Browsing: sovereign wealth fund

Saudi Arabia’s Public Investment Fund (PIF) has successfully concluded the pricing of a $5B Reg S international bond offering under its Euro Medium-Term Note Program, aligning with its strategy to consistently broaden its funding channels.

The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has revealed a new extended partnership with Electric 360, Formula E, Extreme E, and E1 to promote the development of the electric motorsport industry in the kingdom.

Saudi Arabia’s Public Investment Fund (PIF) emerged as the leading global investor among sovereign wealth funds in the previous year, significantly expanding its investment portfolio, as outlined in a new report.

Shares in Abu Dhabi’s healthcare platform, PureHealth Holding, surged by up to 69% above their listing price on Wednesday during their market debut. The company had successfully raised nearly $1B in an initial public offering (IPO), representing 10% of its business.

In this potential arrangement, the state-controlled ADPorts Group would invest in an entity to be formed by the Turkey Wealth Fund to manage the Izmir port on the Aegean coast, according to two sources. The specifics of the deal are yet to be finalized.

SABIC, one of the world’s largest petrochemical companies, has reported a significant decline in third-quarter revenue and a net loss. In their filing, SABIC revealed a net loss of 2.88 billion riyals ($768M) for the three months ending on September 30, in contrast to a profit of SAR 1.84B in the same period the previous year. The loss was primarily attributed to an impairment charge of SAR 2.93B related to the fair value of Saudi Iron and Steel Company (Hadeed) after Saudi Arabia’s sovereign wealth fund acquired SABIC’s entire stake in the company.

Saudi Arabian Sovereign Wealth Fund and Cain International invested US$900 million in hotel operator Aman…

UAE and other Gulf countries have created investment funds with the aim to invest petrodollars…