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  • Saudi Arabia Wealth Fund PIF Nears Refinance Deal to Boost $11 Billion Loan

    Saudi Arabia’s sovereign wealth fund is close to refinancing an $11 billion loan and significantly increasing the size of the borrowing, according to people familiar with the matter. The Public Investment Fund will use the bulk of the potentially bigger loan to refinance debt that’s due to mature next year, the people said, asking not to be identified because the matter is private. Final terms have yet to be agreed, the people said.

  • Saudi Arabia’s PIF launches real estate registration services company to digitize sector

    Saudi Arabia's sovereign wealth fund, the Public Investment Fund, has launched a company that aims to digitise and develop the local real estate sector through a comprehensive digital platform. The National Real Estate Registration Services Company (RER) will work with the Real Estate General Authority and other government entities to build a comprehensive real estate registration database covering data on property units in Saudi Arabia, PIF said in a statement on Sunday.

  • Saudi Arabia PIF ownership question – Newcastle United fan gives perfect answer

    However, if they suddenly developed a dislike for the Saudi government when the PIF took over NUFC, then they are arrivistes and they can carry on shouting into the void. Finally, if our critics want to see change, then maybe the KSA’s relationship with the biggest sporting competition on the planet is a good thing.

  • The Saudi PIF’s big US stocks spending spree – The 966

    Saudi Arabia’s Public Investment Fund (PIF) bought shares in Alphabet, Zoom Video, and Microsoft this week as part of a wider pick of U.S. stocks, bringing the market value of the sovereign wealth fund’s investment portfolio to about $40.8 billion at the end of the second quarter, Reuters reports.

  • Saudi PIF buys shares in Alphabet, Zoom and Microsoft in U.S. shopping spree

    Saudi Arabia’s Public Investment Fund (PIF) bought shares in Alphabet (GOOGL.O), Zoom Video (ZM.O) and Microsoft (MSFT.O) as part of a wider pick of U.S. stocks, bringing the market value of the sovereign wealth fund's investment portfolio to about $40.8 billion at the end of the second quarter. The PIF acquired 213,000 class A shares in Alphabet, 4.7 million class A shares in Zoom and 1.8 million shares in Microsoft, a U.S. Securities and Exchange Commission filing showed.

  • Saudi Arabia’s PIF, Cain invest $900 mln in hotelier Aman Group

    Saud Arabia's Public Investment Fund (PIF) and London-based real estate investment firm Cain International said on Monday they had invested $900 million in luxury hotel group Aman, which Cain said valued Aman at $3 billion. The PIF and Cain said, in separate announcements, the investment would support Aman Group's "global expansion of ultra-luxury hotels and branded residences." Cain said the funds would also be used to enhance existing properties and support the acquisition and development of new locations.

  • Saudi PIF buys shares in Alphabet, Zoom and Microsoft in U.S. shopping spree

    Saudi Arabia’s Public Investment Fund (PIF) bought shares in Alphabet (GOOGL.O), Zoom Video (ZM.O) and Microsoft (MSFT.O) as part of a wider pick of U.S. stocks, bringing the market value of the sovereign wealth fund's investment portfolio to about $40.8 billion at the end of the second quarter.

  • Saudi PIF buys shares in Alphabet, Zoom and Microsoft in U.S. shopping spree

    Saudi Arabia’s Public Investment Fund (PIF) bought shares in Alphabet (GOOGL.O), Zoom Video (ZM.O) and Microsoft (MSFT.O) as part of a wider pick of U.S. stocks, bringing the market value of the sovereign wealth fund's investment portfolio to about $40.8 billion at the end of the second quarter.

  • Saudi PIF-backed SEIC acquires stake in 4 Egyptian companies for $1.3 billion

    SEIC was set up to prioritize investment in Egypt’s promising sectors like infrastructure, real estate development, healthcare, financial services, food, agriculture, manufacturing, and pharmaceuticals. The agency will also help improve PIF and its portfolio companies’ access to the country, diversify the kingdom’s economy, and maximize the Fund’s assets.

  • Lucid Says Saudi Arabia’s PIF Was Supportive as Supply Crunch Hit

    Saudi Arabia’s Public Investment Fund, which owns just over 60% of the luxury electric-vehicle group, understands the challenges around supply chain issues and costs, said Faisal Sultan, managing director of global operations at Lucid. The company is not seeing pressure from investors.