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Public Investment Fund (PIF)

Public Investment Fund (PIF) News

The recently launched life sciences company Mubadala Bio. Mubadala has reported a 9.1% jump in assets under management to 1.2 trillion dirhams

Mubadala’s $1bn sukuk order book oversubscribed five times

Abu Dhabi sovereign wealth fund Mubadala has sold $1 billion in 10-year US dollar-denominated Islamic bonds, or sukuk, in its first debt sale of the year, news service IFR said on Wednesday. Acting through the Mamoura Diversified Global Holding debt vehicle, Mubadala priced the bonds at 60 basis points (bps) over US treasuries, narrower than […]

Humain's Tareq Amin says the Saudi AI company is looking for a partner for its data centres business

Humain to bankroll AI startups with $10bn fund

Humain, Saudi Arabia’s state-backed artificial intelligence company, plans to launch a venture capital fund to support the country’s goal of becoming an AI superpower. The Humain Ventures fund will be set up this summer with $10 billion to invest in startups across the US, Europe and Asia, Tareq Amin, CEO of Humain, told the Financial […]

A new era of green energy for Malaysia as MIDA and Acwa Power join forces to develop 12.5 GW of sustainable projects with an initial $10 billion investment

Acwa Power enters Malaysia with $10bn investment plan

Saudi Arabian energy company Acwa Power and the state-backed Malaysian Investment Development Authority (MIDA) have agreed to collaborate on developing 12.5 gigawatts (GW) worth of green projects in Malaysia by 2040. The initial investment will amount to $10 billion, supporting Kuala Lumpur’s target of increasing its installed renewable energy capacity to 70 percent by 2050, […]

Despite falling oil prices, Saudi Aramco's recent $5 billion bond sale saw strong investor demand, signalling confidence in the energy giant

Aramco defies oil slump with strong $5bn bond sale

Saudi Aramco’s $5 billion bond sale on Tuesday saw spreads tighten, suggesting a strong market appetite for the company’s debt despite falling oil prices. The state-owned oil company sold bonds in three tranches. A 5-year issue, which was priced at 80bps over US treasury bonds, tightened from its original 115bps guidance. The spread of a […]

A lone worker at a Saudi Aramco gas plant. The company plans to increase investment in natural gas and in overseas projects

US investors ‘would be first in line for any Aramco asset sale’

Asset sales could allow Saudi Aramco to maintain its capital expenditure plans and keep its government shareholders happy with dividends, analysts have said. The national oil company is reportedly looking for investors to buy stakes in its subsidiaries and infrastructure, with a particular focus on its $100 billion Jafurah gas field project, according to a […]

The PIF wind power with project with Acwa Power could generate enough power for a small city

PIF and Acwa Power to team up for 3GW wind farm

Saudi Arabia’s $940 billion Public Investment Fund (PIF) and its affiliate Acwa Power are working on a wind farm project to develop enough electricity to power three small cities, according to reports.  The wind power projects, one for 2 gigawatts and the other for 1GW, are part of the 2025 round of the country’s National […]

As Saudi Arabia gears up for mega-events like the 2034 World Cup, a significant skills gap in tourism and hospitality looms

Skills shortage a concern for Saudi’s big-ticket events

Saudi Arabia’s tourism and hospitality sector is suffering a skills shortage which it urgently needs to address before hosting some of the world’s biggest events, the CEO of one of the kingdom’s giga-project companies said. Of these events, perhaps the biggest is the 2034 World Cup. But before that lies a host of others as […]

With a $5 billion agreement from Saudi Arabia's PIF, Franklin Templeton is set to build local asset management capabilities and expand capital markets, especially for SMEs

Franklin Templeton plans Saudi products with $5bn PIF agreement

US asset manager Franklin Templeton says it plans to create and introduce financial products in Saudi Arabia that takes advantage of both international investor interest in the largest Arab economy as well as local appetite for global markets. This comes after the company agreed in principle last week with the Public Investment Fund (PIF) to […]