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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 PIF to invest up to $1.5 bn in EV maker Lucid

Manufacturing

06 August, 2024

Saudi PIF to invest up to $1.5 bn in EV maker Lucid

Lucid Group said on Monday its largest shareholder, Saudi Arabia's Public Investment Fund, will inject up to $1.5 billion in ......

Saudi sovereign wealth fund PIF appoints new head of investment strategy

Finance

24 July, 2024

Saudi sovereign wealth fund PIF appoints new head of investment strategy

Saudi Arabia's sovereign wealth fund, which manages around $925 billion, has appointed a new head of its investment strategy and ......

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Why global SWFs are turning towards India, eyeing debt investments

Finance

22 July, 2024

Why global SWFs are turning towards India, eyeing debt investments

India has become a top priority for sovereign wealth funds and the most attractive destination for debt investments among emerging ......

Saudi PIF-owned Riyadh Air forms partnership with US carrier Delta Air

Infrastructure

10 July, 2024

Saudi PIF-owned Riyadh Air forms partnership with US carrier Delta Air

Riyadh Air has partnered with U.S. carrier Delta Air Lines as the Saudi startup carrier grows its potential network ahead ......

Saudi wealth fund PIF in talks to create boxing league

Consumer

12 June, 2024

Saudi wealth fund PIF in talks to create boxing league

Saudi Arabia's Public Investment Fund (PIF) is in discussions with multiple boxing stakeholders to create a league, potentially reshaping the ......

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MENA Digest: SiFi,  Elevate raise funds; May VC funding up 5 times from April, down 58% YoY

TMT

07 June, 2024

MENA Digest: SiFi, Elevate raise funds; May VC funding up 5 times from April, down 58% YoY

Saudi Arabia-based fintech startup Simplified Financial Solutions Company (SiFi) led funding activity in the Middle East and North Africa (MENA) ......

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Saudi PIF-backed Jada commits capital to healthcare-focused PE fund

Finance

28 May, 2024

Saudi PIF-backed Jada commits capital to healthcare-focused PE fund

Saudi Arabia’s Public Investment Fund (PIF)-backed Jada Fund-of-Funds has struck its third limited partner style bet this year, backing a ......

BlackRock to launch PIF-backed Saudi investment platform

Finance

01 May, 2024

BlackRock to launch PIF-backed Saudi investment platform

The world's largest asset manager BlackRock said on Tuesday it plans to launch a new investment platform in Saudi Arabia, ......

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Grapevine: TPG eyes stake in VLCC; NTPC Green taps four bankers for IPO

General

12 April, 2024

Grapevine: TPG eyes stake in VLCC; NTPC Green taps four bankers for IPO

Carlyle Group is actively engaged in discussions with TPG Growth regarding the sale of a 25-30% stake in VLCC Healthcare Ltd, a media ......