It’s been a year of aggressive dealmaking for Saudi Arabia’s sovereign wealth fund, the Public Investment Fund, or PIF. But a delay in the planned public offering of state-owned Saudi Arabian Oil Co. -- Saudi Aramco -- means the PIF won’t immediately receive an expected $100 billion in extra capital to invest.

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BING NEWS:
  • Saudi Arabia wealth fund buys 51% of telecom infrastructure firm TAWAL
    Saudi Arabia’s Public Investment Fund (PIF), the nation’s sovereign wealth fund, is buying 51% of Telecommunication Towers Company or TAWAL from Saudi Telecommunications.
    04/23/2024 - 5:08 am | View Link
  • stc, PIF sign deal to create Saudi tower giant
    stc said the new merged entity will own approximately 30,000 mobile tower sites and will become one of the largest tower companies globally ...
    04/23/2024 - 4:36 am | View Link
  • Saudi Arabia is desperately trying to woo bankers to pay for its futuristic desert city
    Saudi Arabia hopes that bankers will shell out cash once they see the progress on its futuristic desert city, Neom, in person.
    04/22/2024 - 5:03 am | View Link
  • Saudi's PIF to buy Tawal as tower industry consolidation continues
    The Gulf region's largest telecom tower company could be on the way following an agreement between Saudi Arabia's sovereign wealth fund PIF (or Public Investment Fund) and Saudi ICT infrastructure ...
    04/22/2024 - 3:53 am | View Link
  • Saudi Arabia's Public Investment Fund agrees deal with STC to create tower company
    Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), will acquire a 51 percent stake in Telecommunication Towers Company Limited (Tawal) from the Saudi Telecommunications Company ...
    04/22/2024 - 3:31 am | View Link
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BING SEARCH:
  • What Is the Saudi Sovereign Wealth Fund?
    June 7, 2023. Behind the head-spinning news this week that the PGA Tour wants to merge with the upstart Saudi rival called LIV Golf is an entity with billions of dollars to back the deal: Saudi...
    04/22/2024 - 4:13 am | View Website
  • PIF | Home | Public Investment Fund
    PIF is a global and domestic investor. As one of the world's largest sovereign wealth funds, PIF is a key driver of Saudi Vision 2030, with HRH Crown Prince Mohammed bin Salman Al-Saud as Chairman.
    04/21/2024 - 4:14 am | View Website
  • Public Investment Fund of Saudi Arabia: Definition and How Much
    The Public Investment Fund (PIF) of Saudi Arabia is one of the largest sovereign wealth funds in the world. Established in 1971 by Royal Decree, the PIF has financed many key Saudi projects...
    04/21/2024 - 2:13 am | View Website
  • Saudi Arabia’s PIF was top global investor in 2023 with deals topping $31bn
    Sovereign investors are also boosting investments in green assets with a record $26.1 billion, with Gulf sovereign wealth funds being responsible for almost half of that figure, the report said. Updated: January 01, 2024, 12:44 PM
    04/20/2024 - 6:35 pm | View Website
  • PIF | Who We Are | Public Investment Fund
    PIF is driving the growth of new sectors, companies and jobs, as a catalyst of Vision 2030. As a global impactful investor, the Fund has a world-class investment portfolio with a focus on sustainable investments, both domestically and internationally. “PIF is evolving into a primary driver of Saudi economic growth.
    04/20/2024 - 4:04 pm | View Website
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