Browsing: pif

RIYADH: Saudi Arabia’s sovereign wealth fund is in early talks to buy the Kingdom’s flagship airline as part of transforming the country into a tourist destination.

RIYADH: Saudi Arabia’s sovereign wealth fund has climbed to fifth in a ranking of state-owned investment organizations, with its net assets reaching $861 billion, according to a new report. 

DUBAI – The sovereign wealth funds of Saudi Arabia and Bahrain have signed a memorandum of understanding (MoU) to boost cooperation and investment in strategic sectors, Saudi state TV reported.

RIYADH: Saudi Arabia’s Public Investment Fund is set to take a 36 percent stake in the Kingdom’s construction giant Binladin Group, according to Bloomberg. 

RIYADH: Marine support services in Saudi Arabia are poised to grow, with Zamil Offshore Co. securing a funding boost from the Public Investment Fund for fleet expansion.

RIYADH: Utility firm ACWA Power, backed by Public Investment Fund, is a step closer to building solar energy plants worth $3.4 billion across Saudi Arabia after securing finance from a bank consortium.

RIYADH: Saudi family businesses, pivotal in driving the Kingdom’s economy with around 95 percent ownership, are set to secure additional funding and governance support through newly-inked agreements. 

RIYADH: Financing solutions offered by the Saudi Industrial Development Fund are now accessible to alumni of the supplier development programs of the Kingdom’s sovereign wealth organization.

RIYADH: Saudi Arabia’s Public Investment Fund has secured a term loan of $5 billion from a group of nine international…

RIYADH: A new investment company tasked with developing local supply chain capabilities for the automotive and mobility industry in Saudi…