Saudi Aramco, the world’s largest oil firm, purchased the largest number of credits
PIF
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Aramco, PIF set to own star-studded Saudi football clubs
Saudi Arabia’s oil diversification push continues to gain significant momentum as its $700 billion sovereign wealth fund PIF and state oil company Aramco prepare to assume controlling stakes in a number of local football clubs. The Public Investment Fund (PIF) will take control of four of the kingdom’s top soccer clubs including Al-Nassr, which Cristiano […]
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Saudi Arabia’s PIF launches $3 billion unit to drive investment in Iraq
A new company has been carved out of Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), to target multi-billion investments across industries in Iraq. With a staggering capital of $3bn, the newly formed Saudi-Iraqi Investment Company is part of PIF’s ambitious strategy to expand its investments in the Middle East and North Africa. […]
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Aramco, PIF to build first steel plate manufacturing complex in Saudi Arabia
Aramco, Baoshan Iron & Steel Co., and the Public Investment Fund (PIF) have signed an agreement to establish an integrated steel plate manufacturing complex in Saudi Arabia. Subject to customary regulatory approvals and closing conditions, the joint venture complex is expected to be located in Ras al-Khair Industrial City, one of the four new Special […]
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Saudi prince transfers $80 billion Aramco stake to key subsidiary
Saudi Arabia’s sovereign wealth fund PIF (Public Investment Fund) has transferred 4% of its issued shares in state oil giant Aramco—valued at around $80 billion—to one of its key subsidiaries, Sanabil Investments. HRH Prince Mohammed bin Salman bin Abdulaziz Al Saud, the Crown Prince and Prime Minister and PIF Chairman, said the transfer of part […]
Posted inExploration & Production
JADA backs Saudi Energy Technologies and Services Private Equity Group
The new fund aims to create national leaders in energy and energy-related technologies
Jada Fund of Funds, wholly owned by the Public Investment Fund (PIF), has become the anchor investor of Saudi Arabia-based Energy Capital Group’s (ECG) new fund. The new fund has been formed with a merger between ECG and Cayan Holdings. ECG and Cayan Holdings led multiple private equity funds, which invested in regional & global […]
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PIF to transform major offshore oil rig into tourism and entertainment centre
The Public Investment Fund will host three hotels and many entertainment facilities on the former drilling platform
Saudi Arabia’s Public Investment Fund plans to launch The Rig, an entertainment and tourism project set on an offshore rig. The project will be located on the Arabian Gulf, spanning a total area of more than 150,000 square metres. It will include three hotels, world-class restaurants, helipads, and a range of extreme sports and aquatic […]