RIYADH, March 7 (Xinhua) -- Saudi Arabia has transferred 8 percent of the state-owned oil giant Saudi Aramco's shares to companies fully owned by the Public Investment Fund (PIF), as announced by Crown Prince Mohammed bin Salman Al Saud on Thursday. This transfer reduces the state's stake...
RIYADH, July 16 (Xinhua) -- The Saudi Public Investment Fund (PIF) announced on Tuesday that it would promote cooperation with Chinese companies in renewable energy localization. The PIF announced the signing of new agreements with three Chinese companies to localize in Saudi Arabia the manufacturin...
It will welcome 900 big tech companies, government entities, start-ups and participants from more than 100 countries, while attracting tens of thousands of attendees from all over the world. GITEX Africa is the largest business event launch of any industry in the Middle East and Africa...
Saudi Arabia:The Saudi Arabian Public Investment Fund(PIF)has completed its acquisition of a 23% stake in paper products company Mepco.Local press has reported that the PIF aims to enable Mepco to expand production,increase efficiency and become more sustainable.Global Gypsum Magazine Group...
FMTECH aims to drive sustainable growth and improve operational efficiency within the local facilities management sector, with a focus on driving cost-effective solutions and increasing the lifespan of properties within local real estate development projects in Saudi Arabia, said a PIF stateme...
RIYADH: Aiming to accelerate the growth of the sports sector in Saudi Arabia and the Middle East and North Africa region, the Kingdom’s Public Investment Fund has established a new sports investment company. SRJ Sports Investments Co. will focus on acqu
PIF has established90companies. PIF is building a diversified portfolio by entering into attractive and long-term investment opportunities in 13 strategic sectors in Saudi Arabia and globally. PIF's strategy, as set out in the PIF Program 2021-2025 - one of the Vision 2030 realizati...
Saudi Arabia’s Public Investment Fund (PIF), among the largest sovereign wealth funds in the world with total estimated assets of at least $500 billion, and Saudi telecommunications company STC Group have sign...
Saudi Arabia’s Public Investment Fund and the men’s professional tennis tour have agreed to a five-year partnership that includes naming rights for the ATP rankings, the latest move by the kingdom into that sport and others. The ATP already had a deal
PIF owns several strategic companies that aim to invest and develop tourism destinations across Saudi Arabia, including Aseer Investment Company (“AIC”), which aims to transform Aseer into a year-round tourism destination, as well as Saudi Downtown Company (“SDC”), mandated to bu...