Company Insights Public Investment Fund (PIF) Finance Public Investment Fund (PIF) News Banking and Finance Bahrain’s Mumtalakat reports biggest profit in its history Bahrain’s sovereign wealth fund Mumtalakat has posted the biggest profit in its 19-year history, reversing a loss in 2023, according to the Bahrain News Agency. Its consolidated net profit reached BD363 million ($963 million) in 2024, versus a net loss of BD497 million the year before, the state-run agency reported. “The past year marked a […] May 7, 2025 Aviation Profitable Flynas to launch IPO this month Low-cost carrier Flynas will launch a share sale on the local stock exchange this month in the latest in a series of initial public offerings (IPOs) by Saudi companies. The subscription will run from May 28 to June 1, 2025, according to the company’s prospectus. The airline, part owned by billionaire Prince Alwaleed Bin Talal, is selling […] May 6, 2025 Markets PIF’s US portfolio weathers ‘Liberation Day’ storm It has been a month since President Trump’s “Liberation Day” and a near tripling in US tariffs on imports to their highest in more than a century, after which global financial markets plunged. Overall, however, Saudi Arabia’s $940 billion Public Investment Fund (PIF) has not come out of it too badly. So far, anyway. On […] May 2, 2025 Analysis Tech AI will be front and centre during Trump’s Gulf trip Artificial intelligence is expected to be top of the agenda during US president Donald Trump’s visit to Qatar, Saudi Arabia and the United Arab Emirates in mid-May, with officials from all sides eager to announce fresh partnerships. Discussions are likely to focus on securing more GCC investments into US technology and expanding Gulf states’ access […] May 2, 2025 Economy Oil price slump hits Saudi Arabia’s economic growth Growth in Saudi Arabia slowed in the first quarter of 2025 amid depressed oil prices and fears of an escalating global trade war. Figures released by the General Authority for Statistics on Thursday showed that the non-oil economy grew by 4.2 percent, while real GDP grew by just 2.7 percent. Oil activities contracted by 1.4 […] May 1, 2025 Banking and Finance PIF raises $1.25bn from year’s second debt sale Saudi Arabia’s Public Investment Fund (PIF) has sold $1.25 billion in 7-year sukuk, tapping the bond market for the second time this year. The sovereign wealth fund was able to lower the price guidance to 110 basis points (bps) over US Treasuries from 140 bps over the same benchmark released earlier in the day after […] May 1, 2025 Tourism AlUla expects record tourism in 2026 after marketing push AlUla, one of Saudi Arabia’s flagship tourism projects, is expecting a record year for visits in 2026, following an international marketing campaign targeting overseas travellers who typically stay longer and generate more yield. The oasis resort in Medina province received 286,000 visitors last year, up by a fifth on 2023, according to the Royal Commission […] May 1, 2025 Giga-projects PIF’s Red Sea Global plans Saudi and overseas expansion Red Sea Global is expanding beyond its west coast base to develop hotels and other projects in Saudi Arabia and overseas, a company executive has said. The company will probably announce a new project in a Saudi city later this year, head of hospitality Sébastien Carre told AGBI on the sidelines of Arabian Travel Market […] April 30, 2025 Trade Ahead of Trump visit, New Jersey courts Gulf investment New Jersey Governor Phil Murphy is leading a mission to Saudi Arabia, the UAE and Bahrain as US states compete for a share of more than $2 trillion of investment and trade which Gulf Arab countries have pledged to the US over the next decade. The trip, which ends on Saturday, comes just two weeks […] April 30, 2025 Markets iMENA Group plans IPO with backing of PIF’s Sanabil A unit of Saudi Arabia’s Public Investment Fund (PIF) is investing in iMENA Group as the technology company seeks to raise $135 million from investors and prepare for an initial public offering. Riyadh-based Sanabil Investments – which is owned by $940 billion PIF – made the investment among other financiers including venture capital firm FJ […] April 29, 2025 Posts navigation Previous 1 … 6 7 8 … 101 Next
Banking and Finance Bahrain’s Mumtalakat reports biggest profit in its history Bahrain’s sovereign wealth fund Mumtalakat has posted the biggest profit in its 19-year history, reversing a loss in 2023, according to the Bahrain News Agency. Its consolidated net profit reached BD363 million ($963 million) in 2024, versus a net loss of BD497 million the year before, the state-run agency reported. “The past year marked a […] May 7, 2025
Aviation Profitable Flynas to launch IPO this month Low-cost carrier Flynas will launch a share sale on the local stock exchange this month in the latest in a series of initial public offerings (IPOs) by Saudi companies. The subscription will run from May 28 to June 1, 2025, according to the company’s prospectus. The airline, part owned by billionaire Prince Alwaleed Bin Talal, is selling […] May 6, 2025
Markets PIF’s US portfolio weathers ‘Liberation Day’ storm It has been a month since President Trump’s “Liberation Day” and a near tripling in US tariffs on imports to their highest in more than a century, after which global financial markets plunged. Overall, however, Saudi Arabia’s $940 billion Public Investment Fund (PIF) has not come out of it too badly. So far, anyway. On […] May 2, 2025
Analysis Tech AI will be front and centre during Trump’s Gulf trip Artificial intelligence is expected to be top of the agenda during US president Donald Trump’s visit to Qatar, Saudi Arabia and the United Arab Emirates in mid-May, with officials from all sides eager to announce fresh partnerships. Discussions are likely to focus on securing more GCC investments into US technology and expanding Gulf states’ access […] May 2, 2025
Economy Oil price slump hits Saudi Arabia’s economic growth Growth in Saudi Arabia slowed in the first quarter of 2025 amid depressed oil prices and fears of an escalating global trade war. Figures released by the General Authority for Statistics on Thursday showed that the non-oil economy grew by 4.2 percent, while real GDP grew by just 2.7 percent. Oil activities contracted by 1.4 […] May 1, 2025
Banking and Finance PIF raises $1.25bn from year’s second debt sale Saudi Arabia’s Public Investment Fund (PIF) has sold $1.25 billion in 7-year sukuk, tapping the bond market for the second time this year. The sovereign wealth fund was able to lower the price guidance to 110 basis points (bps) over US Treasuries from 140 bps over the same benchmark released earlier in the day after […] May 1, 2025
Tourism AlUla expects record tourism in 2026 after marketing push AlUla, one of Saudi Arabia’s flagship tourism projects, is expecting a record year for visits in 2026, following an international marketing campaign targeting overseas travellers who typically stay longer and generate more yield. The oasis resort in Medina province received 286,000 visitors last year, up by a fifth on 2023, according to the Royal Commission […] May 1, 2025
Giga-projects PIF’s Red Sea Global plans Saudi and overseas expansion Red Sea Global is expanding beyond its west coast base to develop hotels and other projects in Saudi Arabia and overseas, a company executive has said. The company will probably announce a new project in a Saudi city later this year, head of hospitality Sébastien Carre told AGBI on the sidelines of Arabian Travel Market […] April 30, 2025
Trade Ahead of Trump visit, New Jersey courts Gulf investment New Jersey Governor Phil Murphy is leading a mission to Saudi Arabia, the UAE and Bahrain as US states compete for a share of more than $2 trillion of investment and trade which Gulf Arab countries have pledged to the US over the next decade. The trip, which ends on Saturday, comes just two weeks […] April 30, 2025
Markets iMENA Group plans IPO with backing of PIF’s Sanabil A unit of Saudi Arabia’s Public Investment Fund (PIF) is investing in iMENA Group as the technology company seeks to raise $135 million from investors and prepare for an initial public offering. Riyadh-based Sanabil Investments – which is owned by $940 billion PIF – made the investment among other financiers including venture capital firm FJ […] April 29, 2025
