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PIF Uses Aramco Stake as Springboard to US$1trn AUM in 2025

8th March, 2024

Saudi Arabia’s Public Investment Fund (PIF) is marching towards its end-2025 target of US$1 trillion with a further 8% stake in Aramco transferred to its portfolio by the government, in order to fund the Kingdom’s aggressive economic diversification program.

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PIF Continues its Multi-Billion Borrowing Spree

29th February, 2024

Saudi Arabia’s Public Investment Fund (PIF) has tapped global markets for a mega-sukuk worth US$2 billion, bringing its total debt to an estimated US$36 billion - and it unlikely to stop its borrowing spree.

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Saudi Funds Set to Transform Manufacturing and Infrastructure

7th February, 2024

Saudi Arabia has launched two separate new major economic development entities, established under the auspices of the Public Investment Fund (PIF) and the National Development Fund (NDF) respectively, to drive investment in manufacturing and infrastructure, with a stress on sustainability.

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Red Sea Conflict Risk to PIF Investments

16th January, 2024

The Red Sea region is at significant risk of conflict escalation amid Houthi attacks on ships and retaliation by the US, UK and their partners in Operation Prosperity Guardian to protect global supply chains - and this puts Gulf sovereign wealth funds' investments in the region at increasing risk as conflict escalates.

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PIF Starts 2024 with Impact, After Year of Massive Investments

4th January, 2024

Saudi Arabia’s PIF continues to advance its role in the Kingdom’s economy, championing state capitalism with the acquisition of a 23.1% stake in the Tadawul-listed Middle East Paper Company (Mepco) worth an estimated SAR522 million (US$139 million) based on current share prices.

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PIF Confirms Saudi-Iraq Ties With US$3bn Partnership

6th December, 2023

Saudi Arabia’s Public Investment Fund (PIF) has added to its suite of multi-billion bilateral investment platforms with a US$3 billion pledge to neighbouring Iraq.

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Neymar's Signing to PIF-Backed Club Illustrates Saudi Bid to Become Global Soccer Leader

14th August, 2023

Deep Saudi pockets have enabled the Kingdom’s Pro League side Al-Hilal to snap up Brazilian international Neymar for a cool US$110 million fee, plus a two-year deal that will net him an estimated US$175 million.

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PIF takes a hit in 2022, pivots towards Saudi holdings

7th August, 2023

The Public Investment Fund of Saudi Arabia, known as PIF, finally released its 2022 annual report on Sunday, and there is plenty of information to digest in the 140-page document.

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PIF's MENA Holdings Surge as it Soars Towards US$2 trillion AUM

12th July, 2023

Saudi Arabia’s Public Investment Fund (PIF) reported a US$11 billion loss for 2022 as global markets tanked, but its annual accounts filed this week with the London Stock Exchange show it has ramped up its Middle East holdings by a staggering US$94 billion to US$175 billion (up 166%) in just two years as it seeks to become a regional investor heavyweight.

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Saudi Arabia's Public Pension Fund GOSI Breaks Into Global Top 10

17th May, 2023

Hassana, the manager of Saudi Arabia’s General Organization of Social Insurance (GOSI), has revealed that its total portfolio is worth an incredible US$320 billion, following a two-year process of absorbing Raidah which managed the Public Pension Agency (PPA).

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Steely Chinese Backing for Saudi PIF-Led Industrialization Push

2nd May, 2023

Saudi Arabia’s US$730 billion Public Investment Fund (PIF) has won backing from leading Chinese steel corporation Baoshan Iron & Steel (Baosteel) to establish the Kingdom’s first integrated steel plate manufacturing plant – and the fund is creating possibilities in green steelmaking through new partnerships.

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PIF Boosted to US$730bn As Its VC Arm Takes Aramco Stake

17th April, 2023

Saudi Arabia’s Public Investment Fund continues its rapid ascent with total assets under management estimated at US$730 billion, following the transfer of a 4% stake in the oil giant Saudi Aramco to the sovereign wealth fund’s wholly owned subsidiary, Sanabil Investments.

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