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  • Saudi Arabia’s Wealth Fund PIF Weighs Stake in Thyssenkrupp’s Hydrogen Unit

    Saudi Arabia’s Public Investment Fund is considering buying a stake in Thyssenkrupp AG’s hydrogen unit as the oil-rich kingdom pivots to greener forms of energy production, people familiar with the matter said. The sovereign wealth fund is in the early stages of studying a potential investment in the engineering conglomerate’s Nucera business, the people said, asking not to be identified discussing confidential information.

  • Saudi Cabinet approves agreement on investments by PIF in Egypt – state media

    The Saudi Cabinet approved an agreement signed with Egypt on investments by the kingdom's Public Investments Fund in Egypt. The two Arab counties signed an agreement on March 30 to support and encourage investments in Egypt by the Saudi sovereign wealth fund.

  • Big PIF spend to push Saudi construction market to pre-Covid levels

    With the Saudi sovereign wealth fund Public Investment Fund (PIF) pushing for more projects spurred by improved macroeconomic fundamentals and the uptick in contract awards over five consecutive quarters, industry experts believe the kingdom's construction market will soon be back to its pre-pandemic levels this year,

  • PIF Spurs Venture Capital and Real Estate Growth in Saudi Arabia

    This week, the Ministry of Investment (MISA) teamed up with PIF subsidiary Jada Fund of Funds to bolster local startups and back the “Catalyse Saudi” economic diversification drive. “Catalyse Saudi” seeks to engage foreign investors with Saudi entrepreneurs. The initiative forms part of Vision 2030’s aim to increase SME contribution to GDP from 21% to 35% by 2030. Last year PIF backed NBK Capital Partners’ first closing of its targeted $300 million Shariah Credit Fund, which is its first venture capital and third private credit vehicle and will support medium-sized businesses with an operating profit of US$5 million to US$100 million.

  • PIF Spurs Venture Capital and Real Estate Growth in Saudi Arabia

    This week, the Ministry of Investment (MISA) teamed up with PIF subsidiary Jada Fund of Funds to bolster local startups and back the “Catalyse Saudi” economic diversification drive. “Catalyse Saudi” seeks to engage foreign investors with Saudi entrepreneurs. The initiative forms part of Vision 2030’s aim to increase SME contribution to GDP from 21% to 35% by 2030. Last year PIF backed NBK Capital Partners’ first closing of its targeted $300 million Shariah Credit Fund, which is its first venture capital and third private credit vehicle and will support medium-sized businesses with an operating profit of US$5 million to US$100 million.

  • Saudi PIF rule out superstar signings as surprise summer transfer budget is made public – Report

    As a result, The Telegraph reveal that our new owners ‘laughed off’ links with a £200m move for Neymar last week, insisting that the transfer budget sanction by the Saudi PIF is nothing like what some have reported. The report also states that we want to ‘evolve into one of the top sides in England’, not spend huge sums at every opportunity in a bid to become a contender overnight.

  • Saudi Arabia’s Ministry of Investment and PIF-backed Jada partner to support start-ups

    Catalyse Saudi will host a series of events, the first of which will take place this month in Jeddah and Riyadh under the theme of disruptive technology. The events will bring foreign and Saudi entrepreneurs and investors together for networking, learning and engagement opportunities, the ministry and the fund said in a joint statement.

  • Saudi sovereign fund PIF opens London, NY and Hong Kong offices

    The Public Investment Fund, Saudi Arabia's sovereign wealth fund, said on Thursday it has opened three new subsidiary companies' offices in London, New York and Hong Kong, as the $500 billion fund looks overseas for growth. "The moves are in line with PIF's continued expansion and will assist in the Fund's future international growth," it said in a statement. The PIF is at the centre of Saudi Arabia's plans to transform the economy by creating new sectors and diversifying revenues away from oil.

  • How Giant Saudi Fund PIF Is Building a Post-Oil Future

    Saudi Arabia’s sovereign wealth fund has been transforming almost as quickly as the country itself. In 2015, the Public Investment Fund, or PIF as it’s widely known, was a sleepy holding company for government investments that hardly anyone outside the kingdom had heard of. Now it’s closing in on $1 trillion in assets as it snaps up everything from soccer clubs to electric carmakers and bankrolls new cities in the desert. The shift underscores the urgency of its mission: to prepare the world’s biggest crude-exporting nation for a post-oil future.

  • Saudi PIF held nearly $56 billion of U.S.-listed stocks in December 2021

    Saudi sovereign wealth fund PIF held nearly $56 billion worth of U.S.-listed stocks as of December last year, up from $43.4 billion at the end of September, boosted by the increased value of electric car maker Lucid, it said in a U.S. regulatory filing. The fund's Lucid holdings were valued at $38.6 billion as of December, up from $25.8 billion at the end of September, the filing showed.