Tag: PIF
Saudi PIF acquires minority stake in Italian supercar maker Pagani
Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF) has agreed to purchase a minority stake in Italian manufacturer of sports cars Pagani, the...
Tesla rival Lucid Motors marks Nasdaq debut; Stock jumps 11%
American electric vehicle (EV) manufacturer Lucid Motors' stock rallied as much as 11 percent on its Nasdaq debut after the luxury EV startup...
British luxury carmaker McLaren gets $551mn from Saudi PIF & US-based...
British automotive manufacturer McLaren Group has secured a $758 million equity investment, with most of the fund raised from Saudi Arabia's Public Investment Fund...
Saudi PIF & Chinese firm Cosco acquire minority stake in Red...
Saudi Arabia's sovereign wealth fund, Public Investment Fund (PIF), and Chinese shipping company Cosco Shipping Ports have jointly acquired a 40 percent equity stake...
Saudi’s economy to grow 2.4% in 2021 driven by non-oil sector;...
Saudi Arabia’s immediate response to the COVID-19 pandemic has cushioned the impact on the economy which is now projected to grow by 4.3 percent...
Saudi Arabia plans for another national airline to build its non-oil...
Saudi Arabia's Crown Prince Mohammed bin Salman announced plans to build a second national airline as part of a broader strategy to turn the...
Saudi Arabia plans for a new airport in Riyadh to drive...
Saudi Arabia has been planning to build a new airport in its capital, Riyadh, according to reports, which would serve as a base for...
Saudi’s Dur Hospitality, Taiba Investments enter merger talks
Saudi Arabia-listed Dur Hospitality Company and Taiba Investment Company are entering into preliminary discussions to combine their businesses, potentially forming a company with a...
