Public Investment Fund (PIF)

Saudi Arabia’s sovereign wealth fund is set to significantly increase its financing in Egypt, with plans to convert its deposits into direct investments following a key meeting between officials from both countries. The discussions, held…
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Saudi Arabia emerged as the top issuer in the Gulf Cooperation Council bond market during the first half of 2024, raising $37 billion through 44 issuances, according to recent data. The Markaz GCC Bonds and Sukuk Market Report indicated…
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Middle Eastern sovereign investors are following their global counterparts by prioritizing India and other emerging markets amid concerns over geopolitical tensions, an analysis said. In its latest report, Invesco, a US-based investment…
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A new 45,000-capacity stadium is set to enhance Saudi Arabia’s sports and entertainment landscape as New Murabba Development Co. unveiled its design as part of its mixed-use project. In a post on X, formerly known as Twitter, the…
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Saudi Arabia's Public Investment Fund has appointed SNB Capital as one of the banks leading on a planned initial public offering of the Kingdom's largest medical procurement firm. A spokesperson for SNB Capital verified its involvement…
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Saudi Arabia’s sports sector is set for a major boost as ownership of Diriyah Sports Club transfers from the Ministry of Sport to Diriyah Co., a firm owned by the Public Investment Fund. Crown Prince Mohammed bin Salman, serving as…
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Lucid Motors, majority-owned by Saudi Arabia’s sovereign wealth fund, delivered 2,394 electric vehicles in the second quarter of this year, a 21.70 percent increase compared to the first quarter. In a statement, the company said it also…
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Saudi Reinsurance Co. plans to increase its capital by SR267.3 million ($71 million) through a strategic subscription agreement with the Public Investment Fund, aimed at enhancing its financial position. The binding subscription…
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Saudi Arabian Military Industries inked three agreements with Turkish firms to localize defense businesses in the Kingdom’s aviation, space and technology fields. The Public Investment Fund-owned group signed the memorandum of…
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Saudi Arabia’s sovereign wealth fund has reported strong financial results for 2023, achieving revenues of SR331 billion ($88.3 billion) from its diverse investment portfolio, marking over 100% percent growth from 2022. Demonstrating…
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