#Public Investment Fund

Saudi Arabia

Saudi Arabia elevates two women to senior roles in government

Shihana Alazzaz has been named the first female Deputy Secretary General of the Saudi Cabinet

Saudi Telecom

Saudi Telecom to raise capital by $8bn in bonus shares

The company plans to issue 1.5 bonus shares for every existing share, through capitalising retained earnings

Saudi Wealth Fund

Saudi wealth fund makes second $1bn bet on Swedish gaming

The Public Investment Fund’s Savvy Gaming Group will become the second largest owner in Embracer Group after acquiring almost 100 million shares

Public Investment Fund

Saudi wealth fund to take $185m Jordanian bank stake

The Public Investment Fund signed a subscription agreement that would involve it buying 63 million newly issued shares

Saudi Arabia

Saudi Arabia to use oil windfall to boost private sector

Saudi Arabia’s posted a $15.3bn budget surplus in the first quarter

Prince Alwaleed

Saudi Arabia buys $1.5bn stake in Prince Alwaleed’s firm

The Public Investment Fund acquired a 16.9 per cent stake in Kingdom Holding Company

Saudi Arabia’s PIF adds to games push with 5% Nintendo stake

The filing shows the purchase was made for investment purposes

saudi coffee

Sovereign wealth fund PIF launches Saudi Coffee Company

Domestic annual Saudi coffee consumption is forecast to reach 28,700 tons by 2026

Saudi wealth fund weighs stake in Thyssenkrupp’s hydrogen unit

Deliberations are ongoing, and there’s no guarantee PIF will proceed with an investment

Saudi’s PIF, stc Group sign agreement to establish new IoT company

The JV agreement is part of PIF’s and stc’s efforts to drive rapid growth of Internet of Things across Saudi Arabia

Saudi digital security firm Elm soars in Riyadh trading debut

The stock rose to $44.3 on Wednesday

Saudi Arabia transfers 4% of Aramco stake to state wealth fund

The government will still be the largest shareholder in Aramco

Saudi Arabia

Saudi wealth fund edges closer to green bond with Moody’s rating

Last week, Fitch Ratings gave the fund a rating of A

Getty Images

Saudi wealth fund rakes in $5bn as demand for stocks booms

The Saudi benchmark index has jumped about 9 per cent this year

Saudi wealth fund PIF leads acquisition of Newcastle United after Premier League approval

Yasir Al-Rumayyan, governor of the Public Investment Fund, will serve as non-executive chairman of Newcastle United

Saudi sovereign wealth fund acquires 25% stake in Emaar the Economic City

The transaction is in line with Public Investment Fund’s Strategy 2021-2025, which focuses on building strategic economic partnerships

Saudi wealth fund plans green bond, works with BlackRock on ESG

The kingdom is looking to boost its environmental credentials

Saudi wealth fund buys a stake in Italian supercar maker Pagani

The Pagani family will keep full control of the company

Aramco joins group building giant solar plant in Saudi Arabia

The plant will start producing power in second half of 2022

Saudi wealth fund is said to hire ex-HSBC executive as director

Since 2015, the PIF’s assets under management have risen to $430bn from about $150bn

Saudi wealth fund weighs new airport in Riyadh for tourism drive

The crown prince’s economic transformation plan has identified Islamic pilgrimage as a key source of non-oil revenue

Saudi wealth fund appoints deputy governors to spur growth

The PIF has made several high-profile investments in recent years

Saudi firms will cut dividends to fund $1.3 trillion investments

The new plan comes after the coronavirus pandemic and oil market turmoil created a double crisis for Saudi Arabia

Saudi wealth fund raises year’s third-biggest loan for new deals

The $400bn sovereign investor is key to the kingdom’s efforts to revive economic growth

Saudi wealth fund may close its biggest-ever loan deal this week

The Public Investment Fund is raising about $15bn from a group of international banks to finance new investments

Lucid Motors

Lucid Motors agrees to go public with $24bn valuation

Lucid will now start production of its debut EV, a luxury sedan called the Air, in the second half of this year

Saudi’s Public Investment Fund to set up airline company – reports

The company will operate international and domestic flights

Saudi’s Public Investment Fund launches 5-year strategy; assets treble to $400bn

PIF aims to grow its assets under management to over $1.07 trillion by the end of 2025

Saudi’s $360bn sovereign wealth fund PIF rejigs top leadership

The reshuffle comes as the PIF and its subsidiaries prepare to significantly increase domestic spending

Saudi, Abu Dhabi wealth funds team up on Egyptian drugmaker deal

Public Investment Fund and ADQ are weighing the purchase of Bausch Health’s Cairo-based drug unit