The new investment arm will attract local and foreign direct investment to develop the Aseer region
Public Investment Fund raised the seven-year loan from a syndicate of 25 banks in Europe, the US, the Middle East and Asia
Construction on the site, which is near a major Red Sea trading port, will start early next year
The offering size was SAR2.3bn, making it the second largest accelerated bookbuild offering to ever take place in the Saudi market and the GCC region
The EV brand, Ceer, will attract over $150m of foreign direct investment, and create up to 30,000 direct and indirect jobs
The Public Investment Fund said it started the Regional Voluntary Carbon Market Company with Saudi Tadawul Group
The PIF made a non-binding offer to Saudi Telecom Co. for 51 per cent of Telecommunications Towers Company
The company aims to localise knowledge, technology and innovation for the development of halal products, including foods, cosmetics, and pharmaceuticals
The company aims to build a comprehensive real estate registration database, covering data of property units across the kingdom
The wealth fund is boosting its investments in equities as Saudi Arabia’s income from oil almost doubled in the second quarter
Shareholders include Bahrain’s sovereign wealth fund Mumtalakat, investment firm Ares Management Corporation and Saudi Arabia’s Public Investment Fund
Shihana Alazzaz has been named the first female Deputy Secretary General of the Saudi Cabinet
The company plans to issue 1.5 bonus shares for every existing share, through capitalising retained earnings
The Public Investment Fund’s Savvy Gaming Group will become the second largest owner in Embracer Group after acquiring almost 100 million shares
The Public Investment Fund signed a subscription agreement that would involve it buying 63 million newly issued shares
Saudi Arabia’s posted a $15.3bn budget surplus in the first quarter
The Public Investment Fund acquired a 16.9 per cent stake in Kingdom Holding Company
The filing shows the purchase was made for investment purposes
Domestic annual Saudi coffee consumption is forecast to reach 28,700 tons by 2026
Deliberations are ongoing, and there’s no guarantee PIF will proceed with an investment
The JV agreement is part of PIF’s and stc’s efforts to drive rapid growth of Internet of Things across Saudi Arabia
The stock rose to $44.3 on Wednesday
The government will still be the largest shareholder in Aramco
Last week, Fitch Ratings gave the fund a rating of A
The Saudi benchmark index has jumped about 9 per cent this year
Yasir Al-Rumayyan, governor of the Public Investment Fund, will serve as non-executive chairman of Newcastle United
The transaction is in line with Public Investment Fund’s Strategy 2021-2025, which focuses on building strategic economic partnerships
The kingdom is looking to boost its environmental credentials
The Pagani family will keep full control of the company
The plant will start producing power in second half of 2022