Company Insights Public Investment Fund (PIF) Finance Public Investment Fund (PIF) News Banking & Finance Saudi invests $7bn in US giants from Microsoft to Starbucks Saudi Arabia’s sovereign wealth fund continued its massive investment in US equities in the second quarter of 2022 despite global recession fears. At a time when the kingdom’s income from oil almost doubled, it snapped up $7.6 billion of stocks in technology, e-commerce, retail and finance companies – from Microsoft and Amazon to Costco, Starbucks […] August 16, 2022 Analysis Banking & Finance SoftBank slump not a ‘total disaster’ for Gulf wealth funds The $23.1 billion quarterly loss announced by Japan’s SoftBank Vision Fund this week may not represent a “total disaster” for its Gulf investors, according to US-based experts. Announced during President Donald Trump’s visit to Saudi Arabia in 2017, the Vision Fund is heavily backed by GCC sovereign wealth funds (SWFs). Saudi Arabia’s Public Investment Fund […] August 10, 2022 Aviation Saudi PIF joins France’s Ardian to bid for Heathrow stake French private equity firm Ardian is looking at a possible joint proposal with Saudi Arabia’s Public Investment Fund (PIF) to buy Spainish firm Ferrovial’s 25 percent stake in London’s Heathrow, Reuters reported, citing informed sources. The sources said that Ardian has talked with its own advisers on a possible joint proposal with the Saudi sovereign […] August 10, 2022 Opinion Dubai, Singapore and the battle for tech startup supremacy The relationship between the GCC and Southeast Asia has entered a new phase of competition and co-operation as both aim to lure founders August 1, 2022 Exclusive Banking & Finance NEOM’s IPO plans welcomed by global wealth funds The Saudi Exchange inched upwards in trading today, following positive reaction to plans by the crown prince to list all companies linked to the sovereign wealth fund in the coming years, part of a wider strategy to turn Tadawul into one of the top stock markets in the world. Saudi crown prince Mohammed bin Salman […] July 26, 2022 Construction Saudi Arabia’s Neom to launch IPO by 2024 NEOM's listing is part of a strategy to make Saudi one of the world's top three bourses, MbS said as he unveiled designs for The Line July 26, 2022 Analysis Banking & Finance What’s behind Saudi Arabia’s dwindling treasure chest? Saudi Arabian reserves have dwindled by almost half in the last five years, with the government splashing out $70 billion on investment plans amid the coronavirus pandemic. In spite of the kingdom’s depleted treasure chest, analysts expressed confidence that the reserves are being redeployed wisely into funds and giga-projects, as oil prices and foreign direct […] July 26, 2022 Analysis Banking & Finance Kingdom Holding bucks European investment exit trend Saudi Arabia’s Kingdom Holding Company is investing $269 million in British insurance and asset management firm M&G Plc, despite the trend towards Middle East sovereign wealth funds backing away from Europe. M&G has over $370 billion in assets under management. Kingdom is part-owned by Saudi Arabia’s Public Investment Fund (PIF), manages a global portfolio of […] July 22, 2022 Analysis Manufacturing PIF’s Aston Martin deal will put Saudi’s auto industry in fast lane The Saudi Arabian Public Investment Fund’s (PIF) £78m investment in Aston Martin is set to turbocharge the kingdom’s domestic automotive manufacturing industry, according to experts. Last week, the PIF announced it would be a part of a £653 million takeover of Aston Martin Lagonda, and that the kingdom’s sovereign wealth fund — one of the […] July 20, 2022 Opinion Manufacturing The Gulf can become the crucible of world industry if it acts now The GCC economies are diversifying already. If they can move further and faster into manufacturing, they could win a great prize July 19, 2022 Posts navigation Previous 1 … 89 90 91 … 93 Next
Banking & Finance Saudi invests $7bn in US giants from Microsoft to Starbucks Saudi Arabia’s sovereign wealth fund continued its massive investment in US equities in the second quarter of 2022 despite global recession fears. At a time when the kingdom’s income from oil almost doubled, it snapped up $7.6 billion of stocks in technology, e-commerce, retail and finance companies – from Microsoft and Amazon to Costco, Starbucks […] August 16, 2022
Analysis Banking & Finance SoftBank slump not a ‘total disaster’ for Gulf wealth funds The $23.1 billion quarterly loss announced by Japan’s SoftBank Vision Fund this week may not represent a “total disaster” for its Gulf investors, according to US-based experts. Announced during President Donald Trump’s visit to Saudi Arabia in 2017, the Vision Fund is heavily backed by GCC sovereign wealth funds (SWFs). Saudi Arabia’s Public Investment Fund […] August 10, 2022
Aviation Saudi PIF joins France’s Ardian to bid for Heathrow stake French private equity firm Ardian is looking at a possible joint proposal with Saudi Arabia’s Public Investment Fund (PIF) to buy Spainish firm Ferrovial’s 25 percent stake in London’s Heathrow, Reuters reported, citing informed sources. The sources said that Ardian has talked with its own advisers on a possible joint proposal with the Saudi sovereign […] August 10, 2022
Opinion Dubai, Singapore and the battle for tech startup supremacy The relationship between the GCC and Southeast Asia has entered a new phase of competition and co-operation as both aim to lure founders August 1, 2022
Exclusive Banking & Finance NEOM’s IPO plans welcomed by global wealth funds The Saudi Exchange inched upwards in trading today, following positive reaction to plans by the crown prince to list all companies linked to the sovereign wealth fund in the coming years, part of a wider strategy to turn Tadawul into one of the top stock markets in the world. Saudi crown prince Mohammed bin Salman […] July 26, 2022
Construction Saudi Arabia’s Neom to launch IPO by 2024 NEOM's listing is part of a strategy to make Saudi one of the world's top three bourses, MbS said as he unveiled designs for The Line July 26, 2022
Analysis Banking & Finance What’s behind Saudi Arabia’s dwindling treasure chest? Saudi Arabian reserves have dwindled by almost half in the last five years, with the government splashing out $70 billion on investment plans amid the coronavirus pandemic. In spite of the kingdom’s depleted treasure chest, analysts expressed confidence that the reserves are being redeployed wisely into funds and giga-projects, as oil prices and foreign direct […] July 26, 2022
Analysis Banking & Finance Kingdom Holding bucks European investment exit trend Saudi Arabia’s Kingdom Holding Company is investing $269 million in British insurance and asset management firm M&G Plc, despite the trend towards Middle East sovereign wealth funds backing away from Europe. M&G has over $370 billion in assets under management. Kingdom is part-owned by Saudi Arabia’s Public Investment Fund (PIF), manages a global portfolio of […] July 22, 2022
Analysis Manufacturing PIF’s Aston Martin deal will put Saudi’s auto industry in fast lane The Saudi Arabian Public Investment Fund’s (PIF) £78m investment in Aston Martin is set to turbocharge the kingdom’s domestic automotive manufacturing industry, according to experts. Last week, the PIF announced it would be a part of a £653 million takeover of Aston Martin Lagonda, and that the kingdom’s sovereign wealth fund — one of the […] July 20, 2022
Opinion Manufacturing The Gulf can become the crucible of world industry if it acts now The GCC economies are diversifying already. If they can move further and faster into manufacturing, they could win a great prize July 19, 2022
