Company Insights Public Investment Fund (PIF) Finance Public Investment Fund (PIF) News Gaming Saudi company in talks to buy Pokémon Go maker Scopely, a video game developer and publisher owned by Saudi Arabia’s Public Investment Fund, is reportedly in talks to buy the gaming division of the company that created Pokémon Go. The deal to acquire the video game business of Niantic, a company that develops augmented reality mobile games, could be worth $3.5 billion, according to […] February 19, 2025 Business of Sport LIV Golf losses outside US widen to almost $400m Saudi-government owned LIV Golf posted a second year of financial losses, widening to almost $400 million in the 12 months to April 5, 2024, through its global tournaments outside the US. UK-based LIV Golf Ltd has attracted some of the world’s biggest names in the sport and runs tournaments in Australia, Singapore, Spain, Mexico, the […] February 19, 2025 Renewable Energy Acwa Power to build 2GW wind power project in Egypt Saudi renewables major Acwa Power will build, own and operate a 2-gigawatt (GW) wind power generation plant in South Hurghada, Egypt, typically enough to power nearly 2 million homes. The company, which is listed on the Saudi stock exchange, signed a 25-year power purchase agreement (PPA) with the state-run Egyptian Electricity Transmission Company for the SAR8.6 […] February 19, 2025 Business of Sport PIF’s $1bn Dazn deal creates new Mena sports streamer Surj Sports Investment, a unit of Saudi’s Public Investment Fund (PIF), has acquired a minority stake in UK-based global sports network Dazn. The deal, believed to be worth $1 billion, will establish new broadcasting joint venture Dazn Mena, which the companies say will broadcast live and on-demand sports from Saudi Arabia. The partnership will also […] February 18, 2025 Analysis Construction Ambitious plans accelerate Gulf construction costs Construction costs in Saudi Arabia and the UAE are in danger of accelerating over the next few years as both countries pour billions into infrastructure, energy and housing projects, observers have warned. Rises in the prices of steel, cement, glass, aluminium and components for air conditioning systems are driving the growth of building materials costs, […] February 18, 2025 Renewable Energy Saudi Arabia’s Taqa and EDF partner on geothermal energy A unit of Saudi-based Taqa group and French state-owned electric utility company EDF have signed an agreement to collaborate on developing geothermal energy projects in the kingdom. Under the agreement Taqa Geothermal Energy and EDF will use their combined expertise to develop HVAC (heating, ventilation and air conditioning) and compressed air energy storage solutions in […] February 17, 2025 Markets PIF invests in delivery app DoorDash and drops Walmart Saudi Arabia’s Public Investment Fund has sold its stake in US retailer Walmart and more than doubled its holdings in ecommerce giant Amazon, it has announced. PIF also invested in food delivery business DoorDash in the three months to December 31, according to the sovereign wealth fund‘s latest filing to the US Securities and Exchange […] February 17, 2025 Banking & Finance Mubadala buys stake in Germany’s Apleona Abu Dhabi’s Mubadala Investment Company will acquire a minority stake in Apleona, a German facility management services company. Mubadala’s investment was made through a consortium led by Bain Capital’s private equity team and will support Apleona’s growth and development across Europe. The transaction is subject to regulatory approvals. No financial details were given. Apleona provides […] February 17, 2025 Infrastructure Neom spends $37bn on infrastructure development Saudi Arabia’s $500 billion giga-project Neom has spent more than SAR140 billion ($37 billion) on infrastructure development so far, a senior company executive has said. Several real estate projects are still under development, with work on infrastructure and utilities continuously progressing, chief development officer Denis Hickey told PIF Private Sector Forum last week. The developer has two […] February 17, 2025 Retail Adia-backed Lenskart to raise $1bn from Indian IPO Lenskart, a high profile optical retailer which is backed by the UAE’s sovereign fund Abu Dhabi Investment Authority (Adia), is planning to file for a $1 billion initial public offering (IPO). The company’s potential valuation has doubled to $10 billion from $5 billion last year after it raised $200 million from a secondary round, the Economic […] February 17, 2025 Posts navigation Previous 1 … 9 10 11 … 95 Next
Gaming Saudi company in talks to buy Pokémon Go maker Scopely, a video game developer and publisher owned by Saudi Arabia’s Public Investment Fund, is reportedly in talks to buy the gaming division of the company that created Pokémon Go. The deal to acquire the video game business of Niantic, a company that develops augmented reality mobile games, could be worth $3.5 billion, according to […] February 19, 2025
Business of Sport LIV Golf losses outside US widen to almost $400m Saudi-government owned LIV Golf posted a second year of financial losses, widening to almost $400 million in the 12 months to April 5, 2024, through its global tournaments outside the US. UK-based LIV Golf Ltd has attracted some of the world’s biggest names in the sport and runs tournaments in Australia, Singapore, Spain, Mexico, the […] February 19, 2025
Renewable Energy Acwa Power to build 2GW wind power project in Egypt Saudi renewables major Acwa Power will build, own and operate a 2-gigawatt (GW) wind power generation plant in South Hurghada, Egypt, typically enough to power nearly 2 million homes. The company, which is listed on the Saudi stock exchange, signed a 25-year power purchase agreement (PPA) with the state-run Egyptian Electricity Transmission Company for the SAR8.6 […] February 19, 2025
Business of Sport PIF’s $1bn Dazn deal creates new Mena sports streamer Surj Sports Investment, a unit of Saudi’s Public Investment Fund (PIF), has acquired a minority stake in UK-based global sports network Dazn. The deal, believed to be worth $1 billion, will establish new broadcasting joint venture Dazn Mena, which the companies say will broadcast live and on-demand sports from Saudi Arabia. The partnership will also […] February 18, 2025
Analysis Construction Ambitious plans accelerate Gulf construction costs Construction costs in Saudi Arabia and the UAE are in danger of accelerating over the next few years as both countries pour billions into infrastructure, energy and housing projects, observers have warned. Rises in the prices of steel, cement, glass, aluminium and components for air conditioning systems are driving the growth of building materials costs, […] February 18, 2025
Renewable Energy Saudi Arabia’s Taqa and EDF partner on geothermal energy A unit of Saudi-based Taqa group and French state-owned electric utility company EDF have signed an agreement to collaborate on developing geothermal energy projects in the kingdom. Under the agreement Taqa Geothermal Energy and EDF will use their combined expertise to develop HVAC (heating, ventilation and air conditioning) and compressed air energy storage solutions in […] February 17, 2025
Markets PIF invests in delivery app DoorDash and drops Walmart Saudi Arabia’s Public Investment Fund has sold its stake in US retailer Walmart and more than doubled its holdings in ecommerce giant Amazon, it has announced. PIF also invested in food delivery business DoorDash in the three months to December 31, according to the sovereign wealth fund‘s latest filing to the US Securities and Exchange […] February 17, 2025
Banking & Finance Mubadala buys stake in Germany’s Apleona Abu Dhabi’s Mubadala Investment Company will acquire a minority stake in Apleona, a German facility management services company. Mubadala’s investment was made through a consortium led by Bain Capital’s private equity team and will support Apleona’s growth and development across Europe. The transaction is subject to regulatory approvals. No financial details were given. Apleona provides […] February 17, 2025
Infrastructure Neom spends $37bn on infrastructure development Saudi Arabia’s $500 billion giga-project Neom has spent more than SAR140 billion ($37 billion) on infrastructure development so far, a senior company executive has said. Several real estate projects are still under development, with work on infrastructure and utilities continuously progressing, chief development officer Denis Hickey told PIF Private Sector Forum last week. The developer has two […] February 17, 2025
Retail Adia-backed Lenskart to raise $1bn from Indian IPO Lenskart, a high profile optical retailer which is backed by the UAE’s sovereign fund Abu Dhabi Investment Authority (Adia), is planning to file for a $1 billion initial public offering (IPO). The company’s potential valuation has doubled to $10 billion from $5 billion last year after it raised $200 million from a secondary round, the Economic […] February 17, 2025
