Public Investment Fund
OpenAI In Discussions With UAEs MGX, Saudis PIF For Its $40bn Funding
Middle East Business News - Published date: .
Founder Sam Altman has also approached Mukesh Ambani’s Reliance Industries, reports The Information Read more
Saudi Wealth Fund PIF Opens Paris Office To Boost European Investments
Middle East Business News - Published date: .
French President joins PIF Governor Al-Rumayyan to inaugurate Paris office during 'Choose France' summit Read more
Saudi Arabias PIF Plans To Double European Investments To $170bn By 2030
Middle East Business News - Published date: .
Saudi sovereign wealth fund governor warns EU 'outrageous' sustainability rules could drive away investment Read more
PIF Strikes Deals With BlackRock And Neuberger Berman To Boost Saudi Capital Markets
Middle East Business News - Published date: .
PIF unveils $5 billion anchor investment in BlackRock infrastructure fund and a $6 billion partnership with Neuberger B... Read more
PIF To Offer $13mn Purse In Ladies Golfs Revamped Global Series
Sports and Eneterainment - Published date: .
Five tournaments in Riyadh, Seoul, London, Houston and Shenzhen are part of the PIF Global Series on Ladies European To... Read more
Saudi PIF Prices $1.25bn Sukuk Offering Amid Strong Demand
Middle East Business News - Published date: .
The Saudi sovereign wealth fund’s dollar-denominated sukuk drew over $9 billion in orders, highlighting strong global... Read more
GCC Royal Private Offices Manage Close To $500 Billion In Assets: Report
Middle East Business News - Published date: .
Sovereign wealth fund tracker Global SWF has identified 35 RPOs in the GCC, with the UAE home to a vast majority of the... Read more
Saudi PIF-backed SURJ Sports Investment acquires Minority Stake In DAZN
Sports and Eneterainment - Published date: .
The partnership aims to strengthen Saudi Arabia as a leading market for sports investments, while capitalising on the s... Read more
Abu Dhabis Mubadala Overtakes Saudis PIF As Worlds Top Sovereign Fund Investor With Over $29bn In 2024
Middle East Business News - Published date: .
Since 2023, Mubadala's investments jumped 67% while PIF's dropped 37% Read more
Saudi Arabias PIF Sells 2% Stake In Stc For Over $1bn
Middle East Business News - Published date: .
PIF maintains ownership of 3.1 billion shares, equivalent to 62 percent of stc's issued share capital, following the tr... Read more
PIF-backed Roshn In Talks With Banks To Raise $667mn In Early 2025: Report
Middle East Business News - Published date: .
In the shorter term, the Saudi developer expects to raise SAR 18 billion in total from local banks by the end of 2024 Read more
Saudi Arabias PIF Pivots To Domestic Focus, Eyes AI Revolution, Says Al-Rumayyan
Middle East Business News - Published date: .
The fund is reportedly in early discussions about a potential AI partnership worth up to $40 billion with venture capit... Read more
LIV Golf To Offer One Season-long Card Through Promotions Event In Riyadh
Sports and Eneterainment - Published date: .
The winner of the tournament gets into the 54-man roster of the PIF-backed League in 2025; Top-10 get exemption to Inte... Read more
PIF Signs Agreement To Become Womens Tennis Rankings Naming Partner
Sports and Eneterainment - Published date: .
This follows the recent announcement that the season-ending WTA Finals will be hosted in Riyadh for the next three year... Read more
Saudi Sovereign Fund Said To Hire Ex-Morgan Stanley Risk Officer
Middle East Business News - Published date: .
PIF received an injection of $40bn from the kingdom's reserves in March and April as it sought investment opportunities ... Read more
Saudi's PIF Ditches Blue-chip Stocks, Adds ETFs
Middle East Business News - Published date: .
Kingdom transferred about $40bn to the PIF from its central bank in March and April to boost its financial fire power Read more
Saudi Wealth Fund Is Said To Repay $10bn Bridge Loan
Middle East Business News - Published date: .
Loan taken last year ahead of $70bn sale of stake in Saudi Basic Industries Corp Read more
Premier League Chief Opens Up On Saudi-funded Failed Newcastle Bid
Middle East Business News - Published date: .
PCP Capital Partners' largely Saudi-funded $445 million bid to buy the Premier League club collapsed recently Read more
JPMorgan Sees Virus Fallout Stoking Middle East Deals Into 2021
Middle East Business News - Published date: .
The first six months saw $72 billion of bond issuance from the region, the busiest start yet Read more
Saudi-backed Consortium Abandons Bid To Buy Newcastle United
Middle East Business News - Published date: .
Deal had been agreed to buy the club for $390m from current owner Mike Ashley in April Read more