Tag: PIF
Saudi Arabia in talks to sell 1% stake in Aramco; Crown...
Saudi Arabia's Crown Prince, Mohammed bin Salman Al Saud, has stated that the kingdom is in negotiations to sell a one percent stake in...
India’s L&T bags Saudi’s 1.5GW Sudair Solar EPC Project contract
Leading Indian conglomerate Larsen & Toubro (L&T) has secured a construction contract to build Saudi Arabia's largest solar photovoltaic (PV) plant.
In a statement to...
Saudi’s Neom to build largest fish farm in the region with...
Saudi Arabia's megacity project Neom and Tabuk Fish Company have signed an agreement to develop the Middle East and North Africa's (MENA) biggest fish...
Saudi’s NCB, Samba merger deal concludes formally
The merger of Saudi Arabia's largest retail lender National Commercial Bank (NCB), and its smaller competitor, Samba Financial Group (Samba), is now complete, with...
Saudi Arabian firm may cut dividends to fund the Kingdom’s economy
Saudi Arabia's biggest publicly traded firms have decided to cut dividends and reinvest the money in the local economy as the crown prince attempts...
Saudi Arabia’s PIF to foster the country’s construction sector recovery
The construction sector in Saudi Arabia is expected to rebound this year, benefiting from the Kingdom’s sovereign wealth fund Public Investment Fund's (PIF) decision...
PIF-backed US startup Magic Leap in talks with Aramco for innovation...
US-based augmented reality startup Magic Leap CEO Peggy Johnson has stated that the company is in talks with the world’s largest oil-exporting company Saudi...
Saudi PIF transfers food and agro project stakes to SALIC
Saudi Arabia's sovereign wealth fund, The Public Investment Fund (PIF) has transferred its stake in leading dairy firm Almarai, one of the largest agricultural...
