Saudi Aramco’s chairman Yasir Al Rumayyan, who heads Saudi Arabia’s Public Investment Fund, was initially appointed to RIL’s board in 2021 for a three-year term
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
The reshuffle comes as the PIF and its subsidiaries prepare to significantly increase domestic spending
The PIF received an injection of $40bn from the kingdom’s reserves in March and April
PIF has shifted its focus from being mostly a domestic holding company to an international investment vehicle with stakes in Citigroup, Facebook and Boeing Co
The PIF is looking into “any opportunity” arising from the economic wreckage of the crisis, its governor said in April
The PIF is looking into “any opportunity” arising from the economic wreckage of the crisis
The Public Investment Fund has stepped up deal-making in a bid to become the world’s biggest manager of sovereign capital
The highest ranked Arabs originating from Saudi Arabia in Gulf Business’ annual Arab power list