Friday, May 23, 2025

Public Investment Fund

Saudi Arabia’s Public Investment Fund issues 7-year dollar-denominated sukuk

Saudi Arabia's Public Investment Fund is heading to the international bond market for the second time this year. It started Saudi Public Investment Fund PIF recently took practical steps to expand its international financing channels, as it began receiving bids...

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

UAE travel for Hajj, Eid Al Adha: Emirates announces 46 special flights

For this year's Hajj season, Emirates announced 33 special flights to Jeddah and Madinah operating until May 31, and...

India implements stricter rules for gold, silver imports from UAE

India’s recent restrictions on importing precious metals like gold and silver from the UAE in unwrought, semi-manufactured, and powdered forms are set to reshape...

UAE: No Schengen visa appointments until August; residents told to rethink summer plans

Planning to travel to Europe to enjoy the cooler climes this summer vacation? If you haven't applied for a Schengen visa yet, you should...

Qatar announces 5-day Eid Al Adha holiday for 2025

Qatar has announced a five-day holiday for Eid Al Adha this year. In the Gulf nation, public holidays for the festival will begin on the...

Dubai: Parkin launches parking subscriptions from Dh300

Dubai: Parkin, Dubai’s public parking operator, has announced that parking subscriptions are now available across all areas it manages. The update was shared via...