valhalla as collectible specials
EV startups are lowering manufacturing costs, laying off workforce, and racing to develop cheaper models to navigate a slump in demand
Under the new agreement that also involves other sellers, Ardian and PIF will acquire 22.6 per cent and 15 per cent respectively of FGP Topco, which is the parent company of Heathrow Airport Holdings
PIF wants to create a venture that would bring the main sport’s organisers together, in which it would take a minority stake, say reports
Saudi Arabia is offering investors about 1.545 billion Aramco shares, or 0.64 per cent
The layoffs at Lucid will impact employees at all levels, including leadership and mid-level management,