LONDON: Saudi Arabia’s key wealth fund has about $300 billion in assets and its growing size is set to “improve the country’s international investment position,” a new report has found. Roughly a quarter of the Kingdom’s Public Investment Fund (PIF) holdings are overseas, with investm...
Riyadh has taken steps to try to encourage foreign firms to invest more in the country. The government in 2021, for example, said companies seeking to secure state contracts must set up their regional headquarters in Saudi Arabia. PIF has been increasing its focus on domesti...
"Our goal for this visit is to establish partnerships with Chinese companies in the construction sector to contribute to the development of our project in Riyadh." "Additionally, we aim to attract investment and promote New Murabba as an ideal destination for both Chinese businesses and tourists,...
The renown business tycoon stated in the meeting that some global investment companies are also interested in investments in Afghanistan. Hailing the Saudi Arabia's businessman for likely investment in Afghanistan, Ghani noted that Muslim countries cooperation and investment to alleviate poverty is welcom...
New Hong Kong-focused ETF gains approval in Saudi Arabia Hang Seng Investment Management is second manager to get green light as authorities push for closer ties between both markets October 30 2024 Due Diligence Public Investment Fund’s desert miragePremiumcontent ...
SAUDI ARABIA: Saudi investment firm invests in private equity fund QATAR: Qatari Islamic bank’s UK stake acquisition called off due to insufficient shareholder votes SAUDI ARABIA: Saudi insurance company appoints new committee member MALAYSIA: Malaysian digital asset exchange staking certified Shariah ...
This is another dimension of corporate control commonly found in developed and emerging nations. Studies have reported that the main target of family firms is to preserve their identity, enhance their reputations and maximise their investment [61,62]. They want to retain corporate control and influe...
In the face of such financial technology development, the Kingdom of Saudi Arabia is attempting to keep abreast by developing the sector, enabling strong investment returns for support. Financial technology firms furnish new solutions that are useful for the financial sector in enhancing operational ...
Sovereign wealth funds are investment funds controlled by a national government. The Saudis are trying to diversify away from their interest in oil, and Musk said Monday that they had already taken a stake of almost 5% in Tesla. A spokesperson for the Saudi fund declined comment on Musk's...
ACWA Power, HAU Energy achieves financial close for 1.1GW Suez Wind Farm in Egypt January 5, 2025 Saudi Electricity Company signs $3.6 billion Credit Facility Agreement December 12, 2024 Tourism PIF’s Baheej signs Investment Agreements with the Royal Commission for Yanbu Saudi Arabia Railw...