Company Insights Public Investment Fund (PIF) Finance Public Investment Fund (PIF) News Sustainability Saudi and French companies link up for green projects Saudi Arabia and France have signed commercial agreements to push the development of renewables and green fuel production in the kingdom. The agreements were signed at the Saudi-French Investment Forum, attended by French president Emmanuel Macron in Riyadh. Saudi Aramco, Saudi Investment Recycling Company (SIRC), a subsidiary of the Public Investment Fund (PIF), and France’s […] December 4, 2024 Analysis Mining Critical minerals become a Middle East battleground Saudi Arabia’s efforts to boost domestic processing of so-called critical minerals could redraw the mining industry’s regional and global supply chains, industry observers say. Critical minerals are defined as materials required for a country’s strategic industries where there is a risk of interruption to supply. They include lithium, for making batteries, platinum, used in fuel […] December 4, 2024 Gaming PIF continues to trim stake in Japan’s Nintendo The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has further reduced its holding Japanese gaming company Nintendo. In the latest move, PIF cut its holding to 5.26 percent from 6.3 percent, the second reduction this month. The fund lowered its stake to 6.3 percent from 7.5 percent on November 13. The news comes despite comments […] December 3, 2024 Business of Sport PIF in talks to unite world golf tournaments Saudi Arabia’s Public Investment Fund (PIF) is engaged in two separate series of talks to unify the main world golf tournaments, after it disrupted the sport by setting up its upstart LIV Golf tour. The controversial launch of the LIV tour thrust Saudi Arabia and its $925 billion sovereign wealth fund into a multi-billion industry […] November 29, 2024 Telecoms STC allowed to raise holding in Spain’s Telefonica Saudi Arabia’s STC Group has received the green light from the Spanish government to increase its stake in telecoms group Telefonica. The approval allows the Saudi telecom to raise its holding from 4.97 percent to 9.97 percent and appoint a board member, the company said in a statement to the Saudi bourse on Thursday. The […] November 29, 2024 Manufacturing PIF-backed Aston Martin to raise $266m, warns on profits Aston Martin, the British luxury carmaker part-owned by Saudi Arabia’s Public Investment Fund, is looking to raise £211 million ($266 million) by issuing new shares and taking on more debt. At the same time it warned that annual profits could be down as much as 11 percent because of delays in delivering cars. The company […] November 29, 2024 Energy Strong institutional demand for latest Omani IPO OQ Base Industries (OQBI) has attracted strong institutional interest in its $490 million initial public offering (IPO), the Omani business’s parent company said on Thursday. OQBI, which produces methanol, ammonia and liquefied petroleum gas, will be the third subsidiary of Omani state oil company OQ to float and join Muscat’s bourse. The Omani government is […] November 28, 2024 Analysis Agriculture Down on the farm, Saudi Arabia has a $9.8bn hole to fill The Saudi government is stepping up efforts to attract investors to its agriculture sector after identifying a funding gap of SAR37 billion ($9.8 billion). The Ministry of Environment, Water and Agriculture says there are investment opportunities in plant and animal production, as well as fisheries, processing, manufacture of agricultural products and infrastructure development. Saudi Arabia […] November 28, 2024 Analysis Oil & Gas Aramco’s debt push threatens Saudi banks’ liquidity Saudi Aramco’s plans to keep tapping the local debt market could place further liquidity pressures on the country’s banking sector, as the government looks for new ways to raise cash for its economic development plans. The oil giant’s chief financial officer Ziad Al-Murshed told Bloomberg last week that plans were underway to take on more […] November 26, 2024 Analysis Aviation Riyadh Air secures unprecedented number of airport slots Riyadh Air has secured more than 2,500 slots at Riyadh King Khalid International Airport, positioning itself as the fourth-largest carrier at the capital’s main gateway as it prepares to launch operations in the summer 2025 season, according to filings by Airport Coordination Limited. The allocation marks a striking start for the state-backed carrier, which aims […] November 25, 2024 Posts navigation Previous 1 … 19 20 21 … 96 Next
Sustainability Saudi and French companies link up for green projects Saudi Arabia and France have signed commercial agreements to push the development of renewables and green fuel production in the kingdom. The agreements were signed at the Saudi-French Investment Forum, attended by French president Emmanuel Macron in Riyadh. Saudi Aramco, Saudi Investment Recycling Company (SIRC), a subsidiary of the Public Investment Fund (PIF), and France’s […] December 4, 2024
Analysis Mining Critical minerals become a Middle East battleground Saudi Arabia’s efforts to boost domestic processing of so-called critical minerals could redraw the mining industry’s regional and global supply chains, industry observers say. Critical minerals are defined as materials required for a country’s strategic industries where there is a risk of interruption to supply. They include lithium, for making batteries, platinum, used in fuel […] December 4, 2024
Gaming PIF continues to trim stake in Japan’s Nintendo The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has further reduced its holding Japanese gaming company Nintendo. In the latest move, PIF cut its holding to 5.26 percent from 6.3 percent, the second reduction this month. The fund lowered its stake to 6.3 percent from 7.5 percent on November 13. The news comes despite comments […] December 3, 2024
Business of Sport PIF in talks to unite world golf tournaments Saudi Arabia’s Public Investment Fund (PIF) is engaged in two separate series of talks to unify the main world golf tournaments, after it disrupted the sport by setting up its upstart LIV Golf tour. The controversial launch of the LIV tour thrust Saudi Arabia and its $925 billion sovereign wealth fund into a multi-billion industry […] November 29, 2024
Telecoms STC allowed to raise holding in Spain’s Telefonica Saudi Arabia’s STC Group has received the green light from the Spanish government to increase its stake in telecoms group Telefonica. The approval allows the Saudi telecom to raise its holding from 4.97 percent to 9.97 percent and appoint a board member, the company said in a statement to the Saudi bourse on Thursday. The […] November 29, 2024
Manufacturing PIF-backed Aston Martin to raise $266m, warns on profits Aston Martin, the British luxury carmaker part-owned by Saudi Arabia’s Public Investment Fund, is looking to raise £211 million ($266 million) by issuing new shares and taking on more debt. At the same time it warned that annual profits could be down as much as 11 percent because of delays in delivering cars. The company […] November 29, 2024
Energy Strong institutional demand for latest Omani IPO OQ Base Industries (OQBI) has attracted strong institutional interest in its $490 million initial public offering (IPO), the Omani business’s parent company said on Thursday. OQBI, which produces methanol, ammonia and liquefied petroleum gas, will be the third subsidiary of Omani state oil company OQ to float and join Muscat’s bourse. The Omani government is […] November 28, 2024
Analysis Agriculture Down on the farm, Saudi Arabia has a $9.8bn hole to fill The Saudi government is stepping up efforts to attract investors to its agriculture sector after identifying a funding gap of SAR37 billion ($9.8 billion). The Ministry of Environment, Water and Agriculture says there are investment opportunities in plant and animal production, as well as fisheries, processing, manufacture of agricultural products and infrastructure development. Saudi Arabia […] November 28, 2024
Analysis Oil & Gas Aramco’s debt push threatens Saudi banks’ liquidity Saudi Aramco’s plans to keep tapping the local debt market could place further liquidity pressures on the country’s banking sector, as the government looks for new ways to raise cash for its economic development plans. The oil giant’s chief financial officer Ziad Al-Murshed told Bloomberg last week that plans were underway to take on more […] November 26, 2024
Analysis Aviation Riyadh Air secures unprecedented number of airport slots Riyadh Air has secured more than 2,500 slots at Riyadh King Khalid International Airport, positioning itself as the fourth-largest carrier at the capital’s main gateway as it prepares to launch operations in the summer 2025 season, according to filings by Airport Coordination Limited. The allocation marks a striking start for the state-backed carrier, which aims […] November 25, 2024
