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Saudi PIF, STC Group likely to bid for Spanish Cellnex's Austrian unit

TMT

25 April, 2024

Saudi PIF, STC Group likely to bid for Spanish Cellnex's Austrian unit

Saudi Arabia's STC Group and sovereign fund PIF may bid for the Austrian unit of Spanish mobile phone tower operator Cellnex, ......

Saudi Arabia's PIF hits $749 bn in assets under management

Finance

25 April, 2024

Saudi Arabia's PIF hits $749 bn in assets under management

Saudi Arabian sovereign wealth fund PIF's managed assets reached 2.81 trillion riyals ($749.2 billion) in 2023, state news agency SPA ......

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Saudi multi-asset investor Artal Capital hits first close of PE fund

Finance

23 April, 2024

Saudi multi-asset investor Artal Capital hits first close of PE fund

Artal Capital, a Riyadh-based multi-asset investment firm, has marked the first close of its mid-market-focused private equity fund to back ......

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Saudi SWF Public Investment Fund strikes first 2024 bet in MENA paper industry

Manufacturing

04 January, 2024

Saudi SWF Public Investment Fund strikes first 2024 bet in MENA paper industry

Saudi Arabia’s sovereign investor Public Investment Fund (PIF) has struck a bet for minority stake in a paper manufacturing and ......

Saudi PIF-owned Savvy buys gaming firm for $4.9 bn; STV fund gets LP cheque

TMT

07 April, 2023

Saudi PIF-owned Savvy buys gaming firm for $4.9 bn; STV fund gets LP cheque

Funding activity in the Gulf region remained subdued in the first week of April with only a handful of companies ......

Grapevine: Saudi's PIF to invest in RIL InvIT; Lexington may buy IL&FS education arm

General

21 August, 2020

Grapevine: Saudi's PIF to invest in RIL InvIT; Lexington may buy IL&FS education arm

Saudi Arabia’s Public Investment Fund (PIF) has initiated discussions to invest up to $1 billion (Rs 7,495 crore) in Reliance ......

Saudi PIF eyeing stake in LaLiga, Bundesliga streamer DAZN

TMT

07 October, 2024

Saudi PIF eyeing stake in LaLiga, Bundesliga streamer DAZN

Saudi Arabia's Public Investment Fund is among potential bidders exploring the purchase of a minority stake worth around $1 billion ......

Saudi PIF-backed Dussur sells stake in JV to GE Vernova

Manufacturing

03 September, 2024

Saudi PIF-backed Dussur sells stake in JV to GE Vernova

U.S. power equipment maker GE Vernova said on Monday it has acquired the remaining ownership stake in a Saudi gas turbine producing ......

Saudi's PIF signs revolving credit facility of $15 bn for 23 financial institutions

Finance

28 August, 2024

Saudi's PIF signs revolving credit facility of $15 bn for 23 financial institutions

Saudi Arabia's $925 billion sovereign wealth fund, the Public Investment Fund (PIF), said on Wednesday it had signed a revolving ......

Saudi sovereign wealth fund signs $50 bn of MoUs with Chinese firms

Finance

02 August, 2024

Saudi sovereign wealth fund signs $50 bn of MoUs with Chinese firms

Saudi Arabia's sovereign wealth fund PIF has signed six memorandums of understanding (MoUs) worth a total of $50 billion with ......