Badael aims to address the negative impact that smoking has on the well-being of the Saudi population. The Company’s products are expected to help nearly one million people switch from smoking by 2032, representing approximately 25% of all smokers in Saudi Arabia. This has the potent...
PIF has also made other significant investments in the future of mobility, including establishing Ceer, Saudi Arabia’s first national electric vehicle brand, as well as investing in Lucid Motors, which recently officially opened its first international manufacturing plant in Saudi Arabia....
RIYADH, April 25 (Xinhua) -- Saudi Arabia announced on Thursday that the total assets managed by the Public Investment Fund (PIF) reached 2.81 trillion Saudi Riyals (about 749.2 billion U.S. dollars) in 2023, solidifying its role as a key driver of the kingdom's economic development. Acco...
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...
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...
Saudia Technic into a national MRO champion by investing in infrastructure, boosting efficiency and capturing market growth in Saudi Arabia over the next decade. Saudia Technic’s ambition is to become the MRO of choice for domestic airlines and global partners seeking access to the Saudi market...
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...
The PIF announced the signing of new agreements with three Chinese companies to localize in Saudi Arabia the manufacturing and assembly of equipment and components needed for solar and wind power, the fund said in a statement. The Renewable Energy Localization Company (RELC), a wholly-owned PIF ...
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 is a Platinum Partner of the ATP tour, the official naming partner of the ATP Rankings, and a Premier sponsor of the BNP Paribas ...
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