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Website. pif .gov .sa. The Public Investment Fund ( PIF; Arabic: صندوق الاستثمارات العامة) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$ 925 billion ( £ 726.3 billion). [2] It was created in 1971 for the purpose of investing ...
The Public Investment Fund was started in 1971, and has recently taken a more prominent role in Vision 2030: Saudi Arabia and Crown Prince Mohammed bin Salman’s push to diversify the country’s ...
The Public Investment Fund of Saudi Arabia purchased an 80% stake in Newcastle United [1] The 2021 takeover of Newcastle United F.C. by a consortium of the Saudi Public Investment Fund (PIF), PCP Capital Partners, and the Reuben Brothers was a takeover proceeding that commenced in April 2020 and was successfully concluded in October 2021. [1] [2]
February 22, 2024 at 5:07 PM. MIAMI (Reuters) - The head of Saudi Arabia's Public Investment Fund (PIF) on Thursday pitched the kingdom as a prospective hub for artificial intelligence activity ...
As Saudi Arabia sought to rehabilitate its image after decades of bad-for-business headlines about 9/11 hijackers, alleged police torture, public beheadings and the gruesome murder of a Washington ...
The company was officially launched by the Saudi Crown Prince Mohammed bin Salman on 1 February 2024 as one of the various companies founded by the Saudi Public Investment Fund to diversify Saudi Arabia's economy away from oil. In February 2024, Alat announced partnership with Carrier Global, Dahua Technology, SoftBank Group, and Tahakom.
The lineup shows Saudi Arabia's growing appeal as an investor, partner, and place to do business. CEOs flock to Saudi-backed summit where sovereign wealth fund promises $70 billion in annual ...
In October 2018, Mohammed announced that the Public Investment Fund of Saudi Arabia's assets were approaching $400 billion and would pass $600 billion by 2020. Mohammed announced a project to build Saudi Arabia's first nuclear reactor in November 2018. The kingdom aims to build 16 nuclear facilities over the next 20 years.