Investment

The Jada Fund of Funds, a branch of the Saudi Public Investment Fund, is channeling 1 billion Saudi riyals (approximately $266 million) into a venture debt fund to propel the growth of this financial sector within the kingdom. This move signifies Jada's inaugural foray into venture debt and its sophomore venture in the broader private credit landscape.Partners for Growth VII,...

Jada Fund of Funds, supported by Saudi Arabia's Public Investment Fund (PIF), recently made a groundbreaking move by investing in a US-based fund that specializes in providing venture debt to tech and innovation entrepreneurs. This marks Jada's inaugural foray into the venture debt arena and its second engagement within the realm of private credit.Further solidifying its investment presence, this initiative...

A subsidiary of the Saudi Public Investment Fund (PIF) has taken a significant step in the venture debt space by allocating funds to a portfolio managed by Partners for Growth (PFG), with the fund's assets under management reaching the $1 billion mark. The initiative signifies the Jada Fund of Fund's second incursion into the realm of private credit, with the...

Marking a strategic expansion in the realm of venture debt, the Jada Fund of Funds, a branch of the Saudi Public Investment Fund (PIF), has made a substantial investment in Partners for Growth (PFG), which oversees approximately SR3.75 billion ($1 billion) in assets.This pivotal step is anticipated to bolster the venture debt landscape within the Kingdom, as indicated by a...

The Public Investment Fund (PIF) of Saudi Arabia has undergone a substantial increase in total assets, with a rise of $163.6 billion, culminating in a new total of $940.26 billion, as per the latest figures released by the Sovereign Wealth Fund Institute. This impressive uptick in asset value is largely due to Saudi Arabia endowing PIF with an 8% share...

The Public Investment Fund (PIF) of Saudi Arabia has achieved a significant position, ranking fifth among state-owned investment entities with a total asset value surpassing $940 billion. This achievement highlights the country's dedication to diversifying its economy and making strategic investment decisions, thereby establishing the PIF as a formidable entity in the international financial arena. As per the Sovereign Wealth...

The Jada Fund of Funds, operating under the umbrella of Saudi Arabia's Public Investment Fund, has allocated 3.75 billion riyals (US$1 billion) towards investments and recently participated in the Partners for Growth VII fund, which is administered by Partners for Growth, a private credit firm located in San Francisco, California. The investment demonstrates Jada's commitment to nurturing small- and medium-sized...

The Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, has witnessed a remarkable increase in its net assets, now valued at $940.26 billion. This growth positions it as the fifth largest state-owned investment organization globally.An analysis from the US-based Sovereign Wealth Fund Institute reveals that PIF's assets have experienced a $163.6 billion increase. The institute anticipates that PIF will...

In the wake of a significant transfer of shares by the Saudi government, the kingdom's sovereign wealth fund is poised to reap approximately $5 billion in quarterly dividends from its investment in the state-owned oil behemoth, Aramco. This substantial income stream follows Aramco's announcement of an increased dividend payout to its shareholders.The Public Investment Fund (PIF), which is how the...

The Kingdom of Saudi Arabia has reallocated an 8% stake of its premier oil establishment, Aramco, to its sovereign wealth fund, known as the Private Investment Fund (PIF). This strategic move is part of a broader initiative to revamp the nation's financial structure and invigorate capital investment to expand its economic base beyond the oil sector.Subsequent to this reallocation, the...

The Saudi Arabian wealth fund has recently fortified its investment portfolio with a significant acquisition of shares from one of the world's leading oil companies. With the completion of an 8% share transfer from state ownership to the Public Investment Fund's (PIF) fully owned subsidiaries, the nation's direct stake in Saudi Aramco now stands at 82.186%. This strategic move is...

The business landscape in the United Arab Emirates is witnessing a significant development as Saudi Arabia's Crown Prince has authorized the transfer of an additional 8% stake in the national oil behemoth, Saudi Aramco, to the nation's principal sovereign wealth fund. Valued at approximately $160 billion, this move is part of a broader strategy to diversify the kingdom's economy beyond...

Saudi Arabia has made a significant move by allocating a stake worth $163 billion from its national oil company, Aramco, to the country's sovereign wealth fund, known as the Public Investment Fund (PIF). This action is part of a strategic effort to amplify the fund's capacity to support initiatives aimed at rejuvenating the nation's economy.This latest allocation represents an 8...

In a significant move by Saudi Arabia, an 8% stake in the state oil company, Aramco, was transferred to the nation's Public Investment Fund (PIF), marking a strategic repositioning of assets designed to strengthen the sovereign wealth fund. This transfer comes in anticipation of a potential public offering in Aramco and is valued at approximately $163.6 billion, based on Aramco's...

The sovereign wealth funds of Saudi Arabia and Bahrain have penned a Memorandum of Understanding (MoU) to amplify cooperation and investment across pivotal sectors.This pact is designed to broaden collaborative efforts and pave the way for new and lucrative investment ventures in Bahrain, as announced by the Public Investment Fund (PIF) of Saudi Arabia and Mumtalakat, the investment arm of...

The sovereign wealth entities of Saudi Arabia and Bahrain have inked a memorandum of understanding (MoU), establishing a framework to foster investment cooperation and explore new, promising investment opportunities within Bahrain. The partnership, formed between the Public Investment Fund (PIF) and Mumtalakat Holding Company, promises to cultivate strategic partnerships and bolster economic diversification in both nations. Under the terms of...

In a significant development for the business media sector, the sovereign wealth funds from Saudi Arabia and Bahrain have inked a memorandum of understanding (MoU). The aim is to foster investment collaboration and target strategic industry sectors, as was broadcasted by Saudi state television.The Public Investment Fund (PIF) of Saudi Arabia communicated that the MoU is set to enlarge its...

The Saudi Minister of Tourism, Ahmed bin Aqeel Al-Khateeb, recently announced the introduction of the Tourism Investment Enablers Program, a scheme aimed at improving business processes and increasing the allure of investment for national and international stakeholders.In partnership with the Ministry of Investment, the Tourism Ministry has launched the Hospitality Sector Investment Enablers Initiative. This project's mission is to enrich...

According to insights from financial analysts at Morgan Stanley, Saudi Arabia's state-owned Public Investment Fund (PIF) is poised to escalate its borrowing efforts after successfully securing $7 billion through two bond issues earlier this year.The wealth fund, which oversees assets exceeding $700 billion, is participating in a wave of bond issuances by emerging-market nations, a movement that has reached unprecedented...

The Public Investment Fund (PIF) of Saudi Arabia has recently issued Islamic bonds, known as sukuk, with a total value of $2 billion. These bonds, with a 7-year term, are denominated in U.S. dollars.The issuance was priced at a competitive 85 basis points above U.S. Treasuries. This pricing came in narrower than the initial guidance, which was set at 115...

Saudi Arabia's Public Investment Fund (PIF) has recently fine-tuned the yield for its seven-year, dollar-denominated sukuk securities. The yield is now established at 85 basis points over US Treasuries, marking a decrease from the preliminary guidance of 115 basis points that was set earlier.This adjustment reflects the robust interest from investors, with the fund witnessing orders that soared past $17...

The Qatar Investment Authority (QIA) has unveiled a new strategic move in the investment landscape: the creation of a venture capital 'fund of funds' with a financial commitment of $1 billion. This capital infusion was announced at a major tech event, with the purpose of inviting international and regional venture capital funds to partake in the economic growth of Qatar...

The Qatar Investment Authority (QIA) has unveiled plans to roll out a new venture capital fund of funds, committing up to $1 billion to back international and regional venture capital entities. The announcement was made during the esteemed Web Summit. Targeting to lure venture capital firms and burgeoning startups to both Qatar and the broader Gulf Cooperation Council (GCC) region,...

The Saudi Arabian Public Investment Fund (PIF) has successfully finalized an acquisition of a significant ownership stake in Zamil Offshore Services Company, a leading offshore support vessel operator and construction service provider based in Saudi Arabia. The sovereign wealth fund now holds a 40% share of the total issued capital of the enterprise.The strategic move by PIF is intended to...

As Saudi Arabia's economy continues to demonstrate robust growth, it is attracting increasing interest from investors worldwide. A J.P. Morgan senior official has indicated strong confidence in the Kingdom's investment environment, particularly within its equity and debt markets.During the Saudi Capital Market Forum in Riyadh, Omar El-Amine, the head of Investment Banking for J.P. Morgan in Saudi Arabia, provided valuable...

The Public Investment Fund (PIF), Saudi Arabia's sovereign wealth entity, has made a significant move by acquiring a 40% ownership in Zamil Offshore Services Company, a leading operator and construction service provider for offshore support vessels in the Kingdom. The investment is part of PIF's ongoing strategy to bolster the energy sector and support the diversification of domestic resources.Zamil Offshore,...

The Saudi Arabian marine support industry is set to receive a significant push forward with Zamil Offshore Co. announcing a newfound partnership with the Public Investment Fund (PIF). PIF has procured a 40% stake in the prominent offshore support vessel operator based in the Kingdom, signaling a boost for fleet expansion and service diversification. In an official communication, PIF disclosed...

A prominent American investment company, Apollo Global Management Inc., together with the Saudi Arabian sovereign wealth fund, Public Investment Fund (PIF), have shown keen interest in acquiring part of the extensive coffee shop network presently franchised by a leading Kuwaiti firm.Engaged in advanced discussions, the Alshaya Group is contemplating the divestiture of a minority interest in its lucrative Middle Eastern...

MSA Capital, a Chinese venture capital enterprise with financial backing from Saudi Arabia's Public Investment Fund subsidiary, is gearing up to amass a $1 billion fund. This substantial capital will be channeled into financing burgeoning technology startups across the Middle East, as per a recent report from Bloomberg News.The initiative is expected to kick off by the year 2024, with...

In a strategic move to bolster its finances, Saudi Arabia is preparing to release additional shares of its state-owned oil behemoth, Aramco, according to sources privy to the development. This action is set to fortify the nation's push to diversify its economy beyond the oil sector.Insiders indicate that financial titans Citigroup, Goldman Sachs, and HSBC have been appointed to manage...