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  • Saudi PIF Successfully Issues Inaugural Century Green Bond

    The total number of subscription requests exceeded $24 billion - as the bond was more than 8 times oversubscribed - divided over three tranches: the first with a value of $1.25 billion for 5-year bonds, the second with $1.25 billion for 10-year bonds, while the value of the third tranche is $500 million for 100 years.

  • Saudi Arabia’s PIF buys 34% stake in Egypt’s B. Tech for $150M

    Founded in 1997, B.TECH is an Egyptian shareholding company specializing in trading and distributing home appliances and electronics.

  • Revealed: The 13 men and women leading Saudi Arabia’s PIF, a giant $600 billion sovereign wealth fund 

    Saudi Arabia’s Public Investment Fund (PIF) is an investing giant. The fund is the powerhouse behind the country’s ambitious Vision 2030, which seeks to prepare the country for a post-hydrocarbon age by diversifying the economy away from oil and gas. The fund is the financier behind many of the kingdom’s biggest mega-projects, including the futuristic city of NEOM. Revealed here are the 13 men and women that are leading that lead this enormous investment vehicle:

  • PIF’s Jada signs MoU with Invest Seoul to boost startups, SMEs

    Fund of Funds Company, known as Jada and owned by Saudi Arabia’s Public Investment Fund, has signed a memorandum of understanding with Invest Seoul Agency to promote startups and SMEs in both countries. In a statement posted on Jada’s website, the MoU signed between the two parties seeks to exchange information on entrepreneurial policies and best practices and support startups aspiring to enter the Saudi or Korean markets.

  • Saudi Arabia PIF reportedly moves closer to stake in Starbucks franchise

    Saudi Arabia's Public Investment Fund is reportedly the favourite to buy a minority stake in the Middle East, North Africa and central Asia Starbucks franchise, currently operated by Alshaya Group

  • Saudi PIF’s SCAI to invest $776m to boost AI in Kingdom

    The Saudi Company for Artificial Intelligence has announced an investment of $776 million in a joint venture with China’s SenseTime to develop the artificial intelligence ecosystem in the nation. The announcement was made by Ayman AlRashed, CEO of SCAI, during the Global AI Summit in Riyadh on Sept.13. SCAI — wholly owned by Saudi Arabia’s Public Investment Fund — works in line with the Kingdom’s goals outlined in Vision 2030, and it aims to position Saudi Arabia as a global AI leader by supporting local firms as they get to grips with the technology.

  • Saudi PIF sets up company to develop online land registry

    The new National Real Estate Registration Services Company (RER) is intended to digitize government records of real estate ownership and to develop an online property registry to record information about all units of real estate in the country. The registry will eventually include data on residential, commercial, public, and agricultural real estate – marking geolocation data as well as ownership information.

  • Saudi Arabia’s Wealth Fund PIF to Build $412 Million Stake in Local Tourism Firm

    Saudi Arabia’s sovereign wealth fund is seeking to build $412 million stake in a local travel and tourism firm as part of efforts to diversify its investments. The Public Investment Fund signed a pact to acquire a 30% stake in Almosafer Travel & Tourism Co., a unit of Riyadh-listed Seera Group Holding, according to a statement. The investment of 1.55 billion riyals ($412 million) includes a 386 million-riyal earn-out amount.

  • Saudi Arabia’s PIF Leads Bidding for Alshaya’s Starbucks Franchise Stake

    Saudi Arabia’s sovereign wealth fund has emerged as the frontrunner to buy a minority stake in Kuwaiti conglomerate Alshaya Group’s Starbucks Corp. franchise, according to people familiar with the matter.

  • Saudi PIF-led group’s $807mln deal to acquire Zain KSA’s towers gets regulator nod

    The consortium offer will see the PIF acquiring a 60% stake, Sultan Holding Company acquiring 10%, and Prince Saud bin Fahd bin Abdulaziz acquiring 10%, Zain had said earlier. Zain KSA will own the remaining 20% stake, with the PIF having a call option to buy this remaining 20% for a specified amount.