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  • Saudi Arabian Public Investment Fund says assets surpasses 2.23 trillion riyals in 2022

    Saudi Arabia's Public Investment Fund on Sunday released its annual report for 2022, which said its assets under management (AUM) surpassed 2.23 trillion riyals ($594.43 billion). The kingdom's sovereign wealth fund reported an AUM of 1.98 trillion riyals for 2021. The PIF said it generated a total shareholders' return of 8% and established 25 companies in 2022, and locally deployed 120 billion riyals in that year in strategic sectors. The PIF said 23% of its AUM were international investments, while 68% were local investments and the remainder were treasury.

  • Saudi Arabia Public Investment Fund Reports $11 Billion Investment Loss for 2022

    Saudi Arabia’s sovereign wealth fund took an $11 billion loss on its investments last year — even as it stepped up a worldwide spending spree — after tumbling global stock and bond prices impacted its holdings. That compares with a profit on investment activities of $19 billion in 2021 as markets rallied in the wake of the coronavirus pandemic.

  • After Marathon Meeting, PGA Tour Players Appear Ready to Work With Saudi Public Investment Fund

    The PGA Tour Policy board met for more than five hours in Dearborn, Mich., Tuesday, and spent more than half of it on its looming partnership with Saudi Arabia’s Public Investment Fund, covering a range of issues from economic to procedural. In the end, it was only one day of a complicated process, but it was an important day, simply because it shows the players, and the public, that after the initial shock and grumbling from players, the Tour is where commissioner Jay Monahan hoped it would be: On the path to a business partnership with PIF.

  • Bahrain’s Mumtalakat extends McLaren group stake in purchase from Saudi Arabia’s Public Investment Fund (PIF) and Ares Management

    Bahrain's state investment fund Mumtalakat said on Thursday it has bought the senior preference shareholder stakes in McLaren Group, as part of a proposed broader restructuring. The move will expand Mumtalakat's majority stake in McLaren, which includes the British supercar maker and McLaren Racing.

  • Saudi Public Investment Fund ranks 5th with worth $620bn

    The ranking of Saudi Arabia’s Public Investment Fund (PIF) has improved from sixth to fifth place among the largest sovereign funds in the world for the first time, with assets valued at SR2.3 trillion ($620 billion). The fund’s share of the world’s sovereign wealth has increased to 6.2%, up from 5.9%, according to Arab News. Since the launch of Saudi Vision 2030 in 2016, PIF’s assets have increased in value by 308% They amounted to $152 billion at the end of 2015, it added.

  • Saudi Public Investment Fund ranks 5th with worth $620bn

    The ranking of Saudi Arabia’s Public Investment Fund (PIF) has improved from sixth to fifth place among the largest sovereign funds in the world for the first time, with assets valued at SR2.3 trillion ($620 billion). The fund’s share of the world’s sovereign wealth has increased to 6.2%, up from 5.9%, according to Arab News. Since the launch of Saudi Vision 2030 in 2016, PIF’s assets have increased in value by 308% They amounted to $152 billion at the end of 2015, it added.

  • Saudi’s Public Investment Fund manages $650bln in assets

    From $150 billion of assets in 2015, Public Investment Fund (PIF) now manage around $650 billion of assets, the fund governor said. Yasir Al-Rumayyan said the fund wants to increase the value of its assets to $1 trillion in 2025 and between $2-3 trillion by 2030. He made these remarks during the Global PRIORITY Summit, organized by the Future Investment Initiative (FII) Institute and launched on Thursday in Miami with the participation of around 80 leading figures from all over the world to discuss the major priorities of all segments of society during the current global circumstances.

  • BILLIONS: Saudi Public Investment Fund Bets on Green Hydrogen

    The International Energy Agency (IEA) believes that globally 520 million tonnes of hydrogen will be needed to achieve net-zero targets by 2050. A lot of equipment and electrolysers will be needed for such an undertaking. Hydrogen electrolysers are devices that use electricity to split water into hydrogen and oxygen. On March 1, 2023, Marubeni Corporation signed a Memorandum of Understanding (MoU) with Saudi Arabia’s Public Investment Fund (PIF) to set out a framework for the development of a clean hydrogen project in Saudi Arabia. Under the framework of this MoU, Marubeni and PIF will initially conduct a feasibility study for producing clean hydrogen in Saudi Arabia, with the aim to supply clean hydrogen to both domestic and international markets. Green hydrogen is produced with an electrolyzer using electricity generated from renewable energy. It is extracted from water which is decomposed into hydrogen and oxygen in the electrolyzer. Blue and grey hydrogen are produced from natural gas. PIF is playing a critical role in advancing Saudi Arabia’s economic transformation as well as diversification, and is actively developing projects which will help the country achieve its net-zero GHG emissions target by 2060.

  • Saudi Public Investment Fund acquires shares in Amazon, Google, Uber

    Many of the aforementioned investments are in industries the Public Investment Fund has shown an interest in previously, such as video games. The fund purchased a 5% stake in Japanese video game giant Nintendo earlier this year. In January, the Public Investment Fund announced the creation of a competitive video games group.

  • Saudi Arabia’s Public Investment Fund Acquires $1 Billion Stake In Embracer Group

    Following a series of video game company acquisitions made by Saudi Arabia's Public Investment Fund recently, the state-run wealth fund has now spent $1.05 billion to purchase an 8.1% stake in Embracer Group. That stake will make the PIF's Savvy Gaming Group the second-largest shareholder in Embracer, according to Bloomberg. This follows recent investments by the PIF and its subsidiaries in gaming companies such as Capcom (5%), SNK (96%), and Nintendo (5%).