22nd January, 2025
Saudi Arabia’s Public Investment Fund (PIF) is making bold moves to secure the funding necessary for its ambitious Vision 2030 transformation.
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6th January, 2025
Saudi Arabia’s Public Investment Fund (PIF), a cornerstone of the Kingdom’s Vision 2030 strategy, has raised US$7 billion through its inaugural murabaha credit facility, a shariah-compliant financing structure.
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5th December, 2024
Franco-Saudi relations have been bolstered by the signing of a US$10 billion MoU between France’s state-owned investor Bpifrance and Saudi Arabia’s Public Investment Fund (PIF).
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4th November, 2024
Saudi Arabia’s Public Investment Fund (PIF) is taking a majority stake of the Middle East’s biggest broadcaster, which was originally nabbed by the government in the palace purge that was staged exactly seven years ago today.
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3rd September, 2024
With its cash resources squeezed by profligate investments ranging from gigaprojects to sports, Saudi Arabia’s Public Investment Fund (PIF) is set to tap debt markets for a fourth time this year.
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12th July, 2024
Saudi Arabia’s Public Investment Fund (PIF) is planning to bolster hydrogen production by turning a little known subsidiary, the Energy Solutions Company (ESC), into a national champion, adding to its large and growing suite of industrial subsidiaries that seek to diversify the Kingdom’s economy, according to MEED.
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11th June, 2024
Reports that Saudi energy firm ACWA Power is planning to raise SAR7.1 billion (US$1.9 billion) through issuing stock to existing shareholders could further boost the Public Investment Fund’s (PIF) AUM as it strides towards a US$1 trillion portfolio – meanwhile, Aramco’s recent secondary offering poses some downside risks for the Saudi state and the economy's long-term diversification.
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3rd June, 2024
The decision by Saudi Arabia’s Public Investment Fund (PIF) to launch a rare sterling-denominated dual-tranche note offering suggests the sovereign wealth fund is resorting to international debt markets to fund the Kingdom’s Vision 2030 objectives – it’s total leverage is currently a little over 4% of total assets under management.
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28th May, 2024
Saudi Arabia’s Public Investment Fund (PIF) is developing its might as the dominant force in the national economy with the launch of yet another national champion subsidiary, this time devoted to satellite launches.
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30th April, 2024
Saudi Arabia’s US$925 billion Public Investment Fund (PIF) has given BlackRock a US$5 billion mandate to help establish a multi-class investment firm based in the capital, called BlackRock Riyadh Investment Management.
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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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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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