The gains, due to high oil prices, will provide 'firepower' to the region's sovereign wealth funds, said Jihad Azour, IMF's director for MENA. Most of the oil-rich countries in the region have established large SWFs and use them to invest oil revenues in various sectors both within the countries and...

Even as only half of the significant insurers in the region are disclosing ESG information, sustainability has gained significant traction in financial services in last few years.

The new ACH160 is one of the world’s most technologically advanced helicopters with a new rotor blade design that results in significantly reduced noise, according to a statement posted on LinkedIn.The company will obtain six new ACH160 helicopters, with the first being set to join the fleet early in 2023.

The Saudi Egyptian company bought stakes worth $1.3bn.

Saudi Arabia's Public Investment Company (PIF) has established a new company in Egypt to drive investment in the north African country. The company will look to take advantage of economic growth in the region within sectors seen as 'promising.'

The deal worth $185m makes PIF a strategic investor in the group.

Saudi Arabia has signed an agreement with Lucid Motors to purchase a minimum of 50,000 electric vehicles and up to 100,000 electric vehicles over a ten-year period in an effort to diversify its fleet to be more environmentally friendly. “This agreement is a significant move that supports the key objectives...

The Saudi Arabian Oil Company has outlined a clear strategy to continue to invest in both upstream and downstream segments, says Rehan Akbar, Senior Vice-President at Moody’s.

PIF, Saudi Sovereign Wealth Fund, is in talks with four construction firms in order to make investments to the tune of millions of dollars in the companies.

SALIC of Saudi Arabia, a subsidiary of the PIF, has said it will acquire 35.43 percent of Olam Agri Holdings for $1.24 billion.

Lucid Motors has leased a big plot of land for $30 million in King Abdullah Economic City Industrial Valley, in Saudi Arabia, to produce electric vehicles in the kingdom.

Saudi National Bank, with backing from its largest shareholder, the Public Investment Fund, is looking to make big acquisitions in Europe and Asia.

The new companies’ offices are in London, New York, and Hong Kong.

Moody's has termed the share transfer of Saudi Arabia’s Aramco to the Public Investment Fund as credit positive as it increases the fund’s assets under management. 

PIF-led consortium to buy 80 percent stake in 8,069 towers.

The transfer was part of Saudi Arabia’s long-term strategy to support the restructuring of its economy, in line with Vision 2030.

RIYADH: Saudi Arabia’s biggest sovereign wealth fund, Public Investment Fund, has stakes of more than 5 percent in two Japan-listed gaming companies. Bloomberg said the combined holdings are worth around $1.2 billion in Capcom Co., the maker of the Street Fighter and Resident Evil franchises, and online games provider Nexon...

For several years, there has been a rush of investments from GCC countries into European sports. TRENDS explores the reasons that woo Gulf investors beside profits.

Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, POSCO and Samsung C&T signed here today a tripartite memorandum of understanding aimed at developing a project to produce green hydrogen for export. The event took place on the sidelines of the Saudi-Korean Investment Forum, which was held in Riyadh.

Emaar EC signed the $16-million contract with SAFE.

The mining sector is the third pillar of Saudi Arabia's economy and the kingdom has enormous natural resources and offers promising investment opportunities in the sector, said Governor of the Public Investment Fund Yasir bin Othman Al Rumayyan. Al Rumayyan said many of the future industries depend on the mining...

The Public Investment Fund, which seeks to lessen the Kingdom's reliance on oil as part of Vision 2030, eyes both local and international markets

Soudah Development Company, a real estate development company owned by PIF, Saudi Arabia's sovereign wealth fund, has announced it will join the UN Mountain Partnership to realize its environmental sustainability goals. Soudah Development is involved in driving the development of Soudah and parts of Rijal Alma’a Governorate in the Asir...

Public Investment Fund of Saudi Arabia is looking to diversify investments into Chinese companies after having confined its overseas holdings to the US and Europe.

Saudi Real Estate Refinance Company of the Public Investment Fund has announced the signing of a refinancing partnership agreement with the Real Estate Development Fund (REDF) to refinance a real estate portfolio worth SAR 10 billion.

Public Investment Fund of Saudi Arabia has unveiled LIV Golf Investments and hand-picked former world champion Greg Norman to lead the new venture.

"Following the completion of the Premier League's Owners' and Directors' Test, the club has been sold to the consortium with immediate effect," the Premier League said. The consortium includes the Saudi crown prince's $430 billion sovereign wealth fund PIF, which is crucial to the country's strategy to create new sectors...

The company expects to raise more than $1 billion from the public offering, valuing the company at about $10 billion.

Under the deal, EEC transferred part of its loan to PIF in exchange for company shares.

Companies and institutions seeking to reduce their emissions will increasingly turn to the platform to trade carbon credits

The Saudi utility developer -- half-owned by the the Kingdom's Public Investment Fund, plans to issue 85.3 million shares -- representing 11.67% of the firm after a capital increase.

The sovereign wealth fund is at the center of the kingdom's plans to transform the economy by creating new sectors and diversifying revenues away from oil.

The deal makes Saudi Arabia’s PIF a minority shareholder in the group Some of the money raised will be used to pay back loan taken out last year McLaren, a leading UK carmaker, has raised £550 million (US$757 million) fund in a deal that makes Saudi Arabia’s Public Investment Fund...

The new airport is to be a base for the new airline that the Public Investment Fund is looking to launch to counter regional carriers Riyadh is already served by the King Khalid International Airport Saudi Arabia is planning to build a new airport in its capital city Riyadh, said...

Rania Nashar has more than two decades of experience in the banking sector PIF has increased its employees from 40 in 2016 to more than 1,100 employees today Saudi Arabia’s Public Investment Fund (PIF) said it appointed Rania Nashar, former CEO of Samba Financial Group, as its head of compliance...

New airport would serve as base for new airline planned by country’s sovereign wealth fund Kingdom’s goal is to attract 100m tourists a year by 2030   Saudi Arabia is considering building a new airport that would serve as a base for a new airline the kingdom’s sovereign wealth fund...