Company Insights Public Investment Fund (PIF) Finance Public Investment Fund (PIF) News Health PIF sets up company to help Saudi women get fitter Saudi Arabia’s sovereign wealth fund has launched a company aimed at improving the health and wellbeing of women in the kingdom. The business, Kayanee, will focus on fitness, apparel, personal care and treatments, nutrition and diagnostics, healthy eating and learning. The Public Investment Fund-backed company will be chaired by Princess Reema bint Bandar Al Saud, […] August 7, 2023 Opinion Business of Sport Saudi Arabia: The making of a sports nation The kingdom has crafted a genuine vision aimed at building a sports ecosystem August 7, 2023 Finance PIF says assets hit $594bn despite $16bn loss in 2022 Saudi Arabia’s Public Investment Fund (PIF) said gross assets under management (AUM) exceeded SAR2.23 trillion ($594.43 billion) in 2022, rising 12.62 percent from the previous year. International investments made up 23 percent of its AUM, worth SAR512 billion, while 68 percent were local investments (SAR1.72 trillion), PIF said in its annual report for 2022. The […] August 7, 2023 Renewable Energy France’s Engie ramps up Middle East renewables push French utilities firm Engie is closing in on several opportunities in the Middle East as it looks to the region to help it hit targets to double renewables generation to 80 gigawatts by 2030. “We are trying to identify the best geographies for renewables and clearly the Middle East is one of those,” said Frédéric Claux, […] August 7, 2023 EXCLUSIVE Business of Sport Baseball ready to strike home run in the Middle East When the opening pitch is thrown at Dubai International Stadium in November it will signal the official start of the first ever professional baseball league in the Middle East and South Asia. And the power broker behind the ambitious project hopes the 25,000-seater venue will be at least a quarter full to mark the inaugural […] August 6, 2023 Manufacturing Sabic profit slumps 85% as recovery slows Saudi Basic Industries Corp (Sabic), one of the world’s largest petrochemical companies, has reported an 85 percent slump in net profit to SAR 1.8 billion ($480 million) during the first half of this year. Sabic’s shares have fallen 4.6 percent since January, and remained mostly flat after the results were released. Experts said a recovery […] August 3, 2023 Analysis Banking and Finance Gulf sovereign wealth funds vary recipes for success Gulf sovereign wealth funds are pursuing differing investment strategies when it comes to the way they buy into target companies, according to a report by analyst Global SWF Institute. The paper highlights how the Kuwait Investment Authority (KIA) and Investment Corporation of Dubai prioritise buying into target assets via funds, while Saudi Arabia’s Public Investment […] August 3, 2023 Tech Mubadala buys minority stake in US data centre firm Abu Dhabi sovereign investor Mubadala Investment Company has taken a minority stake in a US-based data centre company, as it ramps up its global investments in digital infrastructure. Texas-headquartered Aligned Data Centres (Aligned) has the majority of its operations in North America, but this year has expanded into Latin America by acquiring LatAm data centre […] August 3, 2023 Analysis Agriculture Saudi and Brazil sow seeds to partner on food security Saudi Arabia is intensifying its trade and investment ties with Latin America in pursuit of food security and green energy, as a ministry-led delegation hunts for opportunities in Brazil, Chile, Costa Rica, Argentina, Panama and Paraguay. A visit to São Paulo earlier this week by Khalid al-Falih, Saudi minister of investment, coincided with a Brazilian […] August 3, 2023 Energy PIF-backed contractor to buy Dubai energy services firm Saudi contracting firm Nesma & Partners has agreed to acquire Kent, a Dubai-based privately-owned energy services provider. The company, which is partly owned by Saudi Arabia’s Public Investment Fund (PIF), will close the acquisition of Kent by year-end, subject to regulatory approvals. The value of the deal was not given. Kent, backed by UK-based energy […] August 2, 2023 Posts navigation Previous 1 … 70 71 72 … 96 Next
Health PIF sets up company to help Saudi women get fitter Saudi Arabia’s sovereign wealth fund has launched a company aimed at improving the health and wellbeing of women in the kingdom. The business, Kayanee, will focus on fitness, apparel, personal care and treatments, nutrition and diagnostics, healthy eating and learning. The Public Investment Fund-backed company will be chaired by Princess Reema bint Bandar Al Saud, […] August 7, 2023
Opinion Business of Sport Saudi Arabia: The making of a sports nation The kingdom has crafted a genuine vision aimed at building a sports ecosystem August 7, 2023
Finance PIF says assets hit $594bn despite $16bn loss in 2022 Saudi Arabia’s Public Investment Fund (PIF) said gross assets under management (AUM) exceeded SAR2.23 trillion ($594.43 billion) in 2022, rising 12.62 percent from the previous year. International investments made up 23 percent of its AUM, worth SAR512 billion, while 68 percent were local investments (SAR1.72 trillion), PIF said in its annual report for 2022. The […] August 7, 2023
Renewable Energy France’s Engie ramps up Middle East renewables push French utilities firm Engie is closing in on several opportunities in the Middle East as it looks to the region to help it hit targets to double renewables generation to 80 gigawatts by 2030. “We are trying to identify the best geographies for renewables and clearly the Middle East is one of those,” said Frédéric Claux, […] August 7, 2023
EXCLUSIVE Business of Sport Baseball ready to strike home run in the Middle East When the opening pitch is thrown at Dubai International Stadium in November it will signal the official start of the first ever professional baseball league in the Middle East and South Asia. And the power broker behind the ambitious project hopes the 25,000-seater venue will be at least a quarter full to mark the inaugural […] August 6, 2023
Manufacturing Sabic profit slumps 85% as recovery slows Saudi Basic Industries Corp (Sabic), one of the world’s largest petrochemical companies, has reported an 85 percent slump in net profit to SAR 1.8 billion ($480 million) during the first half of this year. Sabic’s shares have fallen 4.6 percent since January, and remained mostly flat after the results were released. Experts said a recovery […] August 3, 2023
Analysis Banking and Finance Gulf sovereign wealth funds vary recipes for success Gulf sovereign wealth funds are pursuing differing investment strategies when it comes to the way they buy into target companies, according to a report by analyst Global SWF Institute. The paper highlights how the Kuwait Investment Authority (KIA) and Investment Corporation of Dubai prioritise buying into target assets via funds, while Saudi Arabia’s Public Investment […] August 3, 2023
Tech Mubadala buys minority stake in US data centre firm Abu Dhabi sovereign investor Mubadala Investment Company has taken a minority stake in a US-based data centre company, as it ramps up its global investments in digital infrastructure. Texas-headquartered Aligned Data Centres (Aligned) has the majority of its operations in North America, but this year has expanded into Latin America by acquiring LatAm data centre […] August 3, 2023
Analysis Agriculture Saudi and Brazil sow seeds to partner on food security Saudi Arabia is intensifying its trade and investment ties with Latin America in pursuit of food security and green energy, as a ministry-led delegation hunts for opportunities in Brazil, Chile, Costa Rica, Argentina, Panama and Paraguay. A visit to São Paulo earlier this week by Khalid al-Falih, Saudi minister of investment, coincided with a Brazilian […] August 3, 2023
Energy PIF-backed contractor to buy Dubai energy services firm Saudi contracting firm Nesma & Partners has agreed to acquire Kent, a Dubai-based privately-owned energy services provider. The company, which is partly owned by Saudi Arabia’s Public Investment Fund (PIF), will close the acquisition of Kent by year-end, subject to regulatory approvals. The value of the deal was not given. Kent, backed by UK-based energy […] August 2, 2023
