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The Latest Breaking News from Saudi Public Investment Fund

A Saudi Public Investment Fund will hold around 93.4% of Electronic Arts' shares after a $55 billion deal — almost total ownership

A new filing shows the Public Investment Fund will hold 93.4% of EA after backing a $55 billion deal. This gives it near-total control, raising questions about EA’s direction, long-term strategy, and what this means for fans.

Windows Central

'We Have to Fix These Things': DP World Tour CEO Hopeful for Deal With Saudi Public Investment Fund

DP World Tour CEO, Guy Kinnings, hopes a deal is completed soon and that the 2026 DPWT schedule looks different than it does today.

Sports Illustrated

'I Think It's In Pretty Good Hands' - Jack Nicklaus Confident Of Breakthrough In PGA Tour/PIF Talks

The 18-time Major winner doesn't see a cause for concern over the apparent stalemate between the PGA Tour and Saudi Public Investment Fund

Golf Monthly

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Phil Mickelson Makes Bold LIV Golf Admission Over Potential Format Changes

Speaking after his final round at Augusta National, Lefty stated that: "I wouldn’t be surprised if some or all of LIV events went to 72"

Golf Monthly

Monahan, Al-Rumayyan And Norman Invited To Testify At Senate Hearing

The PGA Tour, PIF and LIV Golf officials have been invited to testify at the hearing scheduled for 11 July

Golf Monthly

Al Rumayyan: Saudi Arabia Seeks 100 Years of Economic Sustainability

Governor of the Saudi Public Investment Fund Yasir al-Rumayyan said the Kingdom seeks to develop a sustainable economy that can thrive 100 years from now. He underscored Saudi Arabia’s commitment to global climate action and efforts to develop renewable energies. Rumayyan made the remarks during the opening session of the…

Asharq Al-Awsat

PIF Focuses on Achieving ‘Impact’ for Saudi Economy Development

The Saudi Public Investment Fund’s (PIF) strategy focuses on achieving economic impact through operable sectors, said Abdullah Alsalem, PIF’s head of strategy and planning.

Asharq Al-Awsat

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Saudi Arabia’s SALIC, Brazil’s Minerva Buy Australian Lamb Company for about $260 Mln

The Saudi Agricultural and Livestock Investment Company (SALIC), owned by the Saudi Public Investment Fund, and Brazilian meatpacker Minerva has acquired the Australian Lamb Company (ALC) for 970 million riyals ($258 million), SALIC said in a statement on Friday. The acquisition was done through Minerva Foods Australia, a joint venture…

Asharq Al-Awsat

Greg Norman to address Saudi concerns with Congress members as he argues LIV Golf’s case

Greg Norman and the LIV Golf Series have received plenty of criticism due to the backing they receive from the Saudi Public Investment Fund, and Norman is now set to address the matter with Congress

Daily Mirror

Trump hosts Saudi "golf-washing" event

Saudi-funded LIV Golf tour comes to Trump's Bedminster club as he claims, "Nobody has gotten to the bottom of 9/11"

Salon

Grieving begins anew for 9/11 families as LIV Golf event gets underway at Trump’s Bedminster course

“Offensive, disrespectful,” Strada said of the LIV event, which is paid for in part by the Saudi Public Investment Fund.

USA Today Sports Media Group

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 Culture Minister to Head Board of Directors of Commission to Develop Taif

A Royal Order was issued to establish the board of directors of the new commission to develop Saudi Arabia's Taif province. Minister of Culture Prince Badr bin Abdullah bin Farhan will head the board, which will include Prince Saud bin Nahar bin Saud, Princess Haifa bint Muhammad bin Saud bin…

Asharq Al-Awsat

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Asharq Al-Awsat

Saudi PIF Sets Framework for Green Financing

Saudi Public Investment Fund (PIF), the Kingdom's sovereign wealth fund, laid out plans on Monday for raising green debt as the world's top oil exporter strives to reach net-zero carbon emissions by 2060. The Fund published the green finance framework that will allow it to tap world markets to issue…

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