Company Insights Public Investment Fund (PIF) Finance Public Investment Fund (PIF) News Banking & Finance Saudi PIF to consider bidding for Ooredoo’s tower unit Saudi Arabia’s Public Investment Fund (PIF) is weighing submitting the final bid for Qatari telecommunications firm Ooredoo’s network towers, Bloomberg reported, citing unnamed sources. American Tower Corporation, IHS Holding Limited and Helios Towers Plc are contemplating offers for all or part of the portfolio. Ooredoo’s tower assets, located in the Gulf and other markets, including Iraq […] November 8, 2022 Banking & Finance Apicorp signs $75m carbon offset financing deal with UK firm The Arab Petroleum Investments Corporation (Apicorp), a Saudi-headquartered, energy-focused development financial institution, has signed a $75 million Islamic financing agreement with a British firm to fund high-quality carbon offsets, supporting the Gulf’s net zero emission targets. The agreement, known as a Murabaha, is an Islamic financing facility where a financier will purchase an asset and […] November 7, 2022 Banking & Finance Public Investment Fund reports 13% profit hike to $22.8bn Saudi Arabia’s Public Investment Fund (PIF) reported profit of SAR 85.7 billion ($22.81 billion) in 2021, a year-on-year increase of 13 percent, according to the Saudi Gazette newspaper. The PIF’s revenue rose 27 percent year-on-year to SAR 228.2 billion and profit from associate companies hit SAR 8.6 billion, a 75 percent increase. Its other operating incomes […] October 31, 2022 Opinion Banking & Finance Soft diplomacy rose to new levels at Saudi Arabia’s sixth FII forum The Future Investment Initiative was a networking forum for entrepreneurs and leaders shaping the global economy October 28, 2022 Banking & Finance Jared Kushner’s firm leads $200m funding for Dubizzle’s owner UAE-based unicorn Emerging Markets Property Group (EMPG) has completed a $200 million investment led by Affinity Partners, a global firm launched in 2021 by former US president Donald Trump’s son-in-law Jared Kushner. EMPG owns leading UAE classifieds platforms Bayut and Dubizzle, along with several platforms across emerging markets focused on Mena, South and Southeast Asia. The investment round […] October 28, 2022 Analysis Abu Dhabi sovereign wealth fund to deploy more into private credit Abu Dhabi Investment Authority (ADIA) is upping its exposure to private credit to boost its returns, the world’s fifth largest sovereign wealth fund revealed in its 2021 annual review published on Thursday. Private credit has flourished since the 2008 global financial crisis as banks became more risk averse in their lending and interest rates plunged, […] October 27, 2022 Banking & Finance PIF launches regional entities to invest $24bn in multiple sectors Saudi Arabia’s Public Investment Fund (PIF) plans to set up five regional investment companies in Jordan, Bahrain, Sudan, Iraq and Oman, crown prince and fund chairman Mohammed bin Salman said in a statement. The announcement, made on the second day of Riyadh’s flagship Future Investment Initiative (FII) conference, comes after the PIF established an investment […] October 27, 2022 Sustainability Aramco unveils $1.5bn sustainability fund Saudi Aramco has announced the creation of a $1.5 billion Sustainability Fund to invest in technology to support energy transition. Unveiled at the Future Investment Initiative currently taking place in Riyadh, Aramco said it is among the largest sustainability-focused venture capital funds globally. Managed by Aramco Ventures, its venture capital arm, the Sustainability Fund is […] October 26, 2022 Analysis GCC and South Korea kick off fresh round of trade talks The sixth round of trade talks between the GCC and South Korea has started in Seoul. The negotiations began on Monday and are scheduled to run until Friday. The two sides resumed talks on a free trade agreement earlier this year, following a 13-year hiatus. The agenda for the sixth round includes goods and services, […] October 25, 2022 Energy New PIF company to hold world’s largest-ever carbon credit auction Saudi Arabia’s Public Investment Fund (PIF) has established the Regional Voluntary Carbon Market Company to support businesses and industries in the region to achieve ‘net zero’ goals. PIF will hold an 80 percent stake, while Saudi Tadawul Group Holding Company will own the remaining 20 percent, the sovereign wealth fund said in a statement. The […] October 25, 2022 Posts navigation Previous 1 … 86 87 88 … 94 Next
Banking & Finance Saudi PIF to consider bidding for Ooredoo’s tower unit Saudi Arabia’s Public Investment Fund (PIF) is weighing submitting the final bid for Qatari telecommunications firm Ooredoo’s network towers, Bloomberg reported, citing unnamed sources. American Tower Corporation, IHS Holding Limited and Helios Towers Plc are contemplating offers for all or part of the portfolio. Ooredoo’s tower assets, located in the Gulf and other markets, including Iraq […] November 8, 2022
Banking & Finance Apicorp signs $75m carbon offset financing deal with UK firm The Arab Petroleum Investments Corporation (Apicorp), a Saudi-headquartered, energy-focused development financial institution, has signed a $75 million Islamic financing agreement with a British firm to fund high-quality carbon offsets, supporting the Gulf’s net zero emission targets. The agreement, known as a Murabaha, is an Islamic financing facility where a financier will purchase an asset and […] November 7, 2022
Banking & Finance Public Investment Fund reports 13% profit hike to $22.8bn Saudi Arabia’s Public Investment Fund (PIF) reported profit of SAR 85.7 billion ($22.81 billion) in 2021, a year-on-year increase of 13 percent, according to the Saudi Gazette newspaper. The PIF’s revenue rose 27 percent year-on-year to SAR 228.2 billion and profit from associate companies hit SAR 8.6 billion, a 75 percent increase. Its other operating incomes […] October 31, 2022
Opinion Banking & Finance Soft diplomacy rose to new levels at Saudi Arabia’s sixth FII forum The Future Investment Initiative was a networking forum for entrepreneurs and leaders shaping the global economy October 28, 2022
Banking & Finance Jared Kushner’s firm leads $200m funding for Dubizzle’s owner UAE-based unicorn Emerging Markets Property Group (EMPG) has completed a $200 million investment led by Affinity Partners, a global firm launched in 2021 by former US president Donald Trump’s son-in-law Jared Kushner. EMPG owns leading UAE classifieds platforms Bayut and Dubizzle, along with several platforms across emerging markets focused on Mena, South and Southeast Asia. The investment round […] October 28, 2022
Analysis Abu Dhabi sovereign wealth fund to deploy more into private credit Abu Dhabi Investment Authority (ADIA) is upping its exposure to private credit to boost its returns, the world’s fifth largest sovereign wealth fund revealed in its 2021 annual review published on Thursday. Private credit has flourished since the 2008 global financial crisis as banks became more risk averse in their lending and interest rates plunged, […] October 27, 2022
Banking & Finance PIF launches regional entities to invest $24bn in multiple sectors Saudi Arabia’s Public Investment Fund (PIF) plans to set up five regional investment companies in Jordan, Bahrain, Sudan, Iraq and Oman, crown prince and fund chairman Mohammed bin Salman said in a statement. The announcement, made on the second day of Riyadh’s flagship Future Investment Initiative (FII) conference, comes after the PIF established an investment […] October 27, 2022
Sustainability Aramco unveils $1.5bn sustainability fund Saudi Aramco has announced the creation of a $1.5 billion Sustainability Fund to invest in technology to support energy transition. Unveiled at the Future Investment Initiative currently taking place in Riyadh, Aramco said it is among the largest sustainability-focused venture capital funds globally. Managed by Aramco Ventures, its venture capital arm, the Sustainability Fund is […] October 26, 2022
Analysis GCC and South Korea kick off fresh round of trade talks The sixth round of trade talks between the GCC and South Korea has started in Seoul. The negotiations began on Monday and are scheduled to run until Friday. The two sides resumed talks on a free trade agreement earlier this year, following a 13-year hiatus. The agenda for the sixth round includes goods and services, […] October 25, 2022
Energy New PIF company to hold world’s largest-ever carbon credit auction Saudi Arabia’s Public Investment Fund (PIF) has established the Regional Voluntary Carbon Market Company to support businesses and industries in the region to achieve ‘net zero’ goals. PIF will hold an 80 percent stake, while Saudi Tadawul Group Holding Company will own the remaining 20 percent, the sovereign wealth fund said in a statement. The […] October 25, 2022
