The Latest Breaking News from PIF

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 · May 6, 2022

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

Daily Mirror · May 5, 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

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

Chronicle Live · Apr 21, 2022

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

Daily Mirror · Apr 17, 2022

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 · Apr 13, 2022

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…

Asharq Al-Awsat · Apr 10, 2022

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

The Guardian - UK · Apr 4, 2022

Saudi Dussur Signs 4 Joint Ventures, Global Acquisition Deal

The Saudi Arabian Industrial Investments (Dussur) announced the signing of five new shareholders' agreements, including four joint ventures and one global acquisition deal. Dussur, owned by PIF, Aramco, and SABIC, signed the agreement at a special event attended by Minister of Energy and Investment Prince Abdulaziz bin Salman, Minister of…

Asharq Al-Awsat · Mar 31, 2022

Newcastle's PIF ownerships stance on Saudi Media's Chelsea takeover revealed on deadline day

Chelsea news: The Saudi-based Newcastle ownership have weighed in with their own views on Saudi Media's potential Blues takeover with bids needing to be submitted before 9pm on Friday

Football London · Mar 18, 2022