THE TRUTH ABOUT: 4 - The Untold Story

LIV Golf (and one PGA Tour player) dominate early leaderboard at PIF Saudi International

Of the 37 players under par after the first day of play, 24 play for LIV Golf and three are on the PGA Tour.

USA Today Sports Media Group · Feb 2, 2023

Saudi Crown Prince Announces Diriyah as PIF’s Fifth Giga-Project

Saudi Crown Prince and Chairman of the Public Investment Fund (PIF) Mohammed bin Salman announced on Monday designating Diriyah as the fifth giga-project owned by the Kingdom’s sovereign wealth fund. The Diriyah tourism project aligns with PIF’s strategy for achieving the goals of the Kingdom’s plan for national transformation, Vision…

Asharq Al-Awsat · Jan 10, 2023

Chinese President Arrives in Saudi Arabia on Official Visit

Chinese President Xi Jinping arrived in Saudi Arabia on Wednesday on an official visit at the invitation of Custodian of the Two Holy Mosques King Salman bin Abdulaziz. He was welcomed at King Khalid International Airport by Prince Faisal bin Bandar bin Abdulaziz, Governor of Riyadh Region; Prince Faisal bin…

Asharq Al-Awsat · Dec 7, 2022

Saudi PIF Acquires Stakes in 4 Egyptian Companies Worth $1.3b

The Saudi Egyptian Investment Company (SEIC), owned by Saudi Arabia's state-owned Public Investment Fund (PIF), has bought minority stakes in four Egyptian companies for $1.3 billion, Egypt's planning ministry said on Wednesday. The companies are Abu Qir Fertizilers and Chemical Industries, Misr Fertilizers Production Company, Alexandria Container and Cargo Handling,…

Asharq Al-Awsat · Aug 11, 2022

PIF Launches Saudi Egyptian Investment Company

The Saudi Public Investment Fund (PIF) launched on Friday the Saudi Egyptian Investment Company (SEIC) to invest in promising sectors throughout Egypt, one of the world’s emerging markets. SEIC will invest in priority sectors including but not limited to, infrastructure, real estate development, health care, financial services, food and agriculture,…

Asharq Al-Awsat · Aug 5, 2022

Saudi PIF Buys 23.97% Stake in Capital Bank Group

Saudi Arabia's sovereign wealth fund, the Public Investment Fund, said on Sunday it will buy a 23.97% stake in Capital Bank Group, one of the largest banking groups in Jordan, Iraq and the Middle East and North Africa (MENA) region. PIF will pay $185 million for the stake, by buying…

Asharq Al-Awsat · Jun 5, 2022

Have your say on Newcastle United's potential new Saudi-style third kit

The club are staying tight-lipped on whether the leak is legit, but if it is players will wear a Saudi Arabia-style away shirt next season.

Chronicle Live · May 13, 2022

Fitch Upgrades Saudi’s PIF Outlook to ‘Positive’

Ratings agency Fitch on Friday revised the outlook on Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), to "positive" from "stable" following a similar action on the country. It also affirmed the PIF's rating at "A". Fitch had cited improvements in Saudi Arabia's balance sheet due to higher…

Asharq Al-Awsat · May 1, 2022

Saudi Sovereign Wealth Fund Announces Joint Venture with Boeing

SAMI group, a wholly owned subsidiary of the Public Investment Fund and the Kingdom’s national defense localization champion, has announced a preliminary agreement with Boeing. Under the terms of the agreement, both companies will enter into a Kingdom-focused joint venture. The announcement was made at a signing ceremony during the…

Asharq Al-Awsat · Apr 10, 2022

Alan Shearer passionately defends Chelsea and Newcastle fans in speech on clubs' owners

Chelsea and Newcastle's owners, namely Russian oligarch Roman Abramovich and Saudi Arabia's Public Investment Fund respectively, have been in the spotlight this season

Daily Mirror · Mar 19, 2022