Sunday, January 26, 2025

Public Investment Fund

Saudi Tabreed prepares for an initial public offering in 2025

Saudi Arabia's Public Investment Fund acquired a 30% stake in Saudi Tabreed in 2022. The company intends to Saudi Cooling “Cooperating with Citigroup and SNB Capital to explore the possibility of an initial public offering in Riyadh,” according to a...

Saudi Public Investment Fund assets grow 29% by end of 2023

Total assets under management of the Saudi Public Investment Fund currently amount to approximately $925 billion. The total value of assets managed by the Saudi Public Investment Fund exceeded about 2.87 trillion riyals (equivalent to 765.6 billion dollars) by December...

The Saudi Public Investment Fund is interested in investing in Brazil

The Public Investment Fund’s announcement of its interest in investing in Brazil represents an important step in strengthening economic relations between the two countries and opening new horizons for cooperation in various sectors. Yasser Al-Rumayyan, Governor, expressed his opinion Public...

The Saudi Public Investment Fund issues bonds in British pounds

The Saudi Public Investment Fund authorized several banks to offer unsecured senior bonds for 5 and 15 years. Informed sources said: Saudi Public Investment Fund He decided to issue bonds in British pounds, as part of his efforts to diversify...

The Saudi Public Investment Fund focuses more on local projects

About 27% of the Public Investment Fund's assets are located outside Saudi Arabia Plan Public Investment Fund Saudi Arabia to increase annual spending to up to $70 billion, while executives at three alternative investment firms privately expressed concerns that the...

Saudi Public Investment Fund announces the launch of the “NEO” space group

Neo Space Group will focus on investing in startups and promoting technology in the space sector. The company's goal is to develop commercial activities in the Kingdom by providing innovative solutions for satellite and space services. In a step towards...

Saudi Public Investment Fund Sukuks attract $16 billion

Saudi Public Investment Fund bonds were issued at a premium of 85 basis points over US Treasury bonds. Issued Public Investment Fund Saudi Arabia, the Kingdom’s sovereign wealth fund, issued seven-year dollar-denominated sukuk worth $2 billion after attracting more than...

Saudi SABIC turns to loss in 2023

SABIC was founded in 1977, and the oil giant Saudi Aramco has owned 70% of its shares since 2020. The company's profits are closely linked to the growth of the global economy, as its products, such as plastics, fertilizers,...

Latest News

Some UAE employees no longer need salary certificate for banking services

A new partnership eliminates the need for federal employees in the UAE to provide salary certificates for banking services....

Emirates Airlines announces the resumption of its flights to Beirut and Baghdad next February

Emirates Airlines announced that Resuming its daily flights to Beirut And Baghdad, starting from February 1, 2024. The company also revealed the launch of...

Today Gold Rate in Saudi Arabia – 25th Jan 2025

Today Gold Rate in Saudi Arabia (SAR) Today Per tola is SAR 4,000.68 while 24k Per 10 Gram gold price is SAR 3,430.00. Usually...

Today Gold Rate in Qatar – 25th Jan 2025

Today Gold Rate in Qatar Today Per tola is QAR 3,889.88 while 24k Per 10 Gram gold price is QAR 3,335.00. Usually people opt...

Today Gold Rate in Oman – 25th Jan 2025

Today Gold Rate in Oman Today Per tola is OMR 409.98 while 24k Per 10 Gram gold price is OMR 351.50. Usually people opt...