Riyadh, 09 Oct, 2017 - The Public Investment Fund (PIF) has announced the establishment of the Fund of Funds, a new investment vehicle designed to provide small and medium-sized enterprises (SMEs) with access to capital by investing in venture capital and private equity funds targeting the SME sector. The Fund of Funds will also support the creation of a thriving private equity and venture capital ecosystem in the Kingdom.
Riyadh, 02 Oct, 2017 - The Public Investment Fund (PIF) has announced the establishment of Rou’a Al Madinah, a company that will deliver projects designed to increase capacity for pilgrims and visitors to the Prophet’s Mosque, whilst also enriching spiritual and cultural experiences across the holy city of Al Madinah.
Riyadh, 02 Oct, 2017 - The Public Investment Fund (PIF) has announced it is preparing to launch Rou’a Al Haram, a development company set to increase capacity for pilgrims and visitors to the Grand Holy Mosque performing Hajj or Umrah. Rou’a Al Haram will act as a catalyst for developing the areas around the holy sites and raising the quality of services in the local hospitality sector.
Riyadh, 02 Oct, 2017 - The Public Investment Fund (PIF) of the Kingdom of Saudi Arabia, the Kingdom’s main investment arm, announced that the theme of technological change will be at the heart of October’s Future Investment Initiative (FII). Global CEOs, together with leading experts and public officials, will take part in a wide range of discussions during the FII, including a high-profile Summit on Artificial Intelligence and Robotics on Wednesday 25 October.
Riyadh, 27 Sep, 2017 - The Public Investment Fund (PIF) has announced it will lead the redevelopment of Jeddah’s waterfront corniche, creating a unique tourist, residential and commercial destination, to become the “New Jeddah Downtown”.
Riyadh, 20 Sep, 2017 - The Public Investment Fund (PIF) has announced it is in the process of developing a new company to act as its investment arm in Saudi Arabia’s growing entertainment sector.
Riyadh, 31 July, 2017 - His Royal Highness Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Chairman of the Public Investment Fund (PIF), today announced the launch of an international tourism project in the Kingdom called The Red Sea. Envisioned as an exquisite resort destination established across a lagoon of 50 untouched natural islands, The Red Sea will be situated on the site of one of the world’s last natural hidden treasures, between the cities of Umluj and Al Wajh, developed in partnership with the world’s leading hospitality firms.
Moscow, 28 May 2017 - The Russian Direct Investment Fund (RDIF) and the Public Investment Fund (PIF) of Saudi Arabia, have announced they will be further strengthening their joint efforts to identify and act on promising investment opportunities in Russia, as part of their investment partnership formed in 2015.
Riyadh, May 20, 2017 - Blackstone and the Public Investment Fund (“PIF”) of Saudi Arabia announced today the execution of a memorandum of understanding in relation to the launch of a new investment vehicle dedicated to infrastructure with an anchor $20 billion contribution by PIF. Blackstone anticipates that the program will have $40 billion in total equity commitments in a permanent capital vehicle, including $20 billion to be raised from other investors. The MOU is non-binding and the parties will continue their negotiation to agree definitive documentation.
Riydh, 20 May 2017 - The SoftBank Vision Fund (the “Vision Fund”) today announced that in addition to SoftBank Group Corp. (“SBG”) and the Public Investment Fund of the Kingdom of Saudi Arabia (“PIF”), investors in the Vision Fund include the Mubadala Investment Company of the United Arab Emirates (“Mubadala”), Apple Inc (“Apple”), Foxconn Technology Group (“Foxconn”), Qualcomm Incorporated (“Qualcomm”) and Sharp Corporation (“Sharp”).
Riyadh, 18 May 2017 - The Saudi Arabian Public Investment Fund (“PIF”) has today announced the creation of a new national military industries company.
Riyadh, 28 Nov, 2016 - The Saudi Arabian Public Investment Fund (“PIF”) announces that, through a wholly-owned subsidiary, “The Saudi Company For Gulf Food Investments”, it will be acquiring a fifty per cent stake in Adeptio AD Holdings SPC Ltd. (“Adeptio Holdings”), from the United Arab Emirates-based investor H.E. Mohamed Ali Rashed Alabbar.
Riyadh, 14 Nov, 2016 - The Saudi Arabian Public Investment Fund, the Kingdom of Saudi Arabia’s sovereign wealth fund, today announced it will take a 50% equity stake in the newly launched e-commerce platform, Noon.
Riyadh, 14 Oct, 2016 - SoftBank Group Corp. (“SBG”) today announced that it will form SoftBank Vision Fund (tentative name) (the “Fund”). The Fund intends to make investments in the technology sector globally. The Fund will be managed in the United Kingdom by a subsidiary of SBG and will deploy capital from SBG and investment partners. The Fund will aim to be one of the world's largest of its kind.
Riyadh, 2 Aug, 2016 - The Council of Ministers on Monday approved the creation of a SR 4 billion ($1.1 billion) fund to develop Saudi Arabia’s venture capital industry and support investments in small and medium-sized companies (SMEs).
Riyadh, 1 Jun, 2016 - The Saudi Arabian Public Investment Fund (PIF), the Kingdom of Saudi Arabia’s long-term sovereign investment arm, and Uber today announced that PIF has invested $3.5 billion in Uber.
Riyadh, 25 Apr, 2016 - Saudi Arabia’s Crown Prince Mohammed bin Salman announced “Vision 2030” on Monday, a comprehensive 84-page reform plan designed to free the Kingdom from its dependence on oil exports.
Riyadh, 22 Jun, 2015 - The Saudi Arabian Public Investment Fund (PIF) (has agreed to buy a 38 per cent stake in Posco’s engineering and construction division for SR 4.1 billion ($1.1 billion).
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