Friday, May 30, 2025

Saudi Public Investment Fund

Saudi Public Investment Fund’s “Ayar” intends to buy new shares in Lucid Electric Car Company

Lucid plans to offer more than 260 million shares in an IPO, in addition to about 375 million shares to its main shareholder, the Saudi Public Investment Fund. Aiar, a subsidiary of Saudi Arabia's Public Investment Fund, announced that it...

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...

The Saudi Public Investment Fund sponsors the classification of the World Association of Women’s Tennis Professionals

The Saudi Public Investment Fund is the first naming rights partner for the WTA rankings. Had won Saudi Public Investment Fund “PIF” acquired the rights to sponsor the World WTA rankings in a multi-year agreement announced on Monday. The official website...

Saudi Arabia plans to create the largest city center in the world

The new downtown area is located at the intersection of King Salman and King Khalid Roads northwest of Riyadh, covering an area of ​​19 square kilometers (12 miles), to accommodate hundreds of thousands of residents. A real estate development company...

Latest News

UAE introduces new service to verify academic degrees of private sector employees

A new digital project launched in the UAE will help verify the academic qualifications of private sector workers, authorities...

UAE: Minimum bank balance requirement of Dh5,000 suspended

The Central Bank of the UAE on Tuesday asked banks not to increase the minimum balance requirement from Dh3,000 to Dh5,000 for retail customers. The...

UAE announces Eid Al Adha holidays for public sector employees

Government employees in UAE will get a four-day weekend for Eid Al Adha this year. In a statement issued by the Federal Authority of Human...

UAE residents lost over Dh20 million in rejected Schengen visa applications in 2024

UAE residents hoping to visit Europe “wasted” a whopping Dh20.6 million (€4.93 million) in 2024 due to rejected Schengen visa applications, according to a...

Air Arabia to accept crypto payments for tickets through AE Coin

Air Arabia has become the first airline in the region to offer stablecoin-based payment. The Sharjah-based budget carrier has partnered with Al Maryah Community...