Company Insights Public Investment Fund (PIF) Finance Public Investment Fund (PIF) News Renewable Energy Work gains pace at Neom’s $8.4bn green hydrogen plant Work on Saudi Arabia’s Neom green hydrogen project is 80 percent complete, with renewable energy production set to start next year, the developer behind the plans has confirmed. “Construction of the world’s largest green hydrogen plant is advancing rapidly,” Neom Green Hydrogen Company (NGHC) said in a statement. Progress has been made across the $8.4 billion green […] June 6, 2025 Business of Sport PIF backs Fifa Club World Cup in the US Saudi Arabia’s Public Investment Fund (PIF) will be the official partner of the month-long Fifa Club World Cup 2025, which will take place in the US from June 14. The sovereign wealth fund has signed an agreement with football’s governing body, Fifa, to fuel growth and engagement in football, the $940 billion Saudi sovereign wealth […] June 6, 2025 Opinion Markets From petrostate to deal state: Gulf IPO markets mature The Gulf's regional exchanges are defying the global slowdown and outperforming their Western peers June 4, 2025 Finance Saudi Arabia targets $12.6bn from bonds for rest of 2025 Saudi Arabia is expected to issue $12.6 billion in bonds for the remainder of the year, JPMorgan said, as the kingdom resorts to the debt markets amid huge investments to overhaul its economy and lower oil prices. The Gulf country, which forecasts a budget deficit of $26.9 billion this year, is seeking funds to invest in […] June 4, 2025 Analysis Real Estate Medina plays catch-up to Mecca’s expansion Hajj pilgrims arriving at the Grand Mosque in Mecca this week will be the first in more than a decade to see a skyline free of construction cranes. Now that the long-delayed expansion of Islam’s holiest site is complete, the cranes that long dominated the area have been taken down. The renovations have doubled the […] June 4, 2025 Analysis Finance Oversubscribed Flynas IPO offers hope for other Saudi listings The Saudi budget airline Flynas announced that the retail tranche of its initial public offering (IPO) was oversubscribed four and a half times. The news offers hope for upcoming IPOs in the kingdom following a fall in the share price of United Carton Industries Company (UCIC) after it listed on the main market last week. […] June 3, 2025 Agriculture PIF-backed Olam Agri raises nearly $2bn Singapore-based agribusiness Olam Agri Holdings, partially owned by Saudi Arabia’s Public Investment Fund (PIF), has secured $1.85 billion in financing to support its business goals. The dual-tranche conventional and Islamic facility was raised by Olam Global Agri and Olam Global Agri Treasury Pte, two subsidiaries of Olam Agri — which sources, processes, trades and distributes […] June 3, 2025 Tourism PIF unit commits millions to back Aseer province growth Ardara, a wholly owned subsidiary of the Public Investment Fund (PIF), is making multi-million-dollar investment in Aseer province in the south of the kingdom to support urban development in line with Vision 2030. Work was launched this week on AlWadi – meaning “the valley”– after it was first announced in October 2023, the state-run Saudi Press […] May 30, 2025 Artificial Intelligence ‘Wins for America’: Nvidia chief hails Gulf deals Nvidia CEO Jensen Huang used a first-quarter earnings call on Wednesday to highlight artificial intelligence infrastructure deals in the UAE and Saudi Arabia, describing them as major US victories at a time when export controls have dented the company’s Chinese sales. Ahead of Nvidia’s Q1 call, the Financial Times reported that Trump had ordered US […] May 30, 2025 Oil & Gas Aramco to continue raising debt to fund expansion, says CEO Saudi Aramco will continue borrowing to support its expansion and effectively leverage its balance sheet, the head of the energy giant said. The Saudi-listed oil giant this week raised $5 billion in bonds as spreads tightened. The five-year issue, which was priced at 80 basis points (bps) over US treasury bonds, tightened from its original […] May 30, 2025 Posts navigation Previous 1 2 3 … 101 Next
Renewable Energy Work gains pace at Neom’s $8.4bn green hydrogen plant Work on Saudi Arabia’s Neom green hydrogen project is 80 percent complete, with renewable energy production set to start next year, the developer behind the plans has confirmed. “Construction of the world’s largest green hydrogen plant is advancing rapidly,” Neom Green Hydrogen Company (NGHC) said in a statement. Progress has been made across the $8.4 billion green […] June 6, 2025
Business of Sport PIF backs Fifa Club World Cup in the US Saudi Arabia’s Public Investment Fund (PIF) will be the official partner of the month-long Fifa Club World Cup 2025, which will take place in the US from June 14. The sovereign wealth fund has signed an agreement with football’s governing body, Fifa, to fuel growth and engagement in football, the $940 billion Saudi sovereign wealth […] June 6, 2025
Opinion Markets From petrostate to deal state: Gulf IPO markets mature The Gulf's regional exchanges are defying the global slowdown and outperforming their Western peers June 4, 2025
Finance Saudi Arabia targets $12.6bn from bonds for rest of 2025 Saudi Arabia is expected to issue $12.6 billion in bonds for the remainder of the year, JPMorgan said, as the kingdom resorts to the debt markets amid huge investments to overhaul its economy and lower oil prices. The Gulf country, which forecasts a budget deficit of $26.9 billion this year, is seeking funds to invest in […] June 4, 2025
Analysis Real Estate Medina plays catch-up to Mecca’s expansion Hajj pilgrims arriving at the Grand Mosque in Mecca this week will be the first in more than a decade to see a skyline free of construction cranes. Now that the long-delayed expansion of Islam’s holiest site is complete, the cranes that long dominated the area have been taken down. The renovations have doubled the […] June 4, 2025
Analysis Finance Oversubscribed Flynas IPO offers hope for other Saudi listings The Saudi budget airline Flynas announced that the retail tranche of its initial public offering (IPO) was oversubscribed four and a half times. The news offers hope for upcoming IPOs in the kingdom following a fall in the share price of United Carton Industries Company (UCIC) after it listed on the main market last week. […] June 3, 2025
Agriculture PIF-backed Olam Agri raises nearly $2bn Singapore-based agribusiness Olam Agri Holdings, partially owned by Saudi Arabia’s Public Investment Fund (PIF), has secured $1.85 billion in financing to support its business goals. The dual-tranche conventional and Islamic facility was raised by Olam Global Agri and Olam Global Agri Treasury Pte, two subsidiaries of Olam Agri — which sources, processes, trades and distributes […] June 3, 2025
Tourism PIF unit commits millions to back Aseer province growth Ardara, a wholly owned subsidiary of the Public Investment Fund (PIF), is making multi-million-dollar investment in Aseer province in the south of the kingdom to support urban development in line with Vision 2030. Work was launched this week on AlWadi – meaning “the valley”– after it was first announced in October 2023, the state-run Saudi Press […] May 30, 2025
Artificial Intelligence ‘Wins for America’: Nvidia chief hails Gulf deals Nvidia CEO Jensen Huang used a first-quarter earnings call on Wednesday to highlight artificial intelligence infrastructure deals in the UAE and Saudi Arabia, describing them as major US victories at a time when export controls have dented the company’s Chinese sales. Ahead of Nvidia’s Q1 call, the Financial Times reported that Trump had ordered US […] May 30, 2025
Oil & Gas Aramco to continue raising debt to fund expansion, says CEO Saudi Aramco will continue borrowing to support its expansion and effectively leverage its balance sheet, the head of the energy giant said. The Saudi-listed oil giant this week raised $5 billion in bonds as spreads tightened. The five-year issue, which was priced at 80 basis points (bps) over US treasury bonds, tightened from its original […] May 30, 2025
