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The Latest Breaking News from PIF

Newcastle United owners take majority stake in Cristiano Ronaldo's Al-Nassr

Ronaldo left Manchester United for Saudi Arabia last year

Manchester Evening News · Jun 5, 2023

Newcastle owners take majority stakes in four Saudi clubs including Al Nassr

The kingdom says it is privatising its top sports clubs to help the industry grow.

The Independent UK · Jun 5, 2023

Newcastle's owners 'providing funds' for Lionel Messi and Karim Benzema transfer chases

The Saudi Pro League is launching a bid to bring in several superstars to join Cristiano Ronaldo in the Middle East, with the money coming from Newcastle's owners the Public Investment Fund

Daily Mirror · Jun 4, 2023

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LIV Golf midseason review: Which questions still need answers in 2023?

As LIV Golf takes a midseason break, here’s a look at which questions have and haven't been answered this year.

USA Today Sports Media Group · Jun 1, 2023

Lucid To Raise $3 Billion, Mostly From Saudi Majority Stockholder

Lucid Group said it would use the new cash for "general corporate purposes," including capital expenditures and working capital, among other things.

InsideEVs · Jun 1, 2023

S Korea, Pacific Islands to boost ties after first-ever summit

Inaugural Korea-Pacific Islands Summit comes amid Seoul’s concerns over China’s growing influence in Indo-Pacific.

Al Jazeera · May 31, 2023

Premier League sponsorship rules set for major test as Newcastle eye shirt deal with Saudi company

Newcastle are in talks over a £25m shirt deal with Sela, an events company with links to Saudi Arabia whose website says it is owned by the Public Investment Fund

The Independent UK · May 24, 2023

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'Newcastle and LIV Golf success shows Saudi sportswashing is now in full swing'

LIV Golf star Brooks Koepka became the first player from the breakaway league to win a golf Major on Sunday before Newcastle booked their place in next season's Champions League 24 hours later

Daily Mirror · May 23, 2023

Newcastle qualify for Champions League for first time in 20 YEARS as top four confirmed

Eddie Howe is the first Newcastle manager since Sir Bobby Robson to qualify for the Champions League, with a point against Leicester City on Monday night being enough to secure a top-four finish

Daily Mirror · May 22, 2023

F1 owner shares stance on selling sport amid Saudi Arabia PIF and Elon Musk interest

Worldwide interest in F1 has grown rapidly in recent years – as have revenues – meaning Liberty Media would be able to command a very high price for the sport should it choose to sell

Daily Mirror · May 20, 2023

Judge grants LIV Golf stay of discovery pending appeal, rules against PGA Tour in latest filing

The timeline for a trial could move well into 2024 and beyond.

USA Today Sports Media Group · May 18, 2023

Saudi Arabia now owns 10% of Electronic Arts

The country's investment fund significantly increased its stake.

PC Gamer · May 18, 2023

Report - LIV Golf Want Newcastle Director Amanda Staveley To Lead PGA Tour Peace Talks

Amanda Staveley led the Middle East takeovers of both Newcastle and Man City and could now be involved in LIV Golf talks

Golf Monthly · May 17, 2023

Satellite town: why Premier League owners are keen on KV Oostende

Owners of Bournemouth, Newcastle and Wolves are circling the Belgian club, with American incumbents willing to sell

The Guardian - UK · May 11, 2023

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France 24 · May 9, 2023

Messi's father refutes rumours of deal to play in Saudi Arabia

Lionel Messi has not "signed or agreed" a deal to play in Saudi Arabia next season, the Argentine's father said after reports on Tuesday linked the Paris St Germain forward with a move to the Middle East.

Bangkok Post · May 8, 2023

Bankers' pay is booming in Saudi Arabia

DUBAI: Even as the global financial community contends with layoffs and lower bonuses, banking jobs remain plentiful and salaries are surging in one unexpected corner of the world: Saudi Arabia.

Chronicle Live · May 2, 2023

Newcastle United edge closer to major sponsor deal ahead of Fun88 swansong

Newcastle United will be wearing a new sponsorship on their shirts next season

Asharq Al-Awsat · May 2, 2023

Agreement Signed to Establish Saudi Arabia’s 1st Integrated Steel Plate Manufacturing Complex

Saudi Aramco, one of the world’s leading integrated energy and chemicals companies, Baoshan Iron & Steel Co., Ltd. (Baosteel), the world’s leading steel conglomerate, and the Public Investment Fund (PIF) signed on Monday a shareholders’ agreement to establish an integrated steel plate manufacturing complex in the Kingdom of Saudi Arabia.

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Chronicle Live · Apr 30, 2023

Newcastle's owners told they 'must prove themselves' amid KV Oostende links and Brighton blueprint

The Magpies' owners have been linked with a takeover at the Belgian side

The Independent UK · Apr 28, 2023

Premier League investigating Newcastle’s Saudi-led takeover – Aston Villa chief

Court documents published in February described Newcastle chairman Yasir Al Rumayyan as a sitting minister of the Saudi government.

Asharq Al-Awsat · Apr 20, 2023

Why Saudi Arabia Transfered 4% of Aramco Shares to PIF Subsidiary?

Saudi Arabia's Crown Prince Mohammed bin Salman announced Sunday the transfer of a 4% stake of the oil giant Saudi Aramco to Sanabil Investments, a subsidiary of the kingdom's Public Investment Fund (PIF). Experts interviewed by Asharq Al-Awsat said the move supports PIF’s flexibility in capturing local and global investment…

The Independent UK · Apr 16, 2023

Saudi prince gives 4% Aramco stake to public investment firm

Saudi Arabia’s crown prince has announced the transfer of a 4% stake of the oil giant Saudi Aramco to a subsidiary of the kingdom’s sovereign wealth fund

Asharq Al-Awsat · Apr 16, 2023

Saudi Crown Prince Announces Completion of 4% of Aramco Shares Transfer to Sanabil Investments

Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister announced on Sunday the completion of the transfer of 4% of Saudi Aramco's total issued shares from the State's ownership to the Saudi Arabian Investment Company (Sanabil Investments), a wholly owned company of the Public Investment Fund…

USA Today Sports Media Group · Apr 7, 2023

LIV Golf takes yet another legal blow in United States court, must comply with documents and witnesses for depositions

Last month a judge ruled that depositions could be conducted in Riyadh, but the new ruling sets them in New York.

Chronicle Live · Apr 7, 2023

Newcastle chief Yasir Al-Rumayyan ordered to testify in court case that prompted takeover backlash

Newcastle United chairman Yasir Al-Rumayyan and Saudi Arabia's Public Investment Fund are in the middle of a US lawsuit between two golf organisations

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