Tag: Public Investment Fund
Tamara becomes first Saudi fintech unicorn with $340m Series C funding
In a historic move, Tamara, the leading fintech platform in Saudi Arabia and the GCC region, has become the Kingdom's first homegrown fintech unicorn. This ... Read More
Saudi’s PIF to invest in Alkhorayef Petroleum for 25% stake
The Public Investment Fund (PIF) has announced its investment in Alkhorayef Petroleum, from the Alkhorayef Group, through a share subscription agreement for a 25% shareholding. ... Read More
Hyundai Motor, PIF ink $500m deal for automated vehicle plant in Saudi Arabia
A groundbreaking agreement has been solidified between the Public Investment Fund (PIF) of Saudi Arabia and Hyundai Motor Company (Hyundai), aiming to set up a ... Read More
Standard Chartered to sell aviation finance business to AviLease for $700m
Standard Chartered Group has announced the sale of its global aviation finance leasing business to AviLease, a Saudi Arabian company owned by the Public Investment ... Read More
Al Shuaibah solar PV projects : ACWA Power-led consortium announces financial closure
In a monumental step for Saudi Arabia's renewable energy vision, leading energy player ACWA Power, in collaboration with the Water and Electricity Holding Company (Badeel) ... Read More
Vale secures strategic investments for energy transition metals business
Vale, a global leader in the metals industry, has entered into a binding agreement with Manara Minerals, a joint venture between Ma’aden and Saudi Arabia’s ... Read More
CENTOGENE, Lifera form genetic testing JV in Saudi Arabia and GCC
CENTOGENE, a provider of data-driven solutions for rare and neurodegenerative diseases, and Lifera, a biopharmaceutical company owned by the Public Investment Fund (PIF), have announced ... Read More
PIF acquires 30% stake in cooling system developer Saudi Tabreed
The Public Investment Fund (PIF), a sovereign wealth fund of Saudi Arabia, has acquired a 30% interest in the Saudi Tabreed District Cooling Company, a ... Read More
EC approves Saudi Aramco’s $69bn stake acquisition in SABIC
Saudi Aramco has obtained unconditional approval from the European Commission (EC) for its previously announced acquisition of a 70% stake in Saudi Basic Industries Corporation ... Read More