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The Latest Breaking News from PIF

Saudi PIF Acquires 16.8% of Kingdom Holding Company

The Saudi Public Investment Fund has acquired 625 million shares of the Kingdom Holding Company (KHC), representing 16.87 percent, with a total value of 5.6 billion riyals ($1.5 billion).

Asharq Al-Awsat

Al Rumayyan: Carbon Trading Platform in Saudi Arabia is Evidence of Change

The presence of a carbon trading platform in Saudi Arabia is in itself evidence of change, said the governor of the Saudi Public Investment Fund (PIF), Yasir Al Rumayyan, confirming that mega projects in the Kingdom like NEOM are depending on green sources for their energy needs. Speaking at a…

Asharq Al-Awsat

Saudi Arabia’s PIF Acquires Stakes in Nintendo

Saudi Arabia’s Public Investment Fund (PIF) has taken a 5.01% stake in Nintendo Co, as the sovereign wealth fund increases its exposure to the Japanese video gaming industry. The investment in the Kyoto-based group company was made for investment purposes, according to a filing to Japan’s Finance Ministry, making the…

Asharq Al-Awsat

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Saudi Arabia's Public Investment Fund Scoops 5% Stake In Nintendo

Saudi Arabia's Public Investment Fund (PIF) scooped a 5.01% stake in Nintendo Co, Ltd (OTC:NTDOY), Reuters reports. PIF has also launched its own video game and e-sports company, Savvy Gaming. Also Read: Nintendo Declares 10-1 Stock Split After Posting 4% Sales Decline In FY22, Weaker Guidance PIF invested in video game companies Nexon Co Ltd (OTC: NEXOY), Capcom Co…

Benzinga

Saudi Arabia takes a 5% stake in Nintendo

The Saudi Arabia public investment fund has made a couple of headlines lately as it invests in Japanese game development companies, and Nintendo is the next.

USA Today Sports Media Group

PIF Launches Saudi Coffee Company to Further Enable Kingdom’s Food and Agriculture Sector

The Public Investment Fund (PIF) announced on Sunday the launch of the Saudi Coffee Company. The company has been established to enable Saudi Arabia’s coffee bean to be a global product in the future, and will play a vital role in developing sustainable coffee production in the southern Jazan region,…

Asharq Al-Awsat

Who is Majed Al Sorour? Everything you need to know about the new Newcastle United director

Companies House record show the appointment was made on May 12

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Newcastle kit sharing Saudi colours would be sportswashing, Amnesty says

Newcastle wearing the colours of Saudi Arabia’s football side on their away shirt next season would be ‘clear evidence’ of sportswashing, according to Amnesty

The Guardian - UK

Newcastle strengthen Saudi Arabia links with latest board appointment

Majed Al Sorour becomes the club’s fourth director to be appointed since last October’s takeover

The Independent UK

Tesla, Twitter shares drop as Elon Musk's legal issues grow

Shares of Tesla and Twitter have tumbled this week

The Independent UK

Greg Norman claims 'we've all made mistakes' in pathetic defence of Saudi human rights record

Australian former golf star Greg Norman is the CEO of the LIV Golf International Series - and he has been criticised for defending Saudi's human rights record

Daily Mirror

'We've all made mistakes': Greg Norman brushes off questions about Jamal Khashoggi murder at Saudi-backed golf event

Former golfing great Greg Norman dismisses questions about Jamal Khashoggi, as he spearheads a $255 million tournament backed by Saudi Arabia's sovereign wealth fund.

ABC News

Labor signals more aid to south-east Asia and accuses Scott Morrison of ‘bullying behaviour’ towards Pacific

Shadow minister Pat Conroy says the Coalition’s cuts in aid to Indonesia were ‘shortsighted’

The Guardian - AU

PIF bring multimillion pound golf tournament to the North East with free tickets for all fans

A ground-breaking event backed by the Saudi Public Investment Fund is set for Slaley Hall Hotel in June

Chronicle Live

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Daily Mirror

Andy Cole sends Newcastle fans warning over transfer spending plans

Former Newcastle United and England striker Andy Cole has been speaking about the Magpies recent rise but has called for fans to be patient over how long it will take to build sustained succes

Asharq Al-Awsat

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…

Daily Mirror

Jake Humphrey makes Newcastle ownership statement after criticism for BT Sport comments

BT Sport presenter Jake Humphrey recieved criticism on Saturday following comments he made about Newcastle Unite'd owners ahead of their defeat to Liverpool in the lunchtime kick-off

Chronicle Live

Newcastle United evening headlines: Jordan Henderson makes Liverpool rotation reveal and Magpies sent transfer message

A look at the latest Newcastle United headlines

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Chronicle Live

Newcastle United supporters 'more aware' of Saudi Arabia's human rights issues

Saudi Arabia's investment into Newcastle United immediately put the club under a microscope

Tribune News Service

New texts shed light on Elon Musk’s 2018 spat with Saudi fund

Elon Musk’s short-lived effort to take Tesla Inc. private after his infamous “funding secured” tweet in August 2018 has loomed over the billionaire’s reputation — and his quest to buy Twitter Inc.

Chronicle Live

Newcastle evening headlines: Howe on transfers, Saint-Maximin message and Ghodoussi celebration

All of the latest Newcastle United headlines including updates on Eddie Howe, Mehrdad Ghodoussi, Allan Saint-Maximin and more

Daily Mirror

Richest sports team owners top 10 as Arsenal's Kroenkes above Newcastle's Saudi prince

Newcastle United have been tipped for European football dominance, yet many fans may be surprised to hear that Arsenal owner Stan Kroenke leads the Saudi Crown Prince in the richlist

Asharq Al-Awsat

Saudi Stock Market Companies Touch $613 Billion in Revenues

Saudi companies listed on the stock market recorded a 56.3 percent increase in their business, reaching total revenue of $613.3 billion. Al-Jazira Capital reported that the Saudi companies on the Saudi Stock Exchange (Tadawul) recorded $613.3 billion in revenues, compared to $392 billion in 2020, while the listed Saudi companies…

Asharq Al-Awsat

Electric Vehicles … A Saudi Step Towards Establishing Sustainable Transportation

The announcement made by Lucid Group, an American electric vehicle manufacturer, on signing several agreements with Saudi government agencies, paving way for laying the groundwork for a full production factory in Saudi Arabia, is an important step that shows the competitiveness of the Kingdom in becoming a perfect investment destination…

The Guardian - UK

Six months in, Newcastle takeover still offers little cause for celebration

While Eddie Howe’s side are thriving, Saudi investment has also led to endless squabbling, moral acrobatics and whataboutery

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