#wealth fund

Dubai wealth fund ICD posts Dhs28.3bn in half-year profit

Dubai wealth fund ICD posts Dhs28.3bn in half-year profit

The banking and transportation divisions’ respective contributions to the wealth fund’s profit soared by Dhs8.2bn and Dhs7.7bn

Oman to split sovereign wealth fund into two portfolios

The country posted a budget surplus of $545m in the first two months of this year

Saudi Telecom spins off data centre, cable assets to new firm

Saudi Telecom already spun off its internet services unit and listed it on the kingdom’s stock market last year

Saudi Crown Prince launches masterplan for SAR75bn Jeddah Central project

The project will include four landmarks – an opera House, museum, sports stadium and oceanarium, as well as 17,000 residential units

Saudi wealth fund PIF raises $3.2bn from sale of STC stake

The Public Investment Fund offered 120 million shares in Saudi Telecom at SAR100 each

Kuwait’s wealth fund plans to invest in Saudi green initiatives

The Kuwaiti authority is a founding member of the One Planet Sovereign Wealth Fund Working Group established in Paris in 2017

Qatar wealth fund builds regional hub in Singapore to diversify

The fund has vowed to invest more in Asia and the US as it pursues growth and diversification after years of substantial investment in Europe

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

The company will operate international and domestic flights

Saudi wealth fund PIF starts private security firm

The National Security Services Company, also known as SAFE, will focus on providing a range of specialised services

Saudi firms replace CEOs at rapid pace in fourth quarter

Key leadership positions have been reshuffled

Saudi moved $40bn in reserves to sovereign wealth fund PIF

The sovereign fund has spent billions of dollars this year buying equities, including stakes in BP, Boeing, Citigroup and Facebook

Saudi wealth fund seeking ‘any opportunity’ amid virus

The Public Investment Fund has stepped up deal-making in a bid to become the world’s biggest manager of sovereign capital