Investment

As the financial world approaches the challenges and opportunities of 2024, the flux of global economics is poised to make headlines once again. Prevailing uncertainties concern the potential for a U.S. recession, the true state of inflation, the likelihood of loosened monetary policies, and the economic implications of geopolitical strains.Adding to the intrigue, 2024 is slated to become a landmark...

In a bold move towards sustainability, Saudi Arabia is considering the issuance of green bonds, marking a significant pivot for the nation traditionally reliant on oil revenues. This initiative is part of a broader strategy to fund eco-friendly ventures and steer the country towards a fossil fuel-independent future.The Saudi Ministry of Finance recently revealed a green financing framework that delineates...

The private equity landscape in Saudi Arabia is experiencing a remarkable boom. In a recent surge, the sector's value leapt from $1 billion in 2022 to an impressive $4 billion in 2023, distributed across 30 different deals. This information emerges from the latest research provided by Magnitt, showcasing the rapid growth within the kingdom's investment scene.At the heart of this...

In the dynamic realm of finance, Saudi Arabia's private equity scene has experienced a remarkable ascent, boasting transactions amounting to $4 billion in the year 2023, as unveiled by MAGNiTT. The venture data platform, in collaboration with Saudi Venture Capital Co., has brought to light a report showcasing a substantial amplification in private equity dealings within the Kingdom. Starting from...

The realm of private equity in Saudi Arabia is experiencing a vigorous expansion, making it a notable force within the nation's financial sector. A recent report covering the period from 2019 to 2023 has highlighted an impressive swell in private equity undertakings, with figures for 2023 topping $4 billion.The comprehensive report, backed by SVC, delineates a steady climb in private...

In an ambitious move to transform its economy, Saudi Arabia is setting its sights on a considerable investment in artificial intelligence (AI). The nation plans to allocate a staggering $40 billion to this sector, aiming to reduce its economic reliance on oil. This initiative comes as part of a larger trend where emerging technologies are becoming a competitive field among...

The business media sphere is abuzz with the findings of a new study highlighting the remarkable ascent of Private Equity (PE) initiatives in Saudi Arabia, with the apex reaching an impressive $4 billion in the year 2023. The '2019-2023 Saudi Arabia Private Equity Report', released by the venture data authority MAGNiTT and backed by SVC, indicates a consistent upward trajectory...

The wealth of Saudi Arabia has been profoundly shaped by its oil reserves, yet as the global community grapples with climate change, the nation's oil giants are pivoting towards the burgeoning electric vehicle (EV) sector.Lucid Motors, a Newark, California-based company, announced plans to secure a $1 billion investment from Ayar Third Investment, an affiliate of the Saudi Public Investment Fund...

Luxury electric vehicle manufacturer Lucid Motors announced a substantial capital infusion of $1 billion from a Saudi Arabian Public Investment Fund (PIF) affiliate, leading to an approximately 8% surge in the company's stock value.This significant backing from the sovereign wealth fund marks a pivotal edge for Lucid in the competitive landscape of electric vehicle (EV) startups seeking financial stability.With a...

The Saudi Fund for Development (SFD) has taken a significant step forward in promoting sustainable energy in Pakistan with the signing of two pivotal agreements. The CEO of SFD, Sultan Abdulrahman Al-Marshad, and Dr. Kazim Niaz, the Secretary of Pakistan's Ministry of Economic Affairs, have inked deals that will pave the way for the creation of the Shounter and Jagran-IV...

As Saudi Arabia embarks on its ambitious economic transformation plan dubbed 'Saudi Vision 2030', it has become clear that oil revenues alone are insufficient to fund the extensive investments that the initiative demands. To propel the diversification of its economy, the Kingdom is turning to the international debt market to support its grandiose projects, including the construction of the hyper-futuristic...

At the prestigious Ritz-Carlton Moscow Hotel, PIF Managing Director Yasir bin Othman Al-Rumayyan made an appearance during the Russian-Saudi Investment Forum.In a significant development, Saudi Arabia's Public Investment Fund (PIF) is reportedly in advanced discussions with the prominent American venture capital firm Andreessen Horowitz to establish a substantial fund aimed at artificial intelligence ventures, with the goal of raising $40...

Saudi Arabia is poised to make a significant entry into the artificial intelligence sector by creating a substantial investment fund valued at $40 billion specifically for AI start-ups. This initiative marks the kingdom's strategic move to tap into a market that's already saturated with substantial investments.AI is the latest focus of Saudi Arabia's Public Investment Fund The kingdom's Public Investment...

The Saudi Public Investment Fund (PIF) has experienced a meteoric rise in the global hierarchy of sovereign wealth entities, propelled by a staggering 55 percent augmentation in its assets under management.Currently, the PIF's portfolio is valued at an impressive $925 billion, as reported by the Sovereign Wealth Fund Institute based in the United States, a substantial leap from $595.6 billion...

A substantial financial boost of US$100 million has been earmarked for Saudi Arabia's technology innovation sector, thanks to a new agreement between Gulf Capital and the Saudi Research Development and Innovation Authority (RDIA). The investment is set to energize local development and attract international tech companies to the Kingdom.The collaboration was formalized in Riyadh with the signing of a Letter...

In an ambitious push to become a key player in the field of artificial intelligence (AI), Saudi Arabia is reportedly establishing a massive investment fund. This fund, estimated to be worth around $40 billion, aims to propel the nation to the forefront of the technological revolution currently transforming global industries. Insiders who have been briefed on the plans reveal that...

The Saudi Public Investment Fund (PIF) is on a trajectory to amass an astounding $1 trillion by 2025, further cementing its status as a pivotal force in worldwide investments, with a keen focus on groundbreaking technological sectors. Under the stewardship of Crown Prince Mohammed Bin Salman, the PIF ranks as the world's fifth-largest Sovereign Wealth Fund, boasting $926 billion in...

The Public Investment Fund (PIF) of Saudi Arabia has set an ambitious target to expand its portfolio to a staggering 1 trillion dollars by 2025. In a strategic move, the nation recently augmented PIF's coffers with a $164 billion stake from Aramco, catapulting it to become the Middle East's second-largest fund.Challenging PIF's dominance is the Kuwait Investment Authority, currently the...

Recent discussions have surfaced about Saudi Arabia's massive sovereign wealth fund potentially purchasing the country's flagship carrier Saudia, according to information from insiders.The Public Investment Fund (PIF), which is responsible for managing an impressive $925 billion in assets, is considering this acquisition in line with its ambitious plans to inject capital into tourism and transportation sectors. This strategy is part...

Saudi Arabia's state-owned Public Investment Fund (PIF) is reportedly in preliminary discussions to acquire the country's premier airline, Saudia, as part of a multi-billion dollar initiative aimed at transforming the nation into a destination for tourists.The PIF is contemplating an acquisition that would incorporate the 80-year-old Saudia into its expanding aviation holdings as early as the upcoming year. Insiders, choosing...

Saudi Arabia is reportedly in the process of considering a significant change in the structure of its national airline. The kingdom is exploring the idea of transferring the ownership of Saudia, also known as Saudi Arabian Airlines, to its sovereign wealth fund, the Public Investment Fund (PIF). This information comes from two individuals who are privy to the discussions.The potential...

The sovereign wealth fund of Saudi Arabia is reportedly in preliminary discussions to acquire the nation's leading airline, as part of a broader initiative to transform the country into a global touristic hub.The Public Investment Fund (PIF) has set its sights on incorporating Saudia into its aviation holdings as early as the coming year, with plans to inject several billion...

The Saudi Venture Capital Company (SVC) has declared a substantial $30 million investment into the Olive Rock Partners Fund I. The fund is renowned for its focus on mid-market buyout opportunities, targeting companies with robust foundations in technology, regional presence, and economic stability.This move represents a critical strategic effort within SVC's fund investment program, specifically designed to bolster financing avenues...

The Public Investment Fund (PIF) of Saudi Arabia is reportedly engaged in preliminary discussions to acquire the nation's premier airline, Saudia. This move is part of a broader initiative to invest heavily in the country's emerging tourism sector.Insiders with knowledge of the situation, who preferred to remain anonymous, have indicated that the PIF may integrate Saudia, an airline with an...

The iconic Selfridges department store has found itself at the center of a high-stakes corporate drama following the financial troubles of one of its principal shareholders, sparking interest from major international investors. The insolvency of Signa, an Austrian firm led by Rene Benko that owns half of Selfridges' property company, has put its stake in the renowned retailer up for...

A consortium of representatives from various sectors within Saudi Arabia's industry and mineral resources framework took to the global stage at PDAC 2024 in Toronto, Canada, showcasing investment potentials under the banner of Invest Saudi. The Saudi presence was notably led by Eng. Abdullah Al-Shamrani, CEO of the Saudi Geological Survey, alongside key officials such as Eng. Ali Al-Amoudi, Assistant...

Saudi Arabia's National Development Fund (NDF) announces the establishment of two new venture capital funds, collectively worth $120 million, dedicated to the burgeoning gaming and esports sectors.One fund, managed by Merak Capital, boasts a value of SR300 million (approximately $80 million) and is designed to support the growth of Saudi gaming companies by creating a gaming accelerator. This initiative aims...

Saudi Venture Capital (SVC), in a notable move to bolster small and medium-sized enterprises (SMEs), has committed $30 million to Olive Rock Partners Fund I. This private equity fund targets mid-market buyouts that are demographically favorable, well-located, and armed with technological advancements. The investment agreement was formalized by SVC's CEO, Dr. Nabeel Koshak, and Olive Rock Partners' Muhannad Qubbaj. The...

Anticipation has been high among the stakeholders of tennis for a comprehensive strategy to revitalize the sport, potentially unlocking billions in revenue. Yet, with the Grand Slams' leaders delayed in presenting a cohesive plan, other key figures in tennis are stepping up to drive change.Current discussions reveal that the men's and women's professional tennis tours are in talks to secure...

Saudi Arabia's Public Investment Fund (PIF) has extended a substantial proposal of US$2 billion to amalgamate the men's and women's professional tennis tours, as per reports from The Telegraph. The ambitious plan involves merging the Association of Tennis Professionals (ATP) and Women's Tennis Association (WTA) Tours into a single entity.Andrea Gaudenzi, the chairman of ATP, reportedly relayed this offer to...