Tag: PIF
Saudi’s NCB, Samba merger deal concludes formally
The merger of Saudi Arabia's largest retail lender National Commercial Bank (NCB), and its smaller competitor, Samba Financial Group (Samba), is now complete, with...
Saudi Arabian firm may cut dividends to fund the Kingdom’s economy
Saudi Arabia's biggest publicly traded firms have decided to cut dividends and reinvest the money in the local economy as the crown prince attempts...
Saudi Arabia’s PIF to foster the country’s construction sector recovery
The construction sector in Saudi Arabia is expected to rebound this year, benefiting from the Kingdom’s sovereign wealth fund Public Investment Fund's (PIF) decision...
PIF-backed US startup Magic Leap in talks with Aramco for innovation...
US-based augmented reality startup Magic Leap CEO Peggy Johnson has stated that the company is in talks with the world’s largest oil-exporting company Saudi...
Saudi PIF transfers food and agro project stakes to SALIC
Saudi Arabia's sovereign wealth fund, The Public Investment Fund (PIF) has transferred its stake in leading dairy firm Almarai, one of the largest agricultural...
Saudi Arabia investment fund assets surged 26% to reach $117.87bn in...
As per Saudi Arabia’s government financial regulatory body Capital Market Authority's (CMA) new data, the total amount of assets held by investment funds in...
Saudi’s Amaala inks deal with government entity to attain technology goals
The luxury tourism project along the Red Sea in Saudi Arabia, Amaala has joined forces with the Saudi Federation for Cyber Security, Programming and...
Saudi’s PIF launches Soudah Development Company; $3bn tourism projects in pipeline
His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Chairman of the Public Investment Fund (PIF)...
