Company Insights Public Investment Fund (PIF) Finance Public Investment Fund (PIF) News Analysis Food & Drink Bean there, done that: Saudi takes coffee to US and Europe Saudi Arabia is targeting some of the world’s biggest cities as part of its campaign to promote the kingdom’s burgeoning coffee sector. The Ministry of Culture said it concluded a campaign this week to introduce Saudi coffee to New York, London, Rome and Paris as the country’s Year of Saudi Coffee 2022 initiative gathers pace. […] October 18, 2022 Analysis Economy Egypt aims to double private sector to tackle economic woes Weakened by the consequences of the war in Ukraine, Egypt has been forced to negotiate a new loan from the International Monetary Fund and wants to double the private sector’s share in its economy. By 2025 Egypt’s government wants the country’s private sector’s investment contribution to more than double to 65 percent from the current […] October 17, 2022 Zain KSA seals transfer of its telecom towers to PIF-led group Mobile telecommunications company Zain KSA has transferred ownership of its unit Zain Business to Saudi Arabia’s Public Investment Fund, enabling the sale of its towers infrastructure. PIF has changed the unit’s name to Golden Lattice Investment Company (GLI), the telco said in a statement published on the Saudi exchange, or Tadawul. The sale of 8,069 […] October 17, 2022 Exclusive Business of Sport Saudi’s Newcastle Utd deal looks to kick start regeneration funding The purchase of Newcastle United FC by Saudi Arabia’s sovereign wealth fund could open doors to wider investments in regeneration projects in the North East of England, according to the executive director of the Saudi British Joint Business Council, who will visit the area later this month to review potential opportunities. Chris Innes-Hopkins said that […] October 7, 2022 Economy IMF head urges more Saudi reforms as economy expands The head of the International Monetary Fund (IMF) has urged Saudi Arabia to maintain its reform momentum to help achieve longer-term prosperity as the economy continued to expand during September. IMF managing director Kristalina Georgieva hailed the “impressive progress” in implementing Saudi’s Vision 2030 reform agenda, notably the doubling of the share of women in […] October 4, 2022 Real Estate New PIF firm to build mixed-use destinations in 12 Saudi cities Saudi Crown Prince Mohammed Bin Salman and chairman of the Public Investment Fund (PIF), has launched Saudi Downtown Company (SDC), which seeks to build and develop downtown areas and mixed-use destinations in 12 Saudi cities. The cities include Madinah, Al Khobar, Al Ahsa, Buraidah, Najran, Jazan, Hail, Al Baha, Arar, Taif, Dumat Al Jandal, and Tabuk. […] October 4, 2022 Economy PIF-owned Savvy Games unveils $37.8bn global ambition strategy Saudi Arabia’s Savvy Games Group, wholly-owned by the Public Investment Fund (PIF), will invest SAR 142 billion ($37.8 billion) across four programmes that aim to make the kingdom a global hub for gaming by 2030. The initiatives will include SAR 70 billion to take several minority stakes in companies that support Savvy’s game development agenda […] September 30, 2022 Banking & Finance Saudi wealth fund’s returns hit 25% in 2021 as markets recover The Public Investment Fund (PIF), the Saudi sovereign wealth fund, offered 25 percent returns to shareholders last year as global stock markets rebounded, Bloomberg reported, citing the fund’s prospectus for its debt green bond sale. Investor returns more than doubled from an annual average of 12 percent between 2017 and 2020. However, 2021 returns matched […] September 28, 2022 Analysis Economy Will latest interest hike dampen GCC’s non-oil sector recovery? GCC central banks raised their interest rates on Wednesday, in lockstep with the US Federal Reserve, raising concerns as to whether this will disincentivise borrowing in the region’s non-oil sector and result in a slowdown in the post-pandemic recovery. However, consensus among the analysts AGBI spoke to was that the impact of the current levels […] September 23, 2022 Economy New CEO named for Saudi’s $1.3trn private sector push A new CEO has been appointed to the Private Sector Partnership Reinforcement Program which aims to facilitate investments of $1.33 trillion from Saudi private sector businesses by 2030. Abdulaziz bin Abdulrahman Al-Arifi, advisor to the Secretariat General of the Cabinet and a former CEO of finance at Jadwa Investment, has been hired to lead the […] September 21, 2022 Posts navigation Previous 1 … 88 89 90 … 95 Next
Analysis Food & Drink Bean there, done that: Saudi takes coffee to US and Europe Saudi Arabia is targeting some of the world’s biggest cities as part of its campaign to promote the kingdom’s burgeoning coffee sector. The Ministry of Culture said it concluded a campaign this week to introduce Saudi coffee to New York, London, Rome and Paris as the country’s Year of Saudi Coffee 2022 initiative gathers pace. […] October 18, 2022
Analysis Economy Egypt aims to double private sector to tackle economic woes Weakened by the consequences of the war in Ukraine, Egypt has been forced to negotiate a new loan from the International Monetary Fund and wants to double the private sector’s share in its economy. By 2025 Egypt’s government wants the country’s private sector’s investment contribution to more than double to 65 percent from the current […] October 17, 2022
Zain KSA seals transfer of its telecom towers to PIF-led group Mobile telecommunications company Zain KSA has transferred ownership of its unit Zain Business to Saudi Arabia’s Public Investment Fund, enabling the sale of its towers infrastructure. PIF has changed the unit’s name to Golden Lattice Investment Company (GLI), the telco said in a statement published on the Saudi exchange, or Tadawul. The sale of 8,069 […] October 17, 2022
Exclusive Business of Sport Saudi’s Newcastle Utd deal looks to kick start regeneration funding The purchase of Newcastle United FC by Saudi Arabia’s sovereign wealth fund could open doors to wider investments in regeneration projects in the North East of England, according to the executive director of the Saudi British Joint Business Council, who will visit the area later this month to review potential opportunities. Chris Innes-Hopkins said that […] October 7, 2022
Economy IMF head urges more Saudi reforms as economy expands The head of the International Monetary Fund (IMF) has urged Saudi Arabia to maintain its reform momentum to help achieve longer-term prosperity as the economy continued to expand during September. IMF managing director Kristalina Georgieva hailed the “impressive progress” in implementing Saudi’s Vision 2030 reform agenda, notably the doubling of the share of women in […] October 4, 2022
Real Estate New PIF firm to build mixed-use destinations in 12 Saudi cities Saudi Crown Prince Mohammed Bin Salman and chairman of the Public Investment Fund (PIF), has launched Saudi Downtown Company (SDC), which seeks to build and develop downtown areas and mixed-use destinations in 12 Saudi cities. The cities include Madinah, Al Khobar, Al Ahsa, Buraidah, Najran, Jazan, Hail, Al Baha, Arar, Taif, Dumat Al Jandal, and Tabuk. […] October 4, 2022
Economy PIF-owned Savvy Games unveils $37.8bn global ambition strategy Saudi Arabia’s Savvy Games Group, wholly-owned by the Public Investment Fund (PIF), will invest SAR 142 billion ($37.8 billion) across four programmes that aim to make the kingdom a global hub for gaming by 2030. The initiatives will include SAR 70 billion to take several minority stakes in companies that support Savvy’s game development agenda […] September 30, 2022
Banking & Finance Saudi wealth fund’s returns hit 25% in 2021 as markets recover The Public Investment Fund (PIF), the Saudi sovereign wealth fund, offered 25 percent returns to shareholders last year as global stock markets rebounded, Bloomberg reported, citing the fund’s prospectus for its debt green bond sale. Investor returns more than doubled from an annual average of 12 percent between 2017 and 2020. However, 2021 returns matched […] September 28, 2022
Analysis Economy Will latest interest hike dampen GCC’s non-oil sector recovery? GCC central banks raised their interest rates on Wednesday, in lockstep with the US Federal Reserve, raising concerns as to whether this will disincentivise borrowing in the region’s non-oil sector and result in a slowdown in the post-pandemic recovery. However, consensus among the analysts AGBI spoke to was that the impact of the current levels […] September 23, 2022
Economy New CEO named for Saudi’s $1.3trn private sector push A new CEO has been appointed to the Private Sector Partnership Reinforcement Program which aims to facilitate investments of $1.33 trillion from Saudi private sector businesses by 2030. Abdulaziz bin Abdulrahman Al-Arifi, advisor to the Secretariat General of the Cabinet and a former CEO of finance at Jadwa Investment, has been hired to lead the […] September 21, 2022
