Riyadh, Saudi Arabia – The value of assets under Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) assets—both domestic and foreign—in the Saudi financial market recorded an annual growth of 37 percent (by nearly SAR 43 billion or $11.44bn) by the end of the third quarter (Q3) of 2024. This...
Al-Waleed to sell 16.87 percent of his firm to Saudi sovereign fund
The sale of 625 million shares of the Riyadh-headquartered Kingdom Holding Company is worth roughly $1.5 billion. The company owns the famed George V hotel in Paris and has a majority stake in The Savoy in London.
Global projects to fuel Aramco 2022 growth
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.
KSA, Egypt ink draft pact for PIF investment in Egypt
The two sides stressed that this agreement based on the close historical ties that unite Saudi Arabia and the Arab Republic of Egypt.
PIF opens 3 overseas firms
The new companies’ offices are in London, New York, and Hong Kong.
PIF to bid for Starbucks stake
Owners of the Starbucks franchise value the business at $15 bn.
Saudi crown prince transfer 4% Aramco shares to PIF
The transfer was part of Saudi Arabia’s long-term strategy to support the restructuring of its economy, in line with Vision 2030.Why do Arabs pitch for European football clubs?
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.
Emaar EC inks $16m contract
Emaar EC signed the $16-million contract with SAFE.
Soudah joins UNWTO
SDC is the 25th member from the Mideast to join UNWTO.Saudi PIF aims to invest $1.1 trillion by 2025
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
PIF of Saudi Arabia to launch tourism on ‘THE RIG’
Public Investment Fund of Saudi Arabia has announced the launch of ‘THE RIG,’ a new tourism project on oil offshore platforms to be located in the Arabian Gulf.
ACWA Power of Saudi Arabia aims to raise $1.2bn through IPO
ACWA Power of Saudi Arabia intends to raise nearly $1.2 billion through Initial Public Offering (IPO), and in this regard it has set an indicative price range of the IPO.PIF, Cosco buy stake in Red Sea Gateway Terminal for $280 million
The investment will help to transform RSGT into both a regional and global logistics hub in line with PIF’s mission of unlocking new economic opportunities locally and globallySaudi Arabia’s non-oil economy to grow 4.3%
The investments by the Public Investment Fund contributed to the economic recovery Last year, Saudi's economy suffered a double whammy of crashing oil prices and Covid-19 pandemic Saudi Arabia's bid to diversify its economy away from oil is beginning to show results with its non-oil economy set to expand by...Saudi Arabia mulls new Riyadh airport in big tourism push
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...Saudi’s PIF creates ME, NA investments division, 2 deputy governor roles
The Public Investment Fund (PIF), led by Governor Yasir al-Rumayyan, is at the heart of Saudi Arabia's plans to transform the economy The fund is expected to inject $40 billion annually into the local economy, and increase its assets to $1 trillion by 2025 Saudi Arabia's Public Investment Fund...
