Saudis now want sports to make money, clouding LIV Golf’s futureSaudi Arabia is reportedly scaling back its ambitious sports investments, including LIV Golf, shifting focus from cultural influence to fin...
18 Apr, 2026, 12.20 AM IST
Saudi to focus $925 billion fund on domestic economy under new 5-year planSaudi Arabia's Public Investment Fund is shifting focus to domestic growth. A new five-year strategy prioritizes six key themes including t...
15 Apr, 2026, 09.18 PM IST
SpaceX has held talks with Saudi fund for possible $5 billion investment in IPOElon Musk's SpaceX has had discussions with Saudi Arabia's Public Investment Fund about PIF potentially taking an anchor stake of around ...
02 Apr, 2026, 11.53 PM IST
Global Market: Saudi Wealth Fund to maintain global betsSaudi Arabia's wealth fund, the Public Investment Fund, is committed to global investments. Governor Yasir Al Rumayyan stated the fund's st...
27 Mar, 2026, 06.10 AM IST
Saudi Arabia considers transferring state airline Saudia to PIF, sources saidSaudi Arabia may transfer Saudia ownership to PIF, with Flyadeal. Riyadh Air to be hub in Riyadh, Jeddah, focusing on pilgrims and transit ...
17 Mar, 2024, 09.00 PM IST
Saudi sovereign wealth fund pitches kingdom as AI hubYasir Al-Rumayyan, governor of the Public Investment Fund, said Saudi Arabia, the world's biggest oil producer, also had the "political wil...
23 Feb, 2024, 12.38 PM IST
Saudi wealth fund PIF to seek up to $5 bln in Oman investmentsSaudi Arabia has stepped up investments in Oman in a show of support for one of the Gulf's weaker economies as it recovers from the impact ...
27 Jul, 2023, 05.38 PM IST
Saudi Arabia transfers 4% of Aramco shares to sovereign wealth fundThe crown prince said the state remains the largest shareholder in Saudi Aramco after the transfer process, as it owns more than 94% of the...
13 Feb, 2022, 12.11 PM IST
Saudi sovereign fund PIF set to raise $3.2 bln in Saudi Telecom stake saleThe deal, which was marketed internationally, is the biggest equity capital market transaction in the Middle East this year, said a source ...
10 Dec, 2021, 03.11 PM IST
Saudi Arabia's PIF signs $15 billion loanThe fund, the engine of Crown Prince Mohammed bin Salman's economic transformation plans for Saudi Arabia, manages a portfolio worth $400 b...
10 Mar, 2021, 04.54 PM IST
Aramco to do 'heavy lifting' in Saudi fiscal adjustment: BofAAramco - which listed in 2019 in a record $29.4 billion share sale - is likely to "do the heavy lifting" to boost state coffers and support...
19 Jan, 2021, 06.40 PM IST
Saudi Arabia to get sovereign wealth fund dividend, has no tax hike plan: FinMin"We called for part of the dividends, so we are possibly going to receive around 15 to 25 billion Saudi riyals in dividends from PIF," Fina...
16 Dec, 2020, 11.54 AM IST
Saudi's PIF cuts U.S. stock exposure by $3 bln in Q3, reduces ETFsThe Public Investment Fund (PIF) was holding $7.05 billion worth of U.S. equities as of Sept. 30, compared with nearly $10.12 billion in th...
17 Nov, 2020, 02.35 PM IST
Saudi's PIF cuts US stock exposure by $3 billion in Q3, reduces ETFsThe Public Investment Fund (PIF) was holding $7.05 billion worth of U.S. equities as of Sept. 30, compared with nearly $10.12 billion in th...
17 Nov, 2020, 12.10 PM IST
RIL climbs nearly 3% as Saudi’s wealth fund buys 2.04% stake in RRVLThis investment values RRVL at a pre-money equity value of Rs 4.587 lakh crore (approximately $62.4 billion).
06 Nov, 2020, 10.36 AM IST
From Lucid to Tesla, Saudi Wealth Fund goes on spending spreeThe investments are part of plans, unveiled after the collapse in crude prices in mid-2014, to turn the PIF into the world’s biggest sovere...
20 Sep, 2018, 10.50 AM IST
SoftBank joins hands with Saudi Arabia's wealth fund to frame solar energy plan for the kingdomThe memorandum of understanding (MoU) between SoftBank Vision Fund and PIF was signed on the sidelines of the Future Investment Initiative,...
02 Nov, 2017, 01.27 PM IST