Company Insights Public Investment Fund (PIF) Finance Public Investment Fund (PIF) News Energy PIF-backed Tabreed explores Saudi listing this year Tabreed District Cooling is planning to launch an initial public offering (IPO) on the Saudi stock market this year, according to a news report. Backed by the Public Investment Fund (PIF), the refrigeration and cooling company has hired Citigroup and SNB Capital for a potential flotation, Bloomberg reported, citing informed sources. While no final decisions […] January 10, 2025 Finance Saudi Arabia’s PIF invests $200m in JP Morgan fund Saudi Arabia’s Public Investment Fund has invested $200 million in a recently launched exchange-traded fund that tracks dollar-denominated bonds and sukuk issued by the kingdom’s government and quasi-state entities. The JP Morgan Saudi Arabia Aggregate Bond UCITS ETF, created in mid-December, is the first internationally listed fixed-income Saudi Arabian ETF. As such, it “further deepens […] January 9, 2025 Construction ‘Few other nations have dared to attempt this’ Architects and engineers tell AGBI about the positives and pitfalls of Saudi Arabia's push to build it all, 'all at once' January 9, 2025 Economy Tech companies fuel spike in Saudi business registrations Commercial business registrations in Saudi Arabia increased by more than two-thirds in the fourth quarter of 2024, led by a proliferation of technology-based companies setting up in the kingdom. Over 160,000 new records were issued throughout the three-month period, taking the number of active commercial registrations in the country to more than 1.6 million, according […] January 9, 2025 Real Estate Saudis sold on online home sales, says developer Roshn Saudi developer Roshn, a unit of the Public Investment Fund (PIF), said half of its home sales are now made online, marking a significant shift in the kingdom’s property market. Buyers on Roshn’s platform can verify their identity using national digital IDs, sign contracts electronically and make payments online, streamlining a process that traditionally required […] January 7, 2025 Banking and Finance Order book for $12bn Saudi bond 3 times oversubscribed Saudi Arabia has raised $12 billion from a three-tranche bond to meet its funding needs. The tranches of $5 billion, $3 billion and $4 billion have a duration of three, six and 10 years, respectively, the National Debt Management Center (NDMC) said in a post on social messaging platform X. The total order book reached […] January 7, 2025 Finance Saudi Arabia’s PIF secures $7bn investment financing Saudi Arabia’s Public Investment Fund (PIF) has raised $7 billion to finance future investments. The fund’s murabaha credit facility – a common Islamic financing tool in which buyer and seller agree to cost and markup of an asset – was supported by a syndicate of 20 international and regional financial institutions, PIF said in a statement. […] January 6, 2025 Real Estate Saudi Arabia embraces mortgage-backed securities Saudi officials have signed a preliminary deal this week to issue residential mortgage-backed securities, a first for the Gulf. The Saudi Real Estate Refinance Company (SRC), which is owned by the Public Investment Fund (PIF), and the Hassana Investment Company, which manages the assets of the national social security and pension fund, signed the memorandum […] January 3, 2025 Economy Mubadala beats PIF in global sovereign spend in 2024 Abu Dhabi’s Mubadala Investment Company outpaced Saudi Arabia’s Public Investment Fund in spending last year after the PIF reduced its global investments in 2024. Mubadala and its subsidiaries invested $29.2 billion in 2024, up from $17.5 billion in 2023, Reuters reported citing the preliminary data from research company Global SWF. That accounted for nearly 20 […] January 2, 2025 Business of Sport World Cup contractors may have to register in Saudi Foreign companies hoping to capitalise on Saudi Arabia’s SAR100 billion ($26.6 billion) World Cup preparations must be registered in the kingdom, according to the chief executive of a leading Saudi-based investment company. “Don’t waste time offering services from abroad,” said Mohammed AlQahtani, CEO at Saudi Arabia Holding Company, a private equity firm in Riyadh, in […] December 31, 2024 Posts navigation Previous 1 … 15 16 17 … 95 Next
Energy PIF-backed Tabreed explores Saudi listing this year Tabreed District Cooling is planning to launch an initial public offering (IPO) on the Saudi stock market this year, according to a news report. Backed by the Public Investment Fund (PIF), the refrigeration and cooling company has hired Citigroup and SNB Capital for a potential flotation, Bloomberg reported, citing informed sources. While no final decisions […] January 10, 2025
Finance Saudi Arabia’s PIF invests $200m in JP Morgan fund Saudi Arabia’s Public Investment Fund has invested $200 million in a recently launched exchange-traded fund that tracks dollar-denominated bonds and sukuk issued by the kingdom’s government and quasi-state entities. The JP Morgan Saudi Arabia Aggregate Bond UCITS ETF, created in mid-December, is the first internationally listed fixed-income Saudi Arabian ETF. As such, it “further deepens […] January 9, 2025
Construction ‘Few other nations have dared to attempt this’ Architects and engineers tell AGBI about the positives and pitfalls of Saudi Arabia's push to build it all, 'all at once' January 9, 2025
Economy Tech companies fuel spike in Saudi business registrations Commercial business registrations in Saudi Arabia increased by more than two-thirds in the fourth quarter of 2024, led by a proliferation of technology-based companies setting up in the kingdom. Over 160,000 new records were issued throughout the three-month period, taking the number of active commercial registrations in the country to more than 1.6 million, according […] January 9, 2025
Real Estate Saudis sold on online home sales, says developer Roshn Saudi developer Roshn, a unit of the Public Investment Fund (PIF), said half of its home sales are now made online, marking a significant shift in the kingdom’s property market. Buyers on Roshn’s platform can verify their identity using national digital IDs, sign contracts electronically and make payments online, streamlining a process that traditionally required […] January 7, 2025
Banking and Finance Order book for $12bn Saudi bond 3 times oversubscribed Saudi Arabia has raised $12 billion from a three-tranche bond to meet its funding needs. The tranches of $5 billion, $3 billion and $4 billion have a duration of three, six and 10 years, respectively, the National Debt Management Center (NDMC) said in a post on social messaging platform X. The total order book reached […] January 7, 2025
Finance Saudi Arabia’s PIF secures $7bn investment financing Saudi Arabia’s Public Investment Fund (PIF) has raised $7 billion to finance future investments. The fund’s murabaha credit facility – a common Islamic financing tool in which buyer and seller agree to cost and markup of an asset – was supported by a syndicate of 20 international and regional financial institutions, PIF said in a statement. […] January 6, 2025
Real Estate Saudi Arabia embraces mortgage-backed securities Saudi officials have signed a preliminary deal this week to issue residential mortgage-backed securities, a first for the Gulf. The Saudi Real Estate Refinance Company (SRC), which is owned by the Public Investment Fund (PIF), and the Hassana Investment Company, which manages the assets of the national social security and pension fund, signed the memorandum […] January 3, 2025
Economy Mubadala beats PIF in global sovereign spend in 2024 Abu Dhabi’s Mubadala Investment Company outpaced Saudi Arabia’s Public Investment Fund in spending last year after the PIF reduced its global investments in 2024. Mubadala and its subsidiaries invested $29.2 billion in 2024, up from $17.5 billion in 2023, Reuters reported citing the preliminary data from research company Global SWF. That accounted for nearly 20 […] January 2, 2025
Business of Sport World Cup contractors may have to register in Saudi Foreign companies hoping to capitalise on Saudi Arabia’s SAR100 billion ($26.6 billion) World Cup preparations must be registered in the kingdom, according to the chief executive of a leading Saudi-based investment company. “Don’t waste time offering services from abroad,” said Mohammed AlQahtani, CEO at Saudi Arabia Holding Company, a private equity firm in Riyadh, in […] December 31, 2024
