Company Insights Public Investment Fund (PIF) Finance Latest Public Investment Fund (PIF) DevelopmentsAI Insights The Public Investment Fund has maintained a different US equity investment strategy compared to Mubadala Investment Co by holding stakes in 34 companies, many in the form of call options, unlike Mubadala which dealt with shares only1. PIF is planning a $100 billion mixed-use development called Project Paradise in Riyadh. This decision came even as PIF reduced spending on some key projects due to fiscal pressures and shifting priorities2. During Donald Trump's visit to Saudi Arabia PIF ordered up to 30 Boeing 737 MAX jets through its aircraft leasing company AviLease, contributing to agreements totalling nearly $2.5 trillion across various sectors3. PIF's exposure to Saudi National Bank's stake in Credit Suisse resulted in significant losses during the 2023 Credit Suisse crisis. As a result it expressed a decision to stop dealings with Swiss banks4. In response to declining oil prices and fiscal challenges, Saudi Aramco, leveraging its association with PIF, planned asset sales to maintain capital expenditure, potentially appealing to US investors5. Public Investment Fund (PIF) Overview Founded by royal decree by King Faisal bin Abdulaziz Al Saud in 1971, Saudi Arabia’s Public Investment Fund (PIF) was established as a mechanism for investment on behalf of the government. In July 2014 the PIF authority was granted permission to fund new companies inside and outside Saudi Arabia, either independently or in cooperation with the public and private sectors. PIF is aligned with the Saudi Arabian government’s Vision 2030 with the aim to diversify the economy and is one of the largest sovereign wealth funds in the world, with total estimated assets of US$930 billion. More than 60 percent of PIF’s investments are within Saudi Arabia, including giga-projects such as Neom, Rua al Madinah, Amaala and Qiddiya, as well as Acwa Power, Maaden, Riyadh Air, Saudi National Bank and Saudi Tadawul. PIF’s international investments include Accor, the Americana group, Blackstone, Jio Platforms, Lucid Motors, the Selfridges Group and Uber. PIF is also increasing its sport portfolio and partnerships, including establishing LIV golf and investing in English football club Newcastle United, as well as snooker, Formula 1, boxing, mixed martial arts, tennis, baseball and even darts. With headquarters in Digital City in Riyadh, PIF also has offices in London, Hong Kong and New York. Public Investment Fund (PIF) News Opinion Markets Looming ‘5 on 10’ crunch will concentrate minds in the Gulf The yield on 10-year US Treasury bills is creeping up towards 5% June 9, 2025 Analysis Finance The KIA maintains its low profile approach – for now Kuwait Investment Authority (KIA) is not only the oldest Gulf sovereign wealth fund, but also the most opaque. It publishes little information about its assets and usually invests abroad through asset managers rather than directly. Its low-profile approach contrasts with the likes of Saudi Arabia’s Public Investment Fund (PIF), Abu Dhabi’s Mubadala and the Qatar […] June 9, 2025 Analysis Finance Saudi Arabia demands more from global asset managers International asset managers looking to raise funds in Saudi Arabia can no longer do so as easily without establishing a presence in the kingdom and aligning their activities with the country’s Vision 2030 diversification goals, analysts say. Despite the kingdom’s commitment this year to invest and trade as much as $600 billion in the US […] June 9, 2025 Renewable Energy Work gains pace at Neom’s $8.4bn green hydrogen plant Work on Saudi Arabia’s Neom green hydrogen project is 80 percent complete, with renewable energy production set to start next year, the developer behind the plans has confirmed. “Construction of the world’s largest green hydrogen plant is advancing rapidly,” Neom Green Hydrogen Company (NGHC) said in a statement. Progress has been made across the $8.4 billion green […] June 6, 2025 Business of Sport PIF backs Fifa Club World Cup in the US Saudi Arabia’s Public Investment Fund (PIF) will be the official partner of the month-long Fifa Club World Cup 2025, which will take place in the US from June 14. The sovereign wealth fund has signed an agreement with football’s governing body, Fifa, to fuel growth and engagement in football, the $940 billion Saudi sovereign wealth […] June 6, 2025 Opinion Markets From petrostate to deal state: Gulf IPO markets mature The Gulf's regional exchanges are defying the global slowdown and outperforming their Western peers June 4, 2025 Finance Saudi Arabia targets $12.6bn from bonds for rest of 2025 Saudi Arabia is expected to issue $12.6 billion in bonds for the remainder of the year, JPMorgan said, as the kingdom resorts to the debt markets amid huge investments to overhaul its economy and lower oil prices. The Gulf country, which forecasts a budget deficit of $26.9 billion this year, is seeking funds to invest in […] June 4, 2025 Analysis Real Estate Medina plays catch-up to Mecca’s expansion Hajj pilgrims arriving at the Grand Mosque in Mecca this week will be the first in more than a decade to see a skyline free of construction cranes. Now that the long-delayed expansion of Islam’s holiest site is complete, the cranes that long dominated the area have been taken down. The renovations have doubled the […] June 4, 2025 Analysis Finance Oversubscribed Flynas IPO offers hope for other Saudi listings The Saudi budget airline Flynas announced that the retail tranche of its initial public offering (IPO) was oversubscribed four and a half times. The news offers hope for upcoming IPOs in the kingdom following a fall in the share price of United Carton Industries Company (UCIC) after it listed on the main market last week. […] June 3, 2025 Agriculture PIF-backed Olam Agri raises nearly $2bn Singapore-based agribusiness Olam Agri Holdings, partially owned by Saudi Arabia’s Public Investment Fund (PIF), has secured $1.85 billion in financing to support its business goals. The dual-tranche conventional and Islamic facility was raised by Olam Global Agri and Olam Global Agri Treasury Pte, two subsidiaries of Olam Agri — which sources, processes, trades and distributes […] June 3, 2025 Posts navigation 1 2 … 100 Next
Opinion Markets Looming ‘5 on 10’ crunch will concentrate minds in the Gulf The yield on 10-year US Treasury bills is creeping up towards 5% June 9, 2025
Analysis Finance The KIA maintains its low profile approach – for now Kuwait Investment Authority (KIA) is not only the oldest Gulf sovereign wealth fund, but also the most opaque. It publishes little information about its assets and usually invests abroad through asset managers rather than directly. Its low-profile approach contrasts with the likes of Saudi Arabia’s Public Investment Fund (PIF), Abu Dhabi’s Mubadala and the Qatar […] June 9, 2025
Analysis Finance Saudi Arabia demands more from global asset managers International asset managers looking to raise funds in Saudi Arabia can no longer do so as easily without establishing a presence in the kingdom and aligning their activities with the country’s Vision 2030 diversification goals, analysts say. Despite the kingdom’s commitment this year to invest and trade as much as $600 billion in the US […] June 9, 2025
Renewable Energy Work gains pace at Neom’s $8.4bn green hydrogen plant Work on Saudi Arabia’s Neom green hydrogen project is 80 percent complete, with renewable energy production set to start next year, the developer behind the plans has confirmed. “Construction of the world’s largest green hydrogen plant is advancing rapidly,” Neom Green Hydrogen Company (NGHC) said in a statement. Progress has been made across the $8.4 billion green […] June 6, 2025
Business of Sport PIF backs Fifa Club World Cup in the US Saudi Arabia’s Public Investment Fund (PIF) will be the official partner of the month-long Fifa Club World Cup 2025, which will take place in the US from June 14. The sovereign wealth fund has signed an agreement with football’s governing body, Fifa, to fuel growth and engagement in football, the $940 billion Saudi sovereign wealth […] June 6, 2025
Opinion Markets From petrostate to deal state: Gulf IPO markets mature The Gulf's regional exchanges are defying the global slowdown and outperforming their Western peers June 4, 2025
Finance Saudi Arabia targets $12.6bn from bonds for rest of 2025 Saudi Arabia is expected to issue $12.6 billion in bonds for the remainder of the year, JPMorgan said, as the kingdom resorts to the debt markets amid huge investments to overhaul its economy and lower oil prices. The Gulf country, which forecasts a budget deficit of $26.9 billion this year, is seeking funds to invest in […] June 4, 2025
Analysis Real Estate Medina plays catch-up to Mecca’s expansion Hajj pilgrims arriving at the Grand Mosque in Mecca this week will be the first in more than a decade to see a skyline free of construction cranes. Now that the long-delayed expansion of Islam’s holiest site is complete, the cranes that long dominated the area have been taken down. The renovations have doubled the […] June 4, 2025
Analysis Finance Oversubscribed Flynas IPO offers hope for other Saudi listings The Saudi budget airline Flynas announced that the retail tranche of its initial public offering (IPO) was oversubscribed four and a half times. The news offers hope for upcoming IPOs in the kingdom following a fall in the share price of United Carton Industries Company (UCIC) after it listed on the main market last week. […] June 3, 2025
Agriculture PIF-backed Olam Agri raises nearly $2bn Singapore-based agribusiness Olam Agri Holdings, partially owned by Saudi Arabia’s Public Investment Fund (PIF), has secured $1.85 billion in financing to support its business goals. The dual-tranche conventional and Islamic facility was raised by Olam Global Agri and Olam Global Agri Treasury Pte, two subsidiaries of Olam Agri — which sources, processes, trades and distributes […] June 3, 2025
