Company Insights Public Investment Fund (PIF) Public Investment Fund (PIF) News Analysis Markets Saudi Arabia leads international bond issuance Saudi Arabia is the leading emerging market issuer of sovereign and quasi-sovereign international bonds, and experts predict the kingdom will expand its borrowings further to help fund infrastructure spending. Saudi Arabia, the Middle East’s largest economy despite a 0.8 percent decline in real GDP last year, sold $26.8 billion of international bonds from January 1 […] September 5, 2024 Sovereign Wealth Funds Saudi wealth fund raises $2bn to support mega-projects The Public Investment Fund has raised $2 billion through a combination of sukuk (Islamic bond) and green bond offerings to support its mega-project pipeline. The Saudi wealth fund issued $1.5 billion in three-year sukuk and $500 million in green notes maturing in October 2032, Reuters said, citing a bank document. PIF has tapped into the global […] September 4, 2024 Real Estate ADQ’s Egypt project lights fire under region’s real estate The $35 billion investment by the Abu Dhabi sovereign wealth fund ADQ in Egypt’s tourism sector appears to have spurred a jump in real estate transactions on the country’s Mediterranean coast. In February ADQ unveiled its plan to build Egypt’s “largest new city” in Ras El-Hekma, and develop the coastal region into a Mediterranean vacation […] September 2, 2024 Retail Gaza boycotts fuel sales spike for Gulf beauty brands Homegrown beauty brands in the Middle East are benefiting from boycotts of international companies as a result of the Israel-Gaza conflict. The cosmetics giant L’Oreal said the boycotts had a two-percentage-point drag on its growth in the first half of the year, as consumers turned their backs on the Paris-based company which also owns the […] August 30, 2024 Analysis Markets PIF-backed Saudi companies increase dividends This week Saudi Arabia’s former telecom monopoly announced increased dividends. It became the latest company part-owned by the kingdom’s sovereign wealth fund and listed on Riyadh’s bourse to do so. The higher payouts provide a boost to the income of the Public Investment Fund, which it can then reinvest in higher-growth industries and accelerate Saudi’s […] August 30, 2024 Opinion Business of Sport Gulf sports wins are sidelined by the summer season An uncertain global economy has dampened sports investments fervour across the region August 29, 2024 Economy Saudi Arabia sets up new business park in Riyadh Saudi Arabia launched a new business park in Riyadh this week, backed by more than SAR1 billion ($270,000) in funding, in an effort to stimulate foreign investment and local job creation. The Boulevard Business Park is located in Riyadh’s Boulevard district which was recently host to the first e-sports ‘World Cup’, adding 60,000 square metres […] August 29, 2024 Finance PIF expands $15bn credit facility to 23 banks Saudi Arabia’s Public Investment Fund (PIF) has renewed a $15 billion credit facility with 23 global and regional banks for up to five years. Lower government oil revenues have put pressure on PIF’s funding of the country’s vast development projects, estimated to be worth $1.25 trillion. The sovereign wealth fund has $978 billion assets under […] August 28, 2024 Mining Saudi Arabia targets stake in Pakistan’s $6.5bn mining project Saudi Arabia plans to acquire a 15 percent stake in the Reko Diq mining project in Pakistan, according to a media report. The stake will be purchased through Manara Minerals, a joint venture between Saudi Arabian Mining Co (Maaden) and the sovereign Public Investment Fund (PIF), The Express Tribune, a Karachi-based news outlet, reported. The […] August 28, 2024 Analysis Telecoms Saudi Telecom’s share surge raises prospect of PIF stake sale Saudi Telecom Co’s surprise dividend increase announcement has propelled its stock to a 13-month high and increased the likelihood that majority shareholder the Public Investment Fund may sell some of its stake in the former telecom monopoly. On Sunday, STC said it would pay SAR0.55 ($0.15) per share each quarter for three years starting from […] August 28, 2024 Posts navigation Previous 1 … 30 31 32 … 95 Next
Analysis Markets Saudi Arabia leads international bond issuance Saudi Arabia is the leading emerging market issuer of sovereign and quasi-sovereign international bonds, and experts predict the kingdom will expand its borrowings further to help fund infrastructure spending. Saudi Arabia, the Middle East’s largest economy despite a 0.8 percent decline in real GDP last year, sold $26.8 billion of international bonds from January 1 […] September 5, 2024
Sovereign Wealth Funds Saudi wealth fund raises $2bn to support mega-projects The Public Investment Fund has raised $2 billion through a combination of sukuk (Islamic bond) and green bond offerings to support its mega-project pipeline. The Saudi wealth fund issued $1.5 billion in three-year sukuk and $500 million in green notes maturing in October 2032, Reuters said, citing a bank document. PIF has tapped into the global […] September 4, 2024
Real Estate ADQ’s Egypt project lights fire under region’s real estate The $35 billion investment by the Abu Dhabi sovereign wealth fund ADQ in Egypt’s tourism sector appears to have spurred a jump in real estate transactions on the country’s Mediterranean coast. In February ADQ unveiled its plan to build Egypt’s “largest new city” in Ras El-Hekma, and develop the coastal region into a Mediterranean vacation […] September 2, 2024
Retail Gaza boycotts fuel sales spike for Gulf beauty brands Homegrown beauty brands in the Middle East are benefiting from boycotts of international companies as a result of the Israel-Gaza conflict. The cosmetics giant L’Oreal said the boycotts had a two-percentage-point drag on its growth in the first half of the year, as consumers turned their backs on the Paris-based company which also owns the […] August 30, 2024
Analysis Markets PIF-backed Saudi companies increase dividends This week Saudi Arabia’s former telecom monopoly announced increased dividends. It became the latest company part-owned by the kingdom’s sovereign wealth fund and listed on Riyadh’s bourse to do so. The higher payouts provide a boost to the income of the Public Investment Fund, which it can then reinvest in higher-growth industries and accelerate Saudi’s […] August 30, 2024
Opinion Business of Sport Gulf sports wins are sidelined by the summer season An uncertain global economy has dampened sports investments fervour across the region August 29, 2024
Economy Saudi Arabia sets up new business park in Riyadh Saudi Arabia launched a new business park in Riyadh this week, backed by more than SAR1 billion ($270,000) in funding, in an effort to stimulate foreign investment and local job creation. The Boulevard Business Park is located in Riyadh’s Boulevard district which was recently host to the first e-sports ‘World Cup’, adding 60,000 square metres […] August 29, 2024
Finance PIF expands $15bn credit facility to 23 banks Saudi Arabia’s Public Investment Fund (PIF) has renewed a $15 billion credit facility with 23 global and regional banks for up to five years. Lower government oil revenues have put pressure on PIF’s funding of the country’s vast development projects, estimated to be worth $1.25 trillion. The sovereign wealth fund has $978 billion assets under […] August 28, 2024
Mining Saudi Arabia targets stake in Pakistan’s $6.5bn mining project Saudi Arabia plans to acquire a 15 percent stake in the Reko Diq mining project in Pakistan, according to a media report. The stake will be purchased through Manara Minerals, a joint venture between Saudi Arabian Mining Co (Maaden) and the sovereign Public Investment Fund (PIF), The Express Tribune, a Karachi-based news outlet, reported. The […] August 28, 2024
Analysis Telecoms Saudi Telecom’s share surge raises prospect of PIF stake sale Saudi Telecom Co’s surprise dividend increase announcement has propelled its stock to a 13-month high and increased the likelihood that majority shareholder the Public Investment Fund may sell some of its stake in the former telecom monopoly. On Sunday, STC said it would pay SAR0.55 ($0.15) per share each quarter for three years starting from […] August 28, 2024
