UAE visa amnesty, new laws announced, petrol prices increased, Dubai real estate strategy and more of the top news stories this week
Yasir Al-Rumayyan
Latest in Yasir Al-Rumayyan
Future Investment Initiative
Saudi Arabia’s PIF pivots to domestic focus, eyes AI revolution, says Al-Rumayyan
The fund is reportedly in early discussions about a potential AI partnership worth up to $40 billion with venture capital giant Andreessen Horowitz
ACWA Power
Saudi giants ink deal with PIF as first partners in MENA Voluntary Carbon Market
The first five partners for the Voluntary Carbon Market are Aramco, SAUDIA, ACWA Power, Ma’aden, and ENOWA, which is a subsidiary of NEOM.
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
ESG in the Middle East
Saudi Arabia’s sovereign wealth fund plans first green bond
Public Investment Fund will announce the green issuance ‘very soon’. according to governor Yasir Al-Rumayyan
Mukesh Ambani
Indian giant Reliance Industries to formalise partnership deal with Saudi Aramco this year, says chairman Mukesh Ambani
Ambani also announced the joining of Yasir Al-Rumayyan, chairman of Saudi Aramco and the governor of the Public Investment Fund, on the board of Reliance as an independent director
Public Investment Fund
Saudi wealth fund appoints deputy governors to spur growth
Turqi Alnowaiser and Yazeed Alhumied will take on the new roles alongside their current responsibilities
Electric Sea Racing Limited
Saudi fund agrees deal to create world’s first electric powerboat racing competition
Public Investment Fund’s deal with Electric Sea Racing Limited was revealed on Monday during a virtual launch event
Public Investment Fund
Saudi’s sovereign wealth fund strikes $15bn loan to finance new deals
Multi-currency revolving credit facility has been agreed with banks from Asia, the Middle East, Europe, the UK and US
Golf Saudi
Golfing legend Jack Nicklaus to design course in Saudi Arabia’s Qiddiya
Greatest-ever golfer confirms he is working on plans to create championship course as part of Saudi entertainment capital
Lucid Motors
Saudi wealth fund is upbeat on deals for local manufacturing
Yasir Al-Rumayyan said the PIF is also in a ‘very advanced stage’ of negotiating joint ventures as part of a partnership that could ease the path for foreign companies
Leadership reshuffled
Saudi wealth fund reshuffles leadership roles
$360bn Public Investment Fund is a key lever for the kingdom’s efforts to revive growth
Public Investment Fund
Saudi wealth fund targets $2.7trn assets amid rapid growth
$350bn Public Investment Fund is a key lever for Crown Prince Mohammed bin Salman to revive growth
Amin Nasser
Saudi Aramco IPO: Everything you need to know
Saudi Aramco will allow investors to start bidding for shares in the world’s most-profitable company from November 17.
Amin Nasser
In pictures: Saudi Aramco announces details of IPO in Dhahran
Saudi Arabia’s energy giant Aramco on Sunday announced its intention to sell a total of five percent on two exchanges, with a first listing of two percent on the Tadawul Saudi bourse followed by a three percent listing on an overseas exchange.
Amin Nasser
Attacks won’t derail Aramco IPO, says chairman
Aramco CEO Amin Nasser said all contracted supplies to customers would be met
Aramco IPO
New Saudi Aramco chief working on Saudi Aramco listing plan
Appointment of former PIF governor comes ahead of IPO in 2020-21