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Website. pif .gov .sa. The Public Investment Fund ( PIF; Arabic: صندوق الاستثمارات العامة) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of US$ 925 billion ( £ 726.3 billion). [2] It was created in 1971 for the purpose of investing ...
SoftBank Group. Reliance Industries Limited. Yasir bin Othman Al-Rumayyan ( Arabic: ياسر الرميان; born 18 February 1970) is a Saudi businessman who is governor of the Public Investment Fund (PIF), the sovereign wealth fund of the Kingdom of Saudi Arabia. He also serves as the chairman of English football club Newcastle United and the ...
The Public Investment Fund was started in 1971, and has recently taken a more prominent role in Vision 2030: Saudi Arabia and Crown Prince Mohammed bin Salman’s push to diversify the country’s ...
The company is wholly owned by the Public Investment Fund and is solely dedicated to developing the economic zone of Neom. Saudi Arabia originally aimed to complete major parts of the project by 2020, with an expansion completed in 2025, but fell behind schedule.
Public Investment disclosed that it owned a 5.7% stake in the company, a total of 12.3 million shares valued at approximately $500 million. ... Saudi Arabia’s sovereign-wealth fund, recently ...
In a letter, congressional investigators flagged the Florida summit as an indication that Saudi Arabia’s Public Investment Fund — the sovereign wealth fund that puts on the conference series ...
The Public Investment Fund of Saudi Arabia purchased an 80% stake in Newcastle United. The 2021 takeover of Newcastle United F.C. by a consortium of the Saudi Public Investment Fund (PIF), PCP Capital Partners, and the Reuben Brothers was a takeover proceeding that commenced in April 2020 and was successfully concluded in October 2021.
The Public Investment Fund (PIF) Tower (previously known as Capital Market Authority Tower) is a 385 m (1,263 ft) skyscraper in Riyadh, Saudi Arabia. [3] Construction started in 2010 and was topped-out in 2014. The building was finally completed in 2021, making it the tallest building in Riyadh, surpassing Burj Rafal, and the second-tallest in ...