15th March, 2023
Saudi Arabia’s private markets are set to receive a boost from the Kingdom’s sovereign wealth fund, with plans designed to increase the role of the domestic private sector from 40% to 65% of GDP by 2030.
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8th November, 2022
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is emerging as a leading financier of electric vehicles with the launch of its own indigenous brand, Ceer, in a joint venture with and Taiwan-based Hon Hai Precision Industry Company (Foxconn).
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2nd November, 2022
The Red Sea continues to draw billions of dollars of investment from sovereign wealth funds, which are keen to capitalize on the resources and strategic position it occupies in global trade.
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14th September, 2022
Saudi Arabia’s ambition to become a global tourism destination is led by the US$620 billion Public Investment Fund (PIF), which this week announced it would acquire a 30% stake in Almosafer Travel & Tourism Co., a unit of Riyadh-listed Seera Group Holding for SAR1.55 billion (US$412 million).
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5th September, 2022
The world is set to see a new major flag carrier in the aviation industry, courtesy of Saudi Arabia’s Public Investment Fund (PIF) which is establishing a new airline with a US$30 billion capital injection.
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10th August, 2022
Saudi Arabia’s rapidly growing Public Investment Fund (PIF) could become the biggest shareholder in the UK’s busiest airport if it goes ahead with the acquisition of Ferrovial’s 25% stake.
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15th July, 2022
Saudi Arabia’s Public Investment Fund (PIF) is continuing its drive in the luxury vehicle markets, becoming the second-largest shareholder in Aston Martin Lagonda.
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9th June, 2022
Gaming is a core focus of the Public Investment Fund (PIF) and Embracer Group appears to have hit the right buttons the Saudi Arabian sovereign wealth fund, which invested US$1.05 billion to acquire a 8.1% stake in the Swedish gaming business.
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23rd May, 2022
Saudi Arabia’s US$600 billion Public Investment Fund (PIF) has snapped up a 17% stake in Kingdom Holdings (KHC), a Saudi private investor in industry and real estate majority owned by its billionaire founder Prince Al Waleed bin Talal Al Saud, for US$1.5 billion – suggesting the two entities could align more closely in areas of common interest.
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20th April, 2022
The transition to low carbon energy sources is at the top of the agenda of Arab sovereign wealth funds as they seek to diversify domestic and regional economies and gain exposure to progress towards the Paris Agreement’s net zero goals.
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24th March, 2022
Saudi Arabia is striding forward with its Vision 2030 program, with the Kingdom’s sovereign wealth fund the Public Investment Fund (PIF) setting the pace.
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25th February, 2022
As it launches new offices in Hong Kong, London and New York, Saudi Arabia’s Public Investment Fund (PIF) is looking at paring back its US$90 billion stake in oil major Saudi Aramco, which was gifted to it by the government earlier this month, and potentially diversifying its private equity and real assets strategies.
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