Investment

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...

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...