PIF

Middle East

Saudi Crown Prince launches ‘HUMAIN’, a PIF-owned AI company

Riyadh: Saudi Crown Prince Mohammed bin Salman announced on Monday, May 12, the launch of ‘HUMAIN,’ a new artificial intelligence (AI) company owned by the Public Investment Fund (PIF). HUMAIN will function…
Middle East

Saudi wealth fund PIF acquires 15 pc stake in Heathrow Airport

In a significant move, the Kingdom of Saudi Arabia’s Public Investment Fund (PIF) has acquired a 15 percent stake in FGP TopCo, which is the holding company of London‘s Heathrow Airport. The…

Middle East

PIF, Google Cloud to set up AI hub in Saudi Arabia

The Kingdom of Saudi Arabia’s Public Investment Fund and Google Cloud recently announced a strategic partnership to create a new global artificial intelligence (AI) hub near Dammam, in Saudi Arabia’s Eastern Region.…
Sports

Saudi PIF becomes first-ever sponsor of WTA rankings

The Kingdom of Saudi Arabia’s Public Investment Fund (PIF) recently signed a multiyear partnership deal with Women’s Tennis Association (WTA), marking a significant milestone in the sport’s history. The partnership aims to…
Middle East

Saudi Arabia’s PIF, STC to set up Middle East’s largest telecom tower company

The Kingdom of Saudi Arabia’s Public Investment Fund (PIF) is acquiring a 51 percent stake in Tawal, the largest telecommunications infrastructure company in the country, valued at 5.85 billion dollars (Rs 4,87,76,45,17,500).…
Middle East

Saudi Crown Prince announces transfer of 8% Aramco shares to PIF firms

Riyadh: The Kingdom of Saudi Arabia’s Crown Prince Mohammed bin Salman bin Abdulaziz Al-Saud on Thursday, March 7, announced the transfer of 8 percent of Aramco shares to companies fully owned by…
Middle East

PIF, Hyundai to set up car manufacturing plant in Saudi Arabia

Riyadh: Saudi Arabia’s Public Investment Fund (PIF) has signed an agreement with South Korea’s Hyundai Motor to build a vehicle manufacturing plant in the Kingdom. The move is part of the ongoing…