15th November, 2021
Lucid’s IPO has helped triple the value of US stocks held by Saudi Arabia’s sovereign wealth fund, according to its latest 13F filing with the SEC.
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12th November, 2021
An agreement signed this week between Bahrain’s Mumtalakat and Abu Dhabi’s Mubadala to create a joint investment fund for both countries marks the latest development in intra-GCC economic ties.
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25th October, 2021
Saudi Arabia is set to launch a new National Infrastructure Fund (NIF), under the ambit of the National Development Fund (NDF) and operated by BlackRock, which will use central bank excess forex reserves to pour tens of billions of debt and equity finance into power, water and healthcare projects over the next decade.
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24th August, 2021
Saudi Arabia is determined to leverage its oil wealth to finance its transition to sustainable energy with its Public Investment Fund backing investment in solar energy.
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22nd June, 2021
Saudi Arabia has made a giant leap in the restructuring of its social insurance and pension system with the announced merger of the General Organization of Social Insurance (GOSI) and the Public Pension Agency (PPA) to form a US$250 billion fund.
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8th June, 2021
Saudi Arabia's sovereign wealth fund PIF has undertaken an organizational revamp and created two new deputy governor positions as it plans for accelerated growth - potentially becoming the world's second biggest sovereign wealth fund within a decade.
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28th April, 2021
The sale of a 1% stake in Saudi oil giant Aramco could see the Kingdom’s sovereign wealth fund PIF take a slice of the proceeds to fund domestic mega projects.
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23rd February, 2021
The China Investment Corporation (CIC) and the Silk Road Fund are among a range of investors bidding for a US$10 billion stake in Saudi Aramco’s oil pipelines.
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22nd February, 2021
With the US's Biden administration imposing an arms trade ban on Saudi Arabia over its intervention in Yemen, the defence industry arm of the Kingdom’s sovereign wealth fund PIF is pushing ahead with military product development and weapon system projects.
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9th February, 2021
Saudi Arabia’s US$400 billion Public Investment Fund became the latest sovereign investor to enter the growing market for direct lending by becoming an anchor investor in a shariah credit fund. It could signal the beginning of a strong thrust into private credit in an effort to stimulate broader lending availability in Saudi Arabia and beyond.
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25th January, 2021
MbS unveiled the new Strategy Plan, under which PIF would grow to over USD 1 trillion AuM by 2025.
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1st January, 2021
Saudi Arabia is a rapidly-changing nation – especially its economic and financial landscape. The roadmap for this change is contained in the Vison 2030 program, which was announced in 2016 and aims to add diversification to the Kingdom via infrastructure, tourism, technology and health. Well until 2015, very few people outside of Saudi Arabia had heard about the Public Investment Fund (PIF), which was solely focused on the development of the domestic economy.
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