#Public Investment Fund
The contract has a duration of 18 months for preparation and execution, followed by 15 years of project operations
The investment is expected to boost the growth of the local reinsurance sector and improve coverage for commercial activities for insurance firms and companies in general
Ardian and PIF will acquire 22.6 per cent and 15 per cent, respectively, of FGP Topco for a total of $4.12bn
Adeera seeks to introduce a portfolio of distinctive Saudi hotel brands serving various segments, from mid-range to ultra-luxury, for different categories of visitors
The fund, which sold 6 per cent of stc for $3.2bn in 2021, will keep a 62 per cent stake in the telecoms group after the offering
The developer is building close to 400,000 homes across Saudi Arabia, along with about 1,000 schools, as well as entire commercial and entertainment districts
Aramco expects to declare total dividends of $124.3bn in 2024, of which $43.1bn would be performance-linked dividends
The fund inked MoUs with Mizuho Bank, Sumitomo Mitsui Financial Group, MUFG Bank, Japan Bank for International Cooperation, and Nippon Export and Investment Insurance
The new private equity fund will target buyouts, structured solutions and other investment opportunities across a range of strategic sectors
The sovereign wealth fund is driving economic diversification by investing billions in new sectors to reduce oil dependency
The deal includes new investment by both PIF and Central to strengthen Selfridges Group’s position and support future development
The $63bn project is one of the Public Investment Fund’s giant construction efforts aimed at boosting economic growth
A sale of the stake would increase the investor base of the business that has been held by the Alshaya family since 1999
While the timing of a full-throttle M&A market recovery is not entirely clear, dealmaking activity in the GCC gathered steam in H1 2024
The wealth fund is said to discussions with both aircraft manufacturers and lessors to acquire Boeing 777 and Airbus A350 freighters
The Concacaf partnership adds to PIF’s growing portfolio of partnerships across tennis, golf, football, and electric motorsports
The deal comes just ahead of Lucid’s planned production of its much-awaited Gravity SUV later this year
The PIF has a sprawling portfolio of investments ranging from date farms to multinational conglomerates
The contract was awarded to a joint venture to build educational institutions, cultural venues, offices and a luxury hotel
International demand for the secondary share sale was greater than for Aramco’s IPO in 2019
Neo Space Group will invest in local and international assets and capabilities, as well as venture capital opportunities
The layoffs at Lucid will impact employees at all levels, including leadership and mid-level management,
The company’s growth is part of PIF’s broader portfolio strategy in aviation
The move is in line with the strategy to establish an entertainment, sports and culture powerhouse in the kingdom
The firm plans to invest $100bn by 2030 to develop key partnerships and build advanced manufacturing capabilities
Vale and Manara Minerals is a joint venture between Saudi Arabian Mining Company, Ma’aden, and Saudi Arabia’s Public Investment Fund
The statistics authority estimated that oil activities plunged by 10.6 per cent in the first quarter compared to the same period a year ago
The investment platform seeks to accelerate the growth of capital markets in Saudi Arabia
The deal is subject to regulatory approvals and it is expected to be closed in the second half of 2024
The Red Sea, envisioned to comprise 50 resorts upon full completion in 2030, represents a significant step towards realising Saudi Arabia’s Vision 2030 initiative