Investment

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...

At the recent Public Investment Fund’s Private Sector Forum held in Riyadh, the stc Group took a significant step to reinforce the local economy by establishing several new collaborations with domestic entities. The chairman of stc Group’s Board of Directors, Prince Mohammad Bin Khalid Al Abdullah Al-Faisal, graced the occasion with his presence during the signing of these agreements. In...

The Annual Public Investment Fund (PIF) Private Sector Forum in Riyadh concluded its second session on Wednesday, marking the end of a two-day gathering filled with rich dialogue aimed at bolstering stronger collaborations. The event, hosted at the King Abdulaziz International Conference Center, saw a significant turnout with over 8,000 participants including a host of ministers, corporate executives, and senior...

The Madinah Chamber recently hosted an esteemed visit from the French Consul General in Jeddah, Mohammed Nehad, who was accompanied by a team of delegates. They were greeted by Mazen Rajab, the Chairman of the Board, along with other distinguished board members. Their gathering centered on probing potential avenues for investment within the Madinah region, particularly zeroing in on initiatives...

The sovereign wealth fund of Saudi Arabia, known as the Public Investment Fund (PIF), initiated a bond offering to the tune of $5 billion earlier this week, as detailed by a report from IFR, a specialist in capital markets news. Boasting a portfolio management of approximately $718 billion as of the end of September, the PIF is part of a...

The Public Investment Fund (PIF) of Saudi Arabia has embarked on a groundbreaking initiative to bolster the electric motorsport industry by establishing a multi-year partnership with Electric 360, alongside Formula E, Extreme E, and E1 series. This strategic alliance is set to propel the growth of electric motorsports across the kingdom and contribute to the evolution of electric mobility. The...

The Public Investment Fund (PIF) of Saudi Arabia has broadened its involvement in electric motorsport by entering into a groundbreaking multiyear sponsorship agreement that envelops Formula E, Extreme E, and E1 powerboat racing. This marks the first instance of a single sponsor supporting this diverse range of electric racing formats. Alejandro Agag, the visionary behind Formula E, Extreme E, and...

Saudi Arabia's sovereign wealth fund, known as the Public Investment Fund (PIF), announced the issuance of a $5 billion bond on a recent Monday, as reported by a credible capital markets publication. The PIF boasts an impressive $718 billion in assets under management as of the end of September. This bond issuance is part of a broader trend this year,...

Saudi Arabia's state-owned investment engine, the Public Investment Fund (PIF), has attracted significant investor attention, receiving orders surpassing $20 billion for its recent dollar-denominated bond offering. This substantial interest was reported by IFR, a specialized capital markets publication. As of September 30, the PIF managed approximately $718 billion in assets and is now part of a broader trend of emerging...

The Saudi Public Investment Fund (PIF) has unveiled preliminary pricing guidelines for its upcoming bond offering, which is to be denominated in US dollars and segmented into three tranches. For the tranche maturing in 2029, the fund is considering a pricing spread of 150 basis points above the benchmark US Treasuries for its five-year securities, which will include a par...

The Public Investment Fund (PIF) of Saudi Arabia has signaled its intention to issue a multi-tranche bond denominated in dollars, revealing preliminary pricing details for this financial maneuver. For the upcoming five-year bonds, the preliminary price guidance is set at approximately 150 basis points above the benchmark U.S. Treasuries. The ten-year bonds are marked at around 175 basis points over...

In a bid to expand its media influence and bolster its environmental commitments, Saudi Arabia's Public Investment Fund (PIF) has invested heavily in the electric motorsports industry. This includes supporting competitions for a variety of electric vehicles such as cars, SUVs, and boats. The PIF, a sovereign wealth fund with assets worth approximately US$700 billion, has acquired significant shareholdings in...

Rajiv Jain, the founder of the Florida-based asset management company GQG, has strategically pivoted his investment portfolio towards the Middle East, accumulating a noteworthy $2.8 billion in regional company assets. This transition, occurring over the last year and a half, is a response to the Middle Eastern governments' investment-friendly policies and their ambitious initiatives to reduce reliance on oil revenue....