Tag: PIF
Noon.com to draw $2bn from investors including Saudi’s PIF
Middle East's homegrown digital marketplace, Noon.com is all set to raise about $2 billion in funding from investors including Saudi Arabia’s sovereign wealth fund,...
Saudi Arabia’s PIF to sell part of its stake in Saudi...
Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF) is considering selling a part of its 70 percent share in Saudi Telecom Company (STC)...
Saudi PIF acquires 25% stake in Emaar The Economic City
Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF) has acquired a 25 percent stake in Emaar The Economic City (EEC), the master developer...
Saudi Aramco inks multiple contracts to foster industrial investment program
Saudi Arabia’s multinational petroleum and natural gas company, Saudi Aramco has signed 22 agreements with the kingdom's Public Investment Fund and various energy businesses...
Saudi PIF acquires minority stake in Italian supercar maker Pagani
Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF) has agreed to purchase a minority stake in Italian manufacturer of sports cars Pagani, the...
Tesla rival Lucid Motors marks Nasdaq debut; Stock jumps 11%
American electric vehicle (EV) manufacturer Lucid Motors' stock rallied as much as 11 percent on its Nasdaq debut after the luxury EV startup...
British luxury carmaker McLaren gets $551mn from Saudi PIF & US-based...
British automotive manufacturer McLaren Group has secured a $758 million equity investment, with most of the fund raised from Saudi Arabia's Public Investment Fund...
Saudi PIF & Chinese firm Cosco acquire minority stake in Red...
Saudi Arabia's sovereign wealth fund, Public Investment Fund (PIF), and Chinese shipping company Cosco Shipping Ports have jointly acquired a 40 percent equity stake...
