PIF | PIF announces sale of 100 million shares in stc | Public ...
18 hours ago · PIF today announced the completion of the sale of part of its stake in the Saudi Telecom Company (stc) through an accelerated bookbuild offering. The offering comprised 100 million shares, representing 2% of stc’s issued share capital. The total value of the offering was SAR 3.86 billion ($1.03 billion), with a final offer price of SAR 38.6 ...
Saudi Fund’s $1 Billion Deal Boosts Burgeoning Mideast Selldowns
4 hours ago · The Public Investment Fund, PIF, is the sovereign wealth fund of Saudi Arabia. The fund has purportedly made a major financial investment offer to combine the ATP and WTA tours in exchange for a top-tier combined event to be staged in the Saudi Kingdom. (Photo by Matthew Stockman/Getty Images) (Matthew Stockman/Photographer: Matthew Stockman/G)
PIF and Google Cloud to create advanced AI hub in Saudi Arabia
Oct 30, 2024 · Preliminary research commissioned by Google Cloud and conducted by Access Partnership, a global tech policy advisory firm, estimates the new AI hub could add a cumulative $71 billion in GDP to the Saudi economy over eight years. The increased economic activity from AI adoption in Saudi Arabia is expected to support the creation of thousands of ...
Saudi wealth fund PIF raises $1 bln from STC stake sale
8 hours ago · DUBAI, Nov 14 (Reuters) - Saudi Arabia's sovereign wealth fund PIF has raised 3.86 billion riyals ($1.03 billion) from selling a 2% stake in telecoms firm STC (7010.SE), PIF said on Thursday, as ...
Saudi Arabia's wealth fund PIF to sell 2% stake in STC in potential …
1 day ago · DUBAI, Nov 13 (Reuters) - Saudi Arabia's sovereign wealth fund PIF is selling an around 2% stake in the country's telecom group STC , opens new tab, the banks running the deal said on Wednesday ...
Saudi Fund to Sell Stake Worth About $1 Billion in Telecom Firm
1 day ago · The Public Investment Fund plans to sell 100 million shares in Saudi Telecom Co., or a 2% stake, according to a statement on Wednesday. Based on the firm’s last closing price, the stake is ...
Fitch Affirms Public Investment Fund at 'A+'; Outlook Stable
3 days ago · In alignment with Saudi Arabia's Vision 2030 and PIF's 2021-2025 strategy, PIF serves as a key economic catalyst, driving non-oil GDP growth and investing in a diverse range of sectors both locally and internationally. These investments include high-impact projects that are strategically important to Saudi Arabia.
PIF and Brookfield sign memorandum of understanding to expand ...
Oct 30, 2024 · PIF and Brookfield Asset Management Ltd. today signed a non-binding memorandum of understanding (MoU) for PIF to act as a strategic anchor investor for Brookfield Middle East Partners (BMEP), a new platform which aims to serve as Brookfield’s new private equity vehicle for investments in businesses based in Saudi Arabia and the wider region. The MoU was signed at the FII 8th Edition in Riyadh.
Saudi Arabia’s wealth fund pivots from international investments
Oct 29, 2024 · The Public Investment Fund, which has about $930bn worth of assets, said it intended to cut the proportion of funds invested overseas to between 18 and 20 per cent, down from 21 per cent today...
Public Investment Fund of Saudi Arabia - Financial Times
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