#Public Investment Fund

Saudi Arabia’s PIF secures $5bn loan covered by K-SURE

Saudi Arabia’s PIF secures $5bn loan covered by K-SURE

The deal is the first export credit agency financing by the sovereign fund and will help finance exports from Korea to Saudi Arabia

Heathrow airport road sign

Saudi’s PIF to pick up 10% stake in London’s Heathrow airport

The transaction is subject to regulatory conditions and must comply with the right of first offer

Lucid slashes prices amid EV price wars

Lucid cuts prices of electric sedans for limited time amid EV price wars

The automaker slashed the price of its Air Touring model to $87,500 and the more powerful Grand Touring by $10,000 to $115,600

Saudi Arabia - Riyadh Image Getty Images

Saudi Arabia to enforce January deadline to move regional HQs to Riyadh

Some companies have raised concerns over the regulatory framework, including taxation

Ajay Banga, president of the World Bank Group - COP28

World Bank chief Ajay Banga warns of economic headwinds for global economy

Geopolitical tensions heightened by the Middle East crisis pose the biggest threat to the world economy


Red Sea destination welcomes its first guests, launches Saudi’s first sea plane company

A delegation of Saudi ministers and leaders were the first guests of the destination

Saudi PIF and Saudi ELectricity Company set up electric vehicle infrastructure company GettyImages-1464744716-1

PIF, Saudi Electricity Company launch Electric Vehicle Infrastructure Company

The Public Investment Fund (PIF) of Saudi Arabia and Saudi Electricity Company (SEC) have launched…

Lucid opens Saudi Arabia’s first car production facility

Lucid opens Saudi Arabia’s first car production facility

The new facility will assemble Lucid Airs, with an initial capacity to produce 5,000 units a year

Saudi PIF-backed ADES Holding set to raise SAR4.6bn in IPO

Saudi PIF-backed ADES Holding seeks to raise SAR4.6bn from IPO

The company is selling 237.1 million new shares in the IPO while its shareholders are selling about 101.6 million shares


Saudi’s PIF to create steel giant with $3.3bn Sabic deal

The deal is expected to close before the end of the first quarter of 2024

Ben Stokes cricket

England Cricket captain Ben Stokes predicts Saudi could be the next biggest player in cricket

Ben Stokes was unveiled as one of the athletes backing a new venture capital firm allowing sports stars to invest in consumer-facing startups

Aliph Capital secures funding from PIF-backed Jada

Saudi PIF’s Jada invests in Aliph Capital’s “Aliph Fund I”

The investment reinforces Jada’s commitment to supporting small and midsize enterprises in Saudi Arabia

Saudi Arabia’s foreign reserves plunge to 2009 low

Saudi foreign reserves plunge by most since pandemic to 2009 low

The decline in July was the biggest since the government transferred $40bn to its wealth fund from the central bank to invest abroad

AviLease buys StanChart’s aircraft leasing business

Saudi PIF’s AviLease to acquire StanChart’s aircraft leasing business

The jet lessor will acquire a portfolio of 100 narrowbody aircraft and become a servicer for another 22 jets

Saudi PIF, holders to offer 30% stake in oil driller ADES IPO

Saudi PIF, holders to offer 30% stake in oil driller ADES IPO

The offering will consist of 338.7 million shares, which will include the issuance of 237.1 million new shares through a capital increase

US Treasuries

Saudi Arabia’s holdings of US Treasuries at six-year low

The kingdom in June sold more than $3bn in US government debt, offloading the securities for a third consecutive month

PIF launches fitness and wellbeing company

Saudi Arabia’s PIF sets up fitness and well-being company

Kayanee will adopt a female-focused approach to all its services, prioritising mental, physical and social health to create a vibrant society

Saudi Arabia’s PIF sets up company to promote sports sector

Saudi Arabia’s PIF sets up company to promote sports sector

SRJ Sports Investments will invest in businesses specialised in offering unique fan engagement activities and transformative sports technology

World Tourism Day 2023

Saudi Arabia’s PIF sets up company to boost tourism sector

The new company will invest in new tourism projects and develop attractive destinations in cities across the kingdom

Kylian Mbappe at PSG

Kylian Mbappe in Saudi Arabia? Al-Hilal offers $333m for PSG striker

The French striker has yet to make any decision on his next club, with only one year left on his contract at Paris-Saint Germain

Saudi wealth fund sets up Sawani

Saudi wealth fund sets up Sawani to boost camel dairy industry

The company will partner with players in the private sector to boost the production capacity of the camel dairy industry

GCC wealth funds are fueling growth and prosperity

How GCC wealth funds are fuelling growth and prosperity

Sovereign wealth funds in the GCC region continue to increase in number, size, variety and scope

Aramco, PIF and China’s Baosteel steel JV

Saudi Arabia’s sovereign wealth fund PIF reports $11bn loss for 2022

The PIF is in the midst of a global investment spree after it was transformed from a domestically-focused holding company into a sovereign fund in 2016

Esports GCC

Beyond games: How GCC’s esports, gaming sector is on target for growth

We explore how the region is embracing esports and gaming as a significant cultural and economic force

Riyadh air

Riyadh Air takes flight in Saudi skies ahead of air show debut: Watch

Riyadh Air will join the global aviation sector with “RX” as its Airline Designator Code which was approved by the International Air Transport Association

Karim Benzema at Ittihad Club

Karim Benzema, former Galactico descends on Saudi Arabia with Al Ittihad signing

The Ballon d’Or winner was with Real Madrid for 14-years before agreeing to move to the Saudi Pro League club on an initial three-year contract

Saudi Arabia sports clubs’ privatisation plan

Saudi Arabia kicks off sports clubs privatisation project

The project seeks to raise Saudi Pro League’s commercial revenues from SAR450m in 2022 to over SAR1.8bn annually

SRC CEO Fabrice Susini image credit SRC twitter

PIF’s Saudi Real Estate Refinance Company completes latest sukuk issuance of SAR3.5bn

This is the sixth tranche under SRC’s upsized SAR20bn sukuk programme

ACWA Power Riyadh Headquarters Office

ACWA Power, PIF unit jointly invest $3.25bn in three solar projects

The new solar projects, which will be jointly owned with ACWA and PIF’s Badeel, will have a combined production capacity of 4.55 GWac

Saudi Real Estate Refinance Company

Saudi Real Estate Refinance Company announces credit rating and outlook upgrades

Moody’s Investor Services affirmed Saudi Real Estate Refinance Company’s ‘A2’ long-term issuer ratings and upgraded its outlooks to ‘positive’