The supply crunch forced the Newark, California-based startup to cut two production targets this year
Saudi Arabia’s Public Investment Fund
Latest in Saudi Arabia’s Public Investment Fund
Kingdom Holding
Saudi Arabia’s PIF buys 16.9 percent stake worth $1.5 billion in Prince Alwaleed Bin Talal’s firm
Prince Alwaleed will retain a 78.13 percent holding in KHC, with the remaining 5 percent of the stock listed on the Saudi bourse
community developer
Saudi’s ROSHN marks key construction milestone of 10 million safe man-hours without LTI on Riyadh project
An estimated 4,000 employees and contractors have worked at ROSHN’s SEDRA 1 site since its inception, and the company has invested approximately 50,000 hours in training to ensure a high level of operational safety
Elm
Saudi digital security firm Elm sets IPO price at top of range
Elm Co., a digital security firm owned by Saudi Arabia’s sovereign wealth fund, set the final offer price for its initial share sale at the top of a range as investors flock to the kingdom.
The company will sell shares at 128 riyals ($34.12) apiece after institutional part of the offering ended. The Public Investment Fund […]
mobile towers
Saudi wealth fund said to mull deal to create mobile towers giant
Sources say Public Investment Fund is weighing a deal to combine the mobile phone infrastructure of Saudi Telecom Co and Zain Saudi Arabia
Khalid Al Falih
Saudi Arabia, UK ink deal for investments push after Newcastle Utd takeover
Top officials sign agreement which aims to enhance business ties between the two countries
English Premier League
Saudi wealth fund completes deal for Newcastle United FC
The head of the Public Investment Fund, Yasir Al Rumayyan, will become a non-executive chairman of the Premier League club
ACWA Power International
Saudi power major sets IPO price at top end of range
ACWA Power International will raise $1.2bn and the IPO will value the company at $10.9bn
Emaar the Economic City
Saudi wealth fund buys 25% stake in Emaar, the Economic City
PIF says investment will leverage synergies in the real estate, manufacturing, logistics and tourism sectors
carbon credits
Saudi Arabia reveals carbon credits plan to fight climate change
Public Investment Fund in collaboration with the Saudi Tadawul Group announces plans to establish the Riyadh Voluntary Exchange Platform
ACWA Power International
Saudi power major ACWA said to eye more than $1bn from IPO
Sources say Riyadh listing may value ACWA Power International at $10bn or more
Abu Dhabi Investment Authority
Assets of Gulf’s biggest sovereign wealth funds exceed $2trn
Four Gulf-based sovereign wealth funds have been included among the world’s top 10 in July
Almarai
Saudi wealth fund transfers stakes in food and agriculture firms
Public Investment Fund transfers shares in Almarai, the National Agricultural Development Company and the Saudi Fisheries Company
Gaming
Saudi Arabia invests more than $3bn in US video game makers
Public Investment Fund invests in Activision Blizzard, Electronic Arts and Take-Two Interactive Software, according to a regulatory filing
Babylon Health
Saudi-backed health app ends China deal, focuses on US growth
Babylon’s app lets users schedule a video chat with a doctor, check symptoms or book time with specialists
COSCO Shipping Ports
Saudi fund buys 20% stake in port terminal operator for $140m
Public Investment Fund signs deal to buy stake in the Red Sea Gateway Terminal Limited
Future Investment Initiative
Saudi wealth fund boss says ‘fresh thinking’ set to drive future investments
Yasser Al-Rumayyan, governor of the Public Investment Fund, says time is right to reimagine economies after coronavirus pandemic