PIF
TMT
Peak XV, Valar-backed ShopUp to merge with Sary; PIF's Sanabil leads $110-mn funding
Bangladeshi B2B commerce platform ShopUp, which is backed by Indian venture capital firm Peak XV Partners and Peter Thiel’s Valar ......
TMT
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, ......
Finance
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 ......
Finance
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 ......
Manufacturing
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 ......
TMT
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 ......
General
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 ......
Economy
How the oil price plunge complicates Saudi Arabia's economic agenda
Saudi Arabia, with its wealth linked inextricably to oil revenue, faces mounting pressure to raise debt or cut spending after ......
Finance
Saudi wealth fund PIF to anchor new Gulf-focused funds from Goldman Sachs
Saudi Arabia's sovereign wealth fund will be the anchor investor in Goldman Sachs Asset Management's specific new funds focused on ......
Infrastructure
Saudi wealth fund PIF buys stake in Heathrow Airport
Spanish construction giant Ferrovial said on Thursday it closed the sale of a 19.75% stake in Heathrow Airport Holdings for ......
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