PIF
- 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…
- Middle East
Saudi Arabia launches own cruise line brand, to create 50K jobs
Riyadh: The Kingdom of Saudi Arabia (KSA) has launched its own cruise line brand, AROYA Cruises, the Saudi Press Agency (SPA) reported. Cruise Saudi, owned by the Public Investment Fund (PIF), is set…
- Middle East
Four major Saudi clubs transformed into companies owned by PIF
Riyadh: The Kingdom of Saudi Arabia’s Sports Minister announced on Monday the transforming of ownership of four major clubs into companies owned by the Public Investment Fund (PIF), the Saudi Press Agency…
- Middle East
Saudi Arabia’s PIF establishes 5 regional investment companies
Riyadh: The Kingdom of Saudi Arabia’s crown prince and Prime Minister, Mohammed bin Salman, on Wednesday announced that the Public Investment Fund (PIF) has established five regional companies in Jordan, Bahrain, Sudan,…
- Middle East
Saudi Downtown company launched to create urban centers in 12 cities
Riyadh: Saudi Crown Prince Mohammed bin Salman Al Saud on Monday launched the Saudi Downtown Company (SDC), which aims to establish and develop urban centers and multiple and diverse destinations throughout the…
- Middle East
Saudi Arabia seeks to buy stake in Starbucks
Riyadh: The Kingdom of Saudi Arabia’s Public Investment Fund (PIF), which is chaired by Crown Prince Mohammed bin Salman, is seeking to acquire a stake in the franchise of the Starbucks chain…
- Middle East
Saudi Arabia launches aircraft leasing company ‘AviLease’
Riyadh: Saudi Arabia announced the founding of an aircraft leasing company named AviLease, as a way to diversify the kingdom’s oil-reliant economy. Sponsored by the Public Investment Fund (PIF), a sovereign wealth…
