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The Public Investment Fund (PIF), the sovereign wealth fund of the kingdom of Saudi Arabia has launched AviLease, an aircraft leasing company that will provide leasing, trading and asset management services. The fund in a statement said AviLease will initially Read more
The Public Investment Fund (PIF), the Saudi sovereign wealth fund, announced Sunday plans to acquire a 23.97% stake in Capital Bank Group, one of the largest banking group in Jordan, Iraq and the Middle East and North Africa (MENA) region. Read more
Saudi Arabia has deposited $5 billion at the Central Bank of Egypt (CBE), the kingdom’s press agency SPA has announced. As part of historical solid bonds and close cooperation relations between the Kingdom of Saudi Arabia and the Arab Republic Read more
Saudi Arabia’s sovereign wealth fund, Saudi Public Fund, will set up a public fund in Egypt per an agreement signed with the Arab republic, amid Cairo’s search for financial support from Gulf countries. The deal was signed Thursday in Cairo Read more
Saudi Arabia’s Public Investment Fund, PIF, has opened three new subsidiary companies’ offices in London, New York and Hong Kong in line with its global expansion plans, reports say. The fund in a statement indicated that new subsidiary companies’ offices Read more
The Kingdom of Saudi Arabia’s Public Investment Fund (PIF) has invested in the country’s new digital bank, D360, launched Tuesday, Gulf Business reports. The Saudi cabinet validated Tuesday the license of the bank endowed with $440 million in capital. D360 Read more
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF) is selling a 5.01 percent stake–amounting to 100.2 million shares–in Saudi Telecom Co. in a secondary share offering, Zawya reports. The final offer price will be announced on December 10, Read more
The Saudi-led consortium has pledged to inject $340.5 million into British Premier League club Newcastle United to improve the English soccer iconic club after Thursday acquisition. The kingdom’s sovereign wealth fund, Public Investment Fund (PIF) landed the Northeastern English club Read more
The kingdom of the Saudi Arabia is mulling plans to build a second airport in capital Riyadh as part of the drive to lure tourists, Bloomberg reports citing people knowledgeable of the matter. The future project in planning stage is Read more
Saudi Arabia wealth fund Public Investment Fund (PIF) is mulling plans to launch a major airline to rival regional carriers, in collaboration with other investment entities, Bloomberg reports citing local online Maaal newspaper. The news broken by unidentified people reveals Read more