Saudi Arabian digital security firm Elm Company said on Wednesday that it had agreed to acquire business services firm Thiqah from the kingdom's Public Investment Fund (PIF) in a deal valued at 3. ...

Sovereign wealth funds invest state or government money. They’re typically created from budget surpluses or revenues from oil ...

Many Americans may be familiar with the concept of sovereign wealth funds due to Saudi Arabia’s Public Investment Fund, which is nearing a deal to invest more than $1 billion in the PGA Tour.

In a joint statement, commissioner Jay Monahan, Tiger Woods and Adam Scott say that having Trump involved "brought us closer to a final deal" with the Saudi sovereign wealth fund. By Alex Weprin ...