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
The automaker plans to use the proceeds for general corporate purposes including capital expenditures and working capital
Public Investment Fund’s representatives have discussed a potential partnership with US venture capital firm Andreessen Horowitz
The PIF currently ranks number five globally in terms of sovereign wealth funds by asset size
This investment aims to bolster the growth of the Venture Debt ecosystem in Saudi Arabia.
The electric carmaker awarded the contract for a production facility spanning more than one million square meters
The fund has held a 4 per cent stake in Aramco since 2022 and indirectly holds another 4 per cent that was transferred last year to Sanabil
The agreement aims to expand cooperation between the two parties and enable new and promising investment opportunities in Bahrain
Al-Rumayyan’s comments signal that data centres may be a core part of the kingdom’s strategy to capitalise on the booming demand for GenAI technology
Sovereign funds in the GCC region are key to their respective governments’ national development plans and contribute to deploying national wealth in strategic sectors of interest
Sindalah will open its doors in 2024, giving a taste of luxury and fun in the future