RIYADH, Jan. 30 (Xinhua) -- Chinese private equity fund MSA Capital and the Saudi Ministry of Investment signed a memorandum of understanding (MoU) to bolster investment cooperation and foster innovation in key sectors in Saudi Arabia. Formalized by Khalid Al-Falih, Saudi Investment Minister and ...
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...
Is Elon Musk taking Tesla private? Elon Musk, who tweeted last week that he had "funding secured" to take Tesla private, says he was referring to conversations he had with the Saudi sovereign wealth fund. In a blog post early Monday, the Tesla CEO wrote that the Saudi fund had ...
Saudi Arabia's sovereign wealth fund the PIF announced that it would be an anchor investor in Brookfield's new $2 billion Middle East-focused private equity fund, while PIF-owned Riyadh Air said that it was ordering 60 Airbus A321 narrow-body jets. ...
Zain Saudi Arabia: advising on the carve-out and sale of a majority state in tower infrastructure to the Public Investment Fund and others. Saudi Telecom Company (stc) and ESM Holdings Limited: advising on the SAR 450m sale of 100% shares in Contact Center Company, a premier provider of ...
He added that the Saudi Arabia Public Investment Fund (PIF) has already made strides by signing a significant agreement with the Shenzhen Stock Exchange in July this year, and Saudi company Ajlan & Bros is engaged in log...
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Saudi Arabia’s Private Investment Fund (PIF)formed the LIV Golf tour and put money into soccer, for example, and the kingdom’s role in tennis has been rising. The ATP Tour moved its Next Gen Finals for leading 21-and-under players to Jedda in November; the...
The Public Investment Fund (PIF) of Saudi Arabia was established in 1971 and is that nation's sovereign wealth fund. It provides financing for productive commercial projects that are strategically significant to the development of the Saudi Arabian economy. The fund complements private sector efforts ...
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