You Searched For "saudi PIF" and got 20 results
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2 mins read
Saudi Arabia is pulling back on a global spending spree to focus on its own projects
Saudi Arabia's Public Investment Fund chief said the kingdom is changing its relationship with fore…
Polly Thompson
3 mins read
Saudi Arabia spent years investing in global tech firms. Its domestic AI push hopes they'll return the favor.
The kingdom is looking to companies overseas to help it meet its AI ambitions at home after years o…
Hasan Chowdhury
5 mins read
Saudi Arabia is on a high-stakes mission to buy the world
The Kingdom's sovereign wealth fund has risen in prominence as it has invested in everything from U…
Hasan Chowdhury
3 mins read
Saudi Arabia just stepped up plans to court the world's AI leaders to its desert kingdom
The Middle East kingdom is betting big on AI as it races against the clock to diversify its economy…
Hasan Chowdhury
2 mins read
Saudi Arabia to raise $12 billion by selling more shares in Saudi Aramco amid Neom struggles
The sale comes amid Saudi Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify the king…
Polly Thompson
1 min read
Saudi Arabia is reportedly trying to plug a $21 billion deficit by selling bonds
Riyadh is pressing ahead with massive spending projects as part of its Vision 2030 economic transfo…
George Glover
1 min read
Saudi Arabia's $500 billion Neom megacity is reportedly seeking new sources of cash
Developers of the Saudi desert megacity are set to issue bonds for the first time, Bloomberg report…
George Glover
2 mins read
Saudi Arabia's sovereign wealth fund has made a fortune on Lucid Motors — but missed out on another windfall by selling Tesla stock
The country's Public Investment Fund owns Lucid stock worth $46 billion, but dumped Tesla stock tha…
Theron Mohamed
2 mins read
Saudi Arabia's futuristic $500 billion Neom megacity just got a lot smaller ... for now, report says
The Neom megacity is part of Saudi Crown Prince Mohammed bin Salman's Vision 2030 plan to diversify…
Nathan Rennolds
2 mins read
Saudi Arabia's futuristic megaprojects are so expensive that even its oil riches may not be enough
Saudi Arabia is starting to sell debt again and offload more Aramco shares to help fund projects su…
Tom Porter,Hasan Chowdhury
2 mins read
US lawmakers question the loyalties of McKinsey and other big American consulting firms over their work in Saudi Arabia
McKinsey and other American consulting firms testified before Congress this week for refusing to sh…
Lakshmi Varanasi
2 mins read
Saudi-backed $2 billion health firm Babylon is selling its Canada operations as part of a $70 million licensing deal
Babylon originally partnered with Telus in 2019 to offer virtual appointments with doctors via its …
Shona Ghosh
1 min read
Saudi Arabia's $400 billion sovereign wealth fund reveals billion-dollar stakes in video game stocks, and almost doubled its holdings of US equities in the 4th-quarter
The kingdom's Public Investment Fund bought a $1.06 billion stake in Electronic Arts and a $1.4 bil…
Shalini Nagarajan
2 mins read
Churchill Capital Corp IV rockets 20% as rumors of Lucid Motors merger fuel sustained rally
Churchill Capital Corp IV continues to surge on news of a potential merger with Lucid Motors, thoug…
Will Daniel
1 min read
Saudi Arabia's wealth fund plans to raise $7 billion to plow into new investments, report says
The fund seeks to diversify Saudi Arabia's economy away from oil by switching up its investment pri…
Shalini Nagarajan
2 mins read
Reliance gets $1.5 billion from Saudi for Jio even as the $15 billion Aramco deal waits in the wings
“We believe that the potential of the Indian digital economy is very exciting and that…
4 mins read
Mukesh Ambani cashes in yet another cheque from PIF — Saudi Arabia’s sovereign fund to invest $1.3 billion in Reliance Retail
Reliance Retail has raised $1.3 billion from Saudi Arabia’s sovereign fund – Public Investment Fund…
2 mins read
Saudi Arabia's $300 billion wealth fund ditched Facebook, Disney, and Boeing stocks, and poured billions into ETFs in the second quarter
The state-backed Public Investment Fund exited its investments in major US corporates such as Boein…
Shalini Nagarajan
3 mins read
The wildest demand Saudi Arabia made as part of its potential investment (takeover?) in the PGA Tour: get LIV Golf's Saudi boss a Masters green jacket
Congress grilled the PGA Tour about its bid to join forces with LIV Golf and accept Saudi Arabian i…
Cork Gaines
1 min read
Saudi Arabia's stake in Lucid dropped in value more than $50 billion as the EV startup struggles, report says
Saudi Arabia's 60% stake in Lucid was worth more than $55B shortly after the EV startup went public…