PIF

Saudi Arabia’s Public Investment Fund is set to raise $3.5 billion in its first sale of dollar-denominated Shariah-compliant sukuk, said an official statement issued on Thursday. The wealth fund is offering the Islamic bonds with tenors…
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Aimed at making Saudi Arabia a regional hub for clean energy, the Kingdom’s Public Investment Fund has signed a memorandum of understanding with the Japanese power generation company JERA Co. Inc. to develop green hydrogen projects and…
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Eddie Howe has revealed his transfer “frustrations” and admits Newcastle United might have to “get creative” in order to deliver a squad capable of competing on four fronts. So far this summer, the Magpies have signed just one senior,…
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Saudi Arabia’s Emaar the Economic City managed to narrow losses in 2021 even as revenue dropped 31 percent during the year. On the back of lower impairment loss and expenses, losses of the PIF-backed firm fell by 33.7 percent to SR827…
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Lucid Group, in which Saudi Public Investment Fund holds a major stake, signed agreements for its first Saudi plant to produce electric vehicles with a value of $3.4 billion. The company signed agreements with the Ministry of Investment…
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Saudi Arabia’s Public Investment Fund on Saturday launched “THE RIG.”, first-of-its-kind tourism destination inspired by offshore oil platforms. Located in the Arabian Gulf, the project will span a combined area of more than 150,000…
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Customer engagement startup Unifonic has raised $125 million in its latest funding round led by SoftBank and a unit of the Public Investment Fund. News of the deal first came out in June, but was only officially announced on Wednesday,…
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Saudi Arabia’s Public Investment Fund (PIF) has already made billions of dollars in profit on its investment in Lucid Motors, the California upmarket electric vehicle (EV) manufacturer, and could earn many billions more over the next five…
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Saudi Arabia’s Public Investment Fund (PIF) is in advanced talks to acquire a stake in McLaren Group as part of a £550 million funding round that could be announced within days, Sky News reported, citing unnamed bankers. The deal will…
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