#PIF

Saudi Arabia’s PIF abandons bid for Newcastle United

The consortium formally withdrew its interest because of the prolonged process and current challenges

sabic

Oil giant Saudi Aramco completes $70bn takeover of SABIC

Aramco will push back the bulk of installments until after 2022 and delay the final one by three years until 2028

sabic

Aramco begins taking SABIC stake in $69bn of block trades

Aramco will pay $24.8bn this week as a first installment in the deal

Saudi moved $40bn in reserves to sovereign wealth fund PIF

The sovereign fund has spent billions of dollars this year buying equities, including stakes in BP, Boeing, Citigroup and Facebook

Saudi wealth fund said to be seeking $10bn margin loan

PIF is in need of capital as it embarks on an investment spree that has seen it build stakes in some of the world’s largest companies since the start of the coronavirus pandemic

Saudi wealth fund PIF buys Boeing, Citi, Facebook, Disney stakes

The PIF is looking into “any opportunity” arising from the economic wreckage of the crisis, its governor said in April

Saudi wealth fund seeking ‘any opportunity’ amid virus

The Public Investment Fund has stepped up deal-making in a bid to become the world’s biggest manager of sovereign capital