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  • Morocco seeks Saudi financial support for its investment fund

    The Moroccan economy is expected to slow to 1.5% this year from 7.9% last year on the back of drought and imported inflationary pressures. "We invite relevant bodies in Saudi Arabia to support Morocco's large-scale reforms and priority development projects," Foreign Ninister Nasser Bourita said at the opening session of a joint Moroccan-Saudi committee on bilateral cooperation.

  • The Saudi investment king who no longer rules alone

    Alwaleed, 67, had long kept a tight grip on Kingdom's shares, owning all but 5% traded on the Saudi stock market until PIF purchased a 16.87% stake for $1.5 billion last month. The deal came more than four years after Prince Alwaleed was swept up in an anti-corruption drive ordered by the Crown Prince and held for nearly three months at Riyadh's Ritz-Carlton along with scores of royals, senior officials and businessmen.

  • Investment Highlights-Q1 2022

    Saudi Arabia’s economy reports 101 closed investment deals worth more than $4 billion in Q1 2022 In this 12th edition of ''Investment Highlights'', we explore a record-breaking quarter for investors in Saudi Arabia. The report highlights the signing of 101 investment deals, 57 of which had disclosed investment amounts, during Q1 2022. The deals overseen by MISA are expected to drive investments worth more than $4 billion and create 5,816 new jobs in the local economy.

  • Investment Highlights-Q1 2022

    Saudi Arabia’s economy reports 101 closed investment deals worth more than $4 billion in Q1 2022 In this 12th edition of ''Investment Highlights'', we explore a record-breaking quarter for investors in Saudi Arabia. The report highlights the signing of 101 investment deals, 57 of which had disclosed investment amounts, during Q1 2022. The deals overseen by MISA are expected to drive investments worth more than $4 billion and create 5,816 new jobs in the local economy.

  • Saudi IT firm MIS to launch $266m investment fund with Al Rajhi Financial 

    Al Moammar Information Systems Co. has closed a deal with Al Rajhi Financial Co. to set up a SR1-billion ($266 million) Shariah-compliant investment fund. The special investment fund will be used to finance digital and technical infrastructure projects as well as medical equipment in Saudi Arabia, a bourse filing revealed.

  • 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%).

  • New Saudi Investment in the Electric Car Sector

    Saudi Arabia's Abdul Latif Jameel Group has signed an agreement with India's Greaves Electric Mobility, the electric vehicle arm of the engineering firm Greaves Cotton, to invest SAR 825 million ($220 million) in the company.

  • House panel investigating Jared Kushner over Saudi investment with private firm

    The House Committee on Oversight and Reform on Thursday announced a probe into an investment by the government of Saudi Arabia into a private investment firm managed by Jared Kushner, the son-in-law of former president Trump.

  • Sky’s the limit, says Saudi Investments Min. Al Falih

    Some 59 Saudi companies and 70-80 representatives of the business community have come to Greece, as well as about 30 people from the public sector of Saudi Arabia, he noted.

  • Saudi shipyard expects $4.6bln industrial investment

    Two projects for the production of steel and drilling machinery with a combined value of around $4.6 billion are expected to be set up at the King Salman Global Maritime Industries Complex, an official was quoted on Monday as saying. Abdullah Al-Ahmari, CEO of the International Maritime Industries Company (IMIC), which is building the Complex, said the steel plates plant could cost nearly $2.6 billion while investments in the other factory are estimated at $2 billion.