The Latest Breaking News from Public Investment Fund

Jurgen Klopp can't hide his feelings on Newcastle since £305m Saudi Arabia takeover

Newcastle, who face Jurgen Klopp's Liverpool on Saturday evening, were sold by Mike Ashley to Saudi Arabia's Public Investment Fund for £305million in October 2021

Daily Mirror · Feb 17, 2023

Saudi Aramco’s Ladies Golf Int'l Championship Kicks off Thursday

The Aramco Saudi Ladies International Championship 2023, sponsored by the Public Investment Fund, will kick off Thursday at the Royal Greens Golf & Country Club, in the King Abdullah Economic City. In partnership with the Ladies European Tour (LET), the tournament will see the participation of some of the biggest…

Asharq Al-Awsat · Feb 15, 2023

Saudi Arabia's PIF Invests $1.3 Billion in 4 Local Construction Firms

Saudi Arabia's sovereign wealth fund has invested a total of $1.3 billion in four local construction firms to support the sector tasked with spearheading projects across the Kingdom, it said on Tuesday. The Public Investment Fund said it acquired new shares as part of capital increases representing significant minority stakes…

Asharq Al-Awsat · Feb 14, 2023

Saudi Arabia Teams Up With Foxconn To Launch Its Own Ceer EV Brand

Ceer is a joint venture between Saudi Arabia's Public Investment Fund and Taiwan's Foxconn; it will license component tech from BMW in the development phase.

InsideEVs · Nov 7, 2022

Saudi Crown Prince: PIF to Establish Five Regional Investment Companies

Saudi Crown Prince Mohammed bin Salman, Prime Minister, Chairman of the Council of Economic and Development Affairs and Chairman of the Public Investment Fund, announced on Wednesday that the Fund will establish five companies aimed at investing in Bahrain, Iraq, Jordan, Oman, and Sudan. The announcement follows the launch of…

Asharq Al-Awsat · Oct 26, 2022

'Breaks my heart' - Sportswashing and the Newcastle fans still 'hollow' after Saudi takeover

It has been a year since the Newcastle United takeover was finally approved but the topic of sportswashing with Saudi Arabia's Public Investment Fund remains in the headlines

Chronicle Live · Oct 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