Public Investment Fund (PIF)

Saudi Arabia’s sovereign wealth fund has secured a $15 billion revolving credit facility to support general corporate purposes, according to a statement. The Public Investment Fund said it was obtained from a diverse global syndicate of…
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The Saudi real estate finance market will be supported by a deal between a Public Investment Fund subsidiary and US investment giant BlackRock. The Saudi Real Estate Refinance Company signed the memorandum of understanding with BlackRock…
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Saudi Arabia’s Public Investment Fund is in discussions to acquire Boeing and Airbus freighters as part of a plan to establish a new cargo airline, according to Bloomberg. The move comes in response to growing demand for precision…
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Global firms including Foster & Partners, Jacobs Engineering, Mace, and Nera have been signed on for the new phase of development at King Salman International Airport in the Saudi capital. Being developed by the King Salman…
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Saudi Arabia’s Public Investment Fund generated an average annual shareholders’ return of 8.7 percent by the end of 2023, highlighting its significant role in the Kingdom’s ongoing economic diversification. As the nation advances its…
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Lucid Group, majority-owned by Saudi Arabia’s Public Investment Fund, has announced the opening of its second studio in the Kingdom, further expanding its presence. This new studio in Jeddah follows the recent launch of Lucid’s Dubai…
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Saudi Arabia’s Public Investment Fund witnessed a modest rise in its US stock investments, reaching $20.66 billion in the second quarter, up from $20.55 billion in the previous quarter. The wealth fund has undertaken a significant…
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Saudi Arabia’s Riyadh Air, a subsidiary of the Public Investment Fund, has awarded a SR1.5 billion ($400 million) contract for ground handling services. The announcement, made via the Saudi Stock Exchange, revealed that Saudi Ground…
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US automaker Lucid Group has secured $1.5 billion in new funding from its majority shareholder, Ayar Third Investment Co., an affiliate of Saudi Arabia’s Public Investment Fund. The deal includes $750 million in convertible preferred…
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Saudi real estate developer ROSHN has opened sales for 1,251 new homes as part of the fourth phase of its northern Riyadh-based SEDRA project. This phase expands the flagship development by 1.8 million sq. meters, featuring homes near…
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