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The Latest Breaking News from PIF

Shares in Saudi Aramco soared over 4 percent to an all-time closing high in Monday’s trading session on the Saudi stock exchange. Saudi Aramco rose 4.1 percent to a record closing high of 39.25 riyals ($10.4). Its market cap exceeded 7.8 trillion riyals ($2.1 trillion). Last week, Crown Prince Mohammed…

Asharq Al-Awsat

Saudi Arabia Approves Licensing of New Digital Bank

Saudi Arabia’s central bank announced on Tuesday that the government has approved the licensing of a third digital bank, called D360 Bank, with a capital of 1.65 billion riyals ($440 million). It added that the Kingdom’s Public Investment Fund (PIF) was part of the consortium of companies and investors launching…

Asharq Al-Awsat

Pacific Islands Forum's head to be replaced, FSM President David Panuelo says, after leadership dispute

Recently elected secretary-general Henry Puna will step down in order to stop the key regional diplomatic body from splitting, according to a top Micronesian leader.

ABC News

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Saudi Crown Prince Says 4% of Aramco Shares Moved to Sovereign Wealth Fund

Saudi Arabia's Crown Prince Mohammed bin Salman announced the transfer of 4% of Saudi Aramco shares to the Public Investment Fund, Saudi Arabia's sovereign wealth fund, state news agency SPA reported on Sunday. The Crown Prince said the state remains the largest shareholder in Saudi Aramco after the transfer process,…

Asharq Al-Awsat

Saudi PIF Extends Portfolio by Taking Majority Stakes in Design Company

Dubai-listed Depa PLC said on Friday it has entered into an agreement with Saudi Arabia’s Public Investment Fund (PIF), whereby the sovereign wealth fund will acquire a majority stake in the company in return of cash investment worth 150 million dirhams ($40.84 million). In a statement on Friday, Depa said…

Asharq Al-Awsat

Pacific Islands Forum saved from collapse at last minute as Micronesian states 'temporarily' rescind withdrawal

Right as the deadline for Micronesian nations to leave the crucial regional forum approaches, the move is paused. But it's not yet clear what stopped them from leaving.

ABC News

Everton issues will be on Newcastle United's mind despite £234m gap

Newcastle have been willing spenders but will have to do it sustainably, as Everton found out

Liverpool Echo

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Saudi Sukuk Issuance to Increase by 37 Percent

Saudi sukuk issuances increased by 37 percent during the past year on an annual basis, according to S&P Global Ratings. The announcement was made as the global credit rating agency, Moody’s, assigned the Public Investment Fund (PIF) with a first-time issuer rating of A1 and a scorecard indicated rating of…

Asharq Al-Awsat

The 'clever' PIF and Amanda Staveley £40m theory amid Newcastle Companies House update

A Companies House update has revealed Newcastle United raised £40m from the sale of a single share

Chronicle Live

PIF Launches Savvy Gaming Group

The Public Investment Fund launched Savvy Gaming Group (SGG), chaired by Crown Prince Mohammed bin Salman, Deputy Prime Minister and Chairman of PIF. Savvy aims to become a domestic and international pioneer in gaming and e-sports and will work to further develop an integrated ecosystem for the sector. SGG acquired…

Asharq Al-Awsat

PIF's Newcastle message ahead of Saudi Arabia break with friendly and return date confirmed

The Magpies have jetted off to Suadi Arabia after the win over Leeds United

Chronicle Live

Experts: Launch of ‘Boutique Group’ Enhances Tourism Gains by Reviving Heritage

Saudi Arabia’s Crown Prince Mohammed bin Salman has unveiled ‘Boutique Group’ to develop historical palaces into luxury boutique hotels, the Kingdom’s Public Investment Fund (PIF) announced on Thursday. Boutique Group is a “a new hospitality brand that will manage and convert a collection of iconic historic and cultural palaces in…

Asharq Al-Awsat

Saudi PIF Signs MoU to Develop Green Hydrogen Production

The Saudi Public Investment Fund (PIF), POSCO and Samsung C&T Corporation Engineering & Construction Group (Samsung C&T) announced on Tuesday the signing of a three-party MoU with the goal of developing a project to produce green hydrogen for export. The MoU was signed during the Saudi-Korean Investment Forum held in…

Asharq Al-Awsat

SCAI Launches AI Operations to Compete with Global Technologies

The Saudi Company for Artificial Intelligence (SCAI), a company wholly owned by the Public Investment Fund (PIF), launched operations to grow and develop artificial intelligence (AI) and emerging technologies industries in the Kingdom. The company’s operations will focus on delivering end-to-end cutting-edge AI solutions across various disciplines. These will apply…

Asharq Al-Awsat

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