SAUDI PIF Held Nearly $56 Bln Of U.S. – Listed Stocks In December 2021

PARIS, France – Saudi sovereign wealth fund PIF held nearly $56 billion worth of U.S. – listed stocks as of December last year, up from $43 billion at the end of September, boosted by the increased value of electric can maker Lucid, it said in a U.S. regulatory filing. The fund’s Lucid holdings were valued … More SAUDI PIF Held Nearly $56 Bln Of U.S. – Listed Stocks In December 2021

Saudi Sovereign Fund In Talks For Extension On $15 Billion Loan – Sources

PARIS, France – Saudi Arabia’s sovereign wealth fund is in talks banks to exercise an extension option on a $15 billion revolving credit facility it took out in March last year, two sources with direct knowledge of the matter said. The Public Investment Fund’s one – year loan was provided by 17 banks and has … More Saudi Sovereign Fund In Talks For Extension On $15 Billion Loan – Sources

Saudi Arabia Announces $6.4 Billion Investments In Future Tech

PARIS, France – Saudi Arabia has launched investments worth $6.4 billion in future technologies, the Saudi minister of communication and information technology said on Tuesday, as the kingdom races to diversify its economy from oil in the face of fierce regional competition. Wealth Gulf countries have launched initiatives to boost non – oil growth and … More Saudi Arabia Announces $6.4 Billion Investments In Future Tech

Saudi Arabia Launches Gaming, E – Sports Group Savvy

RIYADH, Saudi Arabia – Saudi Arabia’s Public Investment Fund on Wednesday said it had launched a gaming and e – sports, Savvy Gaming, days after Swedish firm MTG announced it was selling ESL Gaming to it. MTG on Monday said it had agreed to sell ESL Gaming to Savvy Gaming Group for an enterprise value … More Saudi Arabia Launches Gaming, E – Sports Group Savvy

Consortium Led By Saudi Arabia’s PIF Officially Takes Over Newcastle United

LONDON – A consortium led by Saudi Arabia’s Public Investment fund (PIF) officially took over Newcastle United, the Premier League announced on Thursday. ‘Following the completion of the Premier League’s  Owners’ and Directors’ Test, the club has been sold to the consortium with immediate effect’, the Premier League statement said. The consortium includes PCR Capital … More Consortium Led By Saudi Arabia’s PIF Officially Takes Over Newcastle United

Saudi Arabia’s PIF Hires Banks To Advice On ESG – IFR

Paris / France – – Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has hired five international banks as members of an environmental, governance and social (ESG) panel for its medium – term capital – raising strategy, IFR News reported on Monday. Sources told Reuters in July that PIF sent banks a request … More Saudi Arabia’s PIF Hires Banks To Advice On ESG – IFR

Sovereign Fund PIF Considers Saudi Telecom Stake Sale, Sources Say

Saudi Arabia’s Public Investment Fund (PIF) is considering divesting part of its stake in Saudi Telecom, sources close to the matter told Reuters, as the sovereign wealth fund seeks to monetise some of its assets. The fund, which holds $430 billion of assets, has hired Goldman Sachs and Saudi National Bank’s investment banking arm to … More Sovereign Fund PIF Considers Saudi Telecom Stake Sale, Sources Say

Saudi Sovereign Fund PIF To Invest In Investcorp – Aberdeen Infrastructure

Saudi Arabia’s sovereign wealth fund PIF will become an anchor investor in infrastructure fund being launch by Bahrain’s Ivestcorp and Berdeen Standard Investments. Aberdeen Standard Investcorp Infrastructure Parners (ASIIP) received a capital commitment from the $430 billion PIF for up to %20 of the total size of the fund size of the fund ahead of … More Saudi Sovereign Fund PIF To Invest In Investcorp – Aberdeen Infrastructure

Saudi Arabia’s Pif Launches An Initiative Of 200 Mln Euros To Develop Africa’s Sahel

Saudi Arabia’s Crown Prince Mohammed bin Salman announced during a summit held in France to help finance Africa’s post – pandemic recovery that the Saudi Public Investment Fund is launching a initiative of 200 million euros to develop the Sahel region countries, in partnership with the French Development Agency, according to a statement released by … More Saudi Arabia’s Pif Launches An Initiative Of 200 Mln Euros To Develop Africa’s Sahel

Saudi Sovereign Fund PIF Boosts U.S. Equities Exposure To Over $15 Bln

Saudi Arabia’s sovereign wealth fund has increased its U.S. stock holdings to $15.4 billion in the first quarter from nearly $12.8 billion at the end of 2020, according to a U.S. regulatory filing on Monday. The Public Investment Fund(PIF) bought 2.9 million class A shares in SoftBank Group Corp – backed Coupang Inc., equivalent to … More Saudi Sovereign Fund PIF Boosts U.S. Equities Exposure To Over $15 Bln