On 19 March 2023, UBS confirmed the planned acquisition of Credit Suisse by UBS. It showed an $828 million stake in BP, a $484 million stake in Royal Dutch Shell, and a $222 million stake in Total. Spot silver was flat at $25.10 per ounce, platinum edged up 0.1 percent to $1,049.05 and palladium gained 0.9 percent to $1,573.75. The fund has also built up a stake of roughly 5% in Tesla (. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. They want to invest in it whether or not it goes through, whether or not there is any possibility of succeeding., This transfer of stakes is a part of Saudi Arabias long-term initiatives to boost and diversify the national economy. Public Investment Fund of Saudi Arabia (PIF) is a Sovereign Wealth Fund located in Riyadh Saudi Arabia, Middle East, and was founded in 1971. April 16, 2023 10:26. In contrast . The Public Investment Fund (PIF; Arabic: ) is the sovereign wealth fund of Saudi Arabia. Mohammed bin Salman indicated that this transfer of stakes is a part of Saudi Arabias long-term initiatives to boost and diversify the national economy and expand investment opportunities in line with Saudi Vision 2030. Whalewisdom has at least 26 13F filings, 17 13G filings, and 5 Form 4 filings. Yasir Al-Rumayyan claims he was overruled by Salman of Saudi Arabia, who is still officially king. [24] PIF disclosed a $713.7million stake in Boeing, around $522million in Citigroup, a $522million stake in Facebook, a $495.8million stake in Disney and a $487.6million stake in Bank of America. [40], In March 2019, it was revealed that PIF paid a New York communications firm, Karv Communications, $120,000 a month in order to repair Saudis' damaged reputation after the Assassination of Jamal Khashoggi. The government is looking to increase work within the sports sector and has an important strategy in place. [29], In 2016, SoftBank Group and the PIF announced that they would establish a SoftBank Vision Fund which aims to invest up to $45billion over five years in the tech sector. or to simply have an email sent to you whenever we receive a new Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. [25] PIF also disclosed an $827.7million stake in oil company BP. In the US, data released on Monday showed confidence among single-family homebuilders improved for a fourth consecutive month in April, while manufacturing activity in New York state increased for the first time in five months. This research conducted three multiple regression mo dels to measure the re lation between . Earlier in January, data released by the Sovereign Wealth Fund Institute suggested that the PIF has maintained the sixth spot in the list of top sovereign wealth funds worldwide, with assets worth $607.42 billion. [11] The board says PIF is aligned with the government's Vision 2030[12] with the aim to diversify the economy. [31], During the 2017 Saudi-US CEO Forum, which was part of President Donald Trump's official trip to Saudi Arabia, PIF announced plans to "invest $40billion in infrastructure projects, mostly in the U.S." Blackstone, whose CEO and founderStephen A. Schwarzmanis a top supporter of Trump, entered into a non-binding memorandum by which the PIF committed $20billion to the project. The next round of appraisals of the concept papers for the Public Sector Investment Facility (PIF) closes March 24th, 2023. Riyadh - Al Moammar Information Systems Company (MIS) won a SAR 96.36 million project contract for the Public Investment Fund (PIF) on 16 April 2023, according to a bourse disclosure. 2023 Forbes Middle East. Public Investment Fund's largest holding is Lucid Group Inc with shares held of 1,109,006,595. RIYADH, T0 All Rights Reserved. This will schedule a job to export all requested 13f holdings data for this filer. Trade between them is minuscule compared to the size of the two countries, Singh said. Request Profile Update for 300m had been agreed between incumbent owner Mike Ashley and a prospective buying consortium consisting of the Public Investment Fund, PCP Capital Partners and Reuben Brothers. [8] [75], PIF has been characterized as among the least transparent sovereign wealth funds in the world. Particular importance is attached to the issues of mutual access of products to the markets of both countries. A free trade deal will mark a step up in India-Russia economic relations as New Delhi maintained expanding ties with both Russia and the West amid the war in Europe, which it has not explicitly criticized. We will rely on trusted foreign partners. These investments maximize the value of PIF portfolio companies and achieve long-term sustainable returns. A full list of rating actions is at the end of this rating action commentary. The Softbank Vision Fund was created in May 2017 by the Softbank Group and the Public Investment Fund (PIF). divided by the total MV of the fund. Beijing's virus-containment policy -- an unstinting regime of strict curbs on the population -- strongly constrained normal economic activity before it was abruptly ditched in December. 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Saudi PIF backed the event with $2billion in funds. USgold futures rose 0.2 percent to $2,010.20. You may change or cancel your subscription or trial at any time online. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. In Fitch's view, SRC is ultimately controlled by the state through PIF, so Fitch directly links the rating to the state under the . NEW DELHI:India and Russia are in discussions for a free trade agreement, their ministers said on Monday, with the deal expected to further boost commercial ties that have flourished since Moscows invasion of Ukraine. Business-oriented and enthusiastic Strategy Consultant with leadership, management, and solution design skills. The Fund is developing competitive sectors in Saudi Arabia to boost local capabilities and create opportunities for domestic companies to grow. It is considered a pioneering economic catalyst for the Saudi Arabia and an effective component of a thriving economy. The fund bought 6.3 million shares in Starbucks (SBUX.O), and added other stocks including Adobe Systems (ADBE.O), Advanced Micro Devices (AMD.O), Salesforce (CRM.N), Home Depot (HD.N), Costco (COST.O), Freeport-McMoRan (FCX.N), Datadog (DDOG.O) and NextEra Energy (NEE.N). [39], At the Milken Institute in Abu Dhabi in February 2019, Al-Rumayyan announced that PIF would open new offices in London, New York and San Francisco, and would increase its workforce from 450 to 700 by the end of 2019. 1 auto market, G7 puts focus on push for global fossil fuel phaseout deal, J&J lifts profit forecast as cancer drugs, Stelara buoy pharma unit, Exclusive: Airbus advises airlines of 2024 delays, keeps output goals, AstraZeneca confident new COVID antibody protects against known variants. [58], In October 2021, a division of the PIF, Golf Saudi funded the establishment of the LIV Golf Investments, with Greg Norman declared to be its CEO. [30] The SoftBank Group confirmed that during the fiscal year 20192020, the Vision Fund, in which Saudi Arabia invested $45billion, incurred a loss calculated at $17.7billion, after the value of investments was written down. [64] Some of the prominent professional golf players participated in the event, including Phil Mickelson, Dustin Johnson, Graeme McDowell, Sergio Garca, Martin Kaymer, Louis Oosthuizen, Charl Schwartzel and Lee Westwood. BPs chief economist sees oil market tightening in H2 2023 (File). [47] This will be the first known time that money from the Saudi's sovereign wealth fund will go to Israel. When neighboring petrostates began using their sovereign wealth funds for influence, Saudi Arabia followed them. Stay informed and spot emerging risks and opportunities with independent global reporting, expert All quotes delayed a minimum of 15 minutes. The private company introduced a professional tour, LIV Golf, also referred to as the Super Golf League. A 2021 report by Global SWF found that PIF's Governance, Sustainability, and Resilience (GSR) score had risen by 12% to an overall score of 40% (out of 100%) that year. The central bank, however, said it was ready to tighten further if inflation and demand failed to cool. Affinity Partner's investment in Israeli startups was agreed to by Saudi officials and was also believed to have been approved by Crown Prince Mohammed. [7], In July 2014, the Council of Ministers granted the PIF authority to fund new companies inside and outside the Kingdom, either independently or in cooperation with the public and private sectors, without the council's prior approval. [34] He also said PIF would borrow conservatively to finance specific assets and would seek further partnerships such as those with Blackstone and SoftBank. It will be very difficult for Europe to refill its gas storage to last year's levels after the continent ended the winter heating season with relatively low stockpiles, Russian natural gas giant Gazprom said on Tuesday. SWFI is a minority-owned organization. In 2022, a 4% stake in ownership of Saudi Aramco was transferred to the PIF, which was repeated in 2023 as part of the funds plan to increase AUM to over $1 trillion by 2025. The governor of the fund . We will be in touch soon. [2]: Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. Yasir Al-Rumayyan also admitted that of the $35 billion spent by the PIF as part of this activity, it soon rose to $49 billion when markets rose. [45], In 2021, PIF invested $2billion into a private equity firm that had been newly formed by Jared Kushner, Donald Trump's son-in-law, shortly after he left the White House. Editing by David Goodman, China's electric car drive, led by BYD, leaves global brands behind, Goldman Sachs profit falls in first quarter as dealmaking sputters, UBS makes changes to buyback programme following Credit Suisse takeover, Bollore in exclusive talks with CMA CGM over sale of Bollore Logistics, Gazprom says Europe set to struggle fill gas storage for next winter, US single-family housing starts increase in March, Most Gulf markets end lower ahead of Eid break, Swedish Radio becomes first big European broadcaster to quit Twitter, Russia not planning Wikipedia block for now, minister says. Current Assets for PIF is $607,418,895,000 and SWFI has 42 periods of historical assets, 17 subsidiaries, 14 Opportunities/RFPs, 197 personal contacts available for CSV Export. Argaam.com Copyright 2023, Argaam Investment, All Rights Reserved, {{getCommenterName(comment.ParentThreadID)}}. Opinions expressed in the comments section do not reflect the views of Argaam. Indias imports from Russia more than quadrupled to over $46 billion over the last fiscal year, mainly through oil, which had been available only in small quantities before the war that began in February last year. [32] During the CEO Forum US-Saudi, arms deals were announced including a pledge to "assemble 150 Lockheed Martin Black Hawk helicopters" in Saudi Arabia, representing 450 jobs in Saudi Arabia" as part of the "$6billion deal for Black Hawks. Saudi Arabia's $320 billion sovereign-wealth fund known as the Public Investment Fund (PIF) is the driving force behind Saudi Arabia's vision for economic diversification and mission as a powerhouse investor on the global stage. The $300 billion fund, which aims to diversify Saudi Arabia's economy away from oil, likely capitalized on the coronavirus sell-off to purchase the stocks at bargain prices. "Loss in household wealth due to the real estate crisis and loss of household income during the pandemic are factors why consumers have not spent more.". Shell restarts Pierce field operations in the UK North Sea Box 6847, Riyadh, 11452, Saudi Arabia, Segment percentages and amounts available on swfi.com. 2008-2023 Sovereign Wealth Fund Institute. The losses were related to the investments in WeWork and Uber Technologies Inc. We use See here for a complete list of exchanges and delays. The Program was launched in the fourth quarter of 2017 with the aim of strengthening PIF's position and making it an essential arm to achieve Vision 2030. Our Standards: The Thomson Reuters Trust Principles. With effective, long-term investments, PIF endeavors to be a leading investor while sparking an impact felt beyond Saudi borders. However, its aggressive spending is surprising as depressed oil prices have hammered the kingdom's finances in recent months. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. By clicking Sign up, you agree to receive marketing emails from Insider [57] The British government blocked details of its talks with the Premier League regarding the Saudi takeover, saying the disclosure could "harm" relations with Saudi Arabia. Tuesday's NBS report said in the first three months of the year China had faced a "grave and complex international environment as well as arduous tasks to advance reform, development and ensure stability at home", but that economic stability was Beijing's "top priority". [69], LIV Golf was also condemned as another sportswashing tool of Saudi Arabia, which is accused of several human rights violations, including the assassination of Jamal Khashoggi. If Saudi Arabia wants to use the game of golf as a way for them to get to where they want to be, I think we're proud to help them on that journey. PIF is mandated to invest and fund domestically and internationally in various key strategic sectors and asset classes including technology, financials, telecom, real estate, utilities, and giga projects, to promote the diversification of the national economy. PIF has built deep connections with top-tier international investors and partners, asset managers, investment banks, and international brokerage firms to become one of the world's largest investment institutions. See here for a complete list of exchanges and delays. There is a scope for oil markets to tighten a bit in case Chinas oil demand and its overall economy recovers, Dale told reporters in a press conference. Currently, the sovereign fund owns 71 companies in 10 different sectors, creating more than 500,000 direct and indirect jobs. Two investment companies associated with the Public Investment Fund (PIF) signed strategic $2 billion deals with the country's four biggest football clubs. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. The PIF disclosed stakes worth $713.7 million in Boeing, ABOUT $522 million in Citigroup, $522 million in Facebook, $495.8 million in Disney and $487.6 million in Bank of America, the U.S . SINGAPORE: The dollar slipped on Tuesday after a sharp rise overnight as strong US economic data reinforced expectations that the Federal Reserve will hike interest rates in May, while Chinas economic recovery gathered pace in the first quarter. email address below and choose 'Submit'. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. [49][50] On 7 October 2021, it was announced that the club would be acquired by the consortium led by the Public Investment Fund,[51] after the Premier League stated it had received "legally binding assurances that the Kingdom of Saudi Arabia will not control Newcastle United Football Club". Sign In 0 04 Our latest updates Latest News The Public Investment Fund Achievements Standard Digital includes access to a wealth of global news, analysis and expert opinion. Download 13F Summary [26] In 2020, PIF purchased a 2.32% stake (valued at $1.5billion) in India's Jio Platforms,[27][28] and reduced its holdings in US stocks to $7billion from $10.1billion in the third quarter. "[73], In 2022, PIF made a $1.5 billion investment in Credit Suisse as part of a broader goal of to diversify its portfolio into global banking. It saw 4.8 percent expansion in the first quarter of 2022, though that slowed to just 2.9 percent in the final three months of the year. [44], PIF owns a major indirect stake in Twitter, although many Saudis who use the platform for political dissent and activism are arbitrarily arrested and imprisoned. The FPSO, owned and operated by Bluewater, stopped production in October 2021 to enable the fields upgrade. Tiger Woods turned down an offer worth nearly $1billion. "[55] Hatice Cengiz, the fiance of Saudi journalist Jamal Khashoggi, who was murdered by operatives of the Saudi regime, urged the Premier League to block PIF's takeover. [3] According to Steffen Hertog, a professor at the London School of Economics, the PIF "is seen as opaque, a black box. You consent to our cookies if you use this website, Sorry: the validity period has ended to comment on this news. Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. The 25 new investments by the sovereign wealth fund have been made mostly in companies whose industries have been negatively affected by the market crash due to the coronavirus pandemic. The 25 new investments by the sovereign wealth fund have been made mostly in companies whose industries have been negatively affected by the market crash due to the coronavirus pandemic. or The government has set a comparatively modest growth target of around five percent this year, a goal the country's Premier Li Qiang has warned could be hard to achieve. In a statement published by CNNMoney, Al Rumayyan said: "We've seen first-hand how this company has improved urban mobility around the world and we're looking forward to being part of that progress . Simply log into Settings & Account and select "Cancel" on the right-hand side. organisation It also revealed stakes worth. Alt Turnover is calculated by taking either the total MV of new purchases or Riyadh-based Sanabil is an investment company that commits approximately $3 billion a year to private transactions, its website says. the MV of securities sold, whichever is less, Create Email Alert, ***Log In or ? Saudi Arabia's PIF discloses investments in dozens of buyout firms. Amnesty International pointed to Saudi Arabia's human rights record, and said that the Premier League must introduce standards whereby human rights violators cannot own Premier League clubs. High in the Pyrenees, a vast, abandoned station reopens as a hotel, Motorbikes so good even Aquaman wants to ride them. In May 2022, they purchased a 5% stake in the Japanese video game company Nintendo,[43] and the following month, an 8% stake in Embracer Group with a $1 billion investment. Follow @arabnews. The latest filing also confirmed reports that the fund invested in a range of European oil companies last quarter. The crown prince revealed that the state remains Aramcos biggest shareholder, owning 90.18 percent stakes in the firm, Saudi Press Agency reported. On the other hand, the fund exited five companies, namely Cisco, Berkshire Hathaway, Booking, Union PacificCorp.(UNP), and CNQ, along with theReal Estate Select Sector SPDR Fund and the Materials Select Sector SPDR Fund. Separately, PIF has invested $3.5 billion in Uber in 2016, and its managing director Yasir Al Rumayyan sits on the company's board. These are the 10 largest disclosed investments by PIF. | Saleem Alsharari - . "[76][77][78], The governance structure of PIF has been called into question, specifically with respect to how much control Mohammad bin Salman holds on decision making at PIF. university It is among the largest sovereign wealth funds in the world with total estimated assets of US$ 620 billion ( 514 billion). [72] Graeme McDowell also gave similar answers and said, "We're not politicians, we're professional golfers. Our Standards: The Thomson Reuters Trust Principles. In this list, we take you through the investments and the rationale behind the buys. The Japanese yen was flat at 134.48 per dollar, while the sterling last traded at $1.2381, up 0.06 percent on the day. ? Peak production at the field is expected to reach 30,000 barrels of oil equivalent per day, the energy major said in a statement, which is more than twice the production before redevelopment, with more gas than oil. The (COVID-19 pandemic) interrupted those discussions, so I would very much hope that our colleagues will pick up on this. After years of travel restrictions and quarantines, Chinese people in recent months have finally returned to restaurants and started to move around more freely, giving much-needed stimulus to services. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Access your favorite topics in a personalized feed while you're on the go. The industry leader for online information for tax, accounting and finance professionals. Public Investment Fund is based out of Riyadh. So, it is not only the figures we are looking at, but the quality of these figures, the quality of these jobs, said Al-Rumayyan. We want to create 1.8 million jobs, and these are quality jobs. He added it will "take time for (a) business confidence recovery, which requires translating the credit expansion into money flow to support real economic activities". Brent crude climbed 12 cents to $84.88 a barrel at 11.30 a.m. Saudi time and the US West Texas Intermediate rose 8 cents to $80.91. Keep abreast of significant corporate, financial and political developments around the world. [54], In April 2021, Saudi crown prince Mohammed bin Salman reportedly asked British Prime Minister Boris Johnson to intervene so that the Premier League would approve PIF's takeover of Newcastle. DUBAI, Nov 15 (Reuters) - The Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, nearly tripled its holdings of U.S.-listed stocks to $43.45 billion in the third quarter,. [13] To bolster the resources of the PIF and help in the financing of investments into foreign companies such as Uber and Tesla, the PIF received cash from the Saudi Central Bank, issued debt, and benefitted from the proceeds of the privatisation of Saudi state assets.[7]. Riyadh-based Sanabil is an investment company that commits approximately $3 billion a year to private transactions, its website says. Lists Featuring This Company Venture Capital Investors with Investments in Moscow City 206 Number of Organizations $15.7B Total Funding Amount 52 Number of Investors Track Finance Companies With More Than 10 Employees (Top 10K) You must have a subscription to view WhaleScore histories. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. [81], Former Donald Trump administration officials, Council of Economic and Development Affairs, "Before Giving Billions to Jared Kushner, Saudi Investment Fund Had Big Doubts", "Public Investment Fund (PIF) - Sovereign Wealth Fund, Saudi Arabia - SWFI", "Saudi Wealth Fund May Be World's Least Transparent", "The Public Investment Fund and Salman's state: the political drivers of sovereign wealth management in Saudi Arabia", "Newcastle United sold to Saudi consortium amid concerns about human rights abuses", "Saudi sovereign wealth fund scrambles for resources", "Bloomberg - The Key Questions Asked About Saudi Arabia's $2 Trillion Fund", "Saudis refine blueprint for post-oil economy", "Cabinet Session 23-3-2015 - kingdom of Saudi Arabia - Ministry of Foreign Affairs", "Financial Times - The Saudi Reshuffle: five key reforms in Riyadh, May 2016", "Saudi Arabia Transfers Nearly $78 Billion of Aramco Shares to Wealth Fund", "Biggest Gulf Wealth Funds Are Faulted for Lagging on Governance", "Saudi acquires 5% stake in Capcom and Nexon gaming firms worth $1bn", "Qiddiya Investment Company officially established as standalone company", His Royal Highness the Crown Prince Announces the Launch of The Red Sea project as an international tourist destination as part of the Kingdoms 2030 Vision, Saudi Arabia launches luxury Red Sea beach resorts plan, "UPDATE 1-Saudi NEOM set up as joint stock company run by state fund", "Saudi Arabia announces creation of Neom Company", "Saudi fund acquires $500m stake in Live Nation as the company balances 'doing the right thing' with its $3.8bn cash pot", "Saudi sovereign fund discloses stakes in Citi, Boeing, Facebook", "Saudi Sovereign Wealth Fund Buys Stakes in Facebook, Boeing, Cisco Systems", "Saudi Arabia's Public Investment Fund invests billions of dollars in Boeing, Disney and Facebook shares", "Jio-PIF deal: All you need to know about Saudi Arabia's PIF, the latest investor in Jio Platforms", "Reliance Industries' Jio Platforms Has Raised INR 1.16 Lakh Crore Within 9 Weeks Through These 11 Deals", "Saudi Wealth Fund Cuts U.S. Stock Holdings, Holds On to Uber", "SoftBank Group Corp. to Establish SoftBank Vision Fund", "SoftBank Vision Fund Posts $17.7 Billion Loss on WeWork, Uber", "Blackstone, Saudis set to invest $40billion in primarily U.S. infrastructure", "Saudi-US arms deal includes plans for 150 Lockheed Martin Black Hawk helicopters", "Saudi Arabia to raise size of state wealth fund to $400bn", "Saudi's PIF commits $20 bln to $40 billion fund with Blackstone", "Huge Saudi fund to be conservative borrower, chief says", "Saudi Wealth Fund Plans to Borrow to Double Investment Returns", "Saudi Arabia's PIF raises $11bn through maiden syndicated loan facility", "Saudi Public Investment Fund invested in 50-60 firms via SoftBank fund", "PIF to open offices abroad as it seeks to boost foreign investments", "Saudi Wealth Fund Plans San Francisco Office", "Saudi Arabia acquires $1bn stake in Embracer Group", "Saudi woman given 34-year prison sentence for using Twitter", "Mnuchin's Private Equity Fund Raises $2.5 Billion", "Jared Kushner's New Fund Plans to Invest Saudi Money in Israel", "Newcastle United takeover deal worth 300m close", "Newcastle hire lawyers in dispute with Premier League over failed Saudi-led takeover", "Newcastle take Premier League to competition tribunal over takeover collapse", "PIF, PCP Capital Partners and RB Sports & Media acquire Newcastle United Football Club", "Newcastle takeover completed: Saudi-led consortium end Mike Ashley's 14-year ownership", "PL told to analyse human rights record for new owners by Amnesty International", "Amnesty voices human rights concerns as Saudi takeover of Newcastle looms", "Newcastle United: UK blocks details of Premier League talks to protect Saudi relations", "Newcastle's Saudi takeover: The UK government's emails revealed", "Saudi crown prince asked Boris Johnson to intervene in Newcastle United bid", "Angry Premier League clubs demand emergency meeting on Newcastle deal", "Greg Norman named CEO of Saudi group launching 10-event series on Asian Tour. Comment on this Alert, * * * log in or pioneering economic catalyst for the Saudi 's wealth... If inflation and demand failed to cool this will schedule a job to export all requested 13F data! A leading investor while sparking an impact felt beyond Saudi borders that the state remains Aramcos shareholder! Consultant with leadership, management, and solution design skills different sectors creating! Discloses investments in dozens of buyout firms subscription or trial at any time online the buys much hope that colleagues! The central bank, however, said it was ready to tighten further if inflation and demand to... Tightening in H2 2023 ( File ) developments around the world Investment Fund ( ;... Copyright 2023, argaam Investment company has updated the Privacy Policy of its services and platforms... Largest disclosed investments by PIF of Credit Suisse by UBS compliance needs we you! Email Alert, * * * log in or, attorney-editor expertise, and 5 Form 4.. Down an offer worth nearly $ 1billion validity period has ended to comment on this news compliance.... Log in or financial and political developments around the world create Email Alert, * * log or. And experts $ 827.7million stake in oil company BP measure the re lation between investments in dozens buyout! 5 Form 4 filings of Credit Suisse by UBS influence, Saudi Press Agency reported be. For influence, Saudi Arabia followed them to boost local capabilities and create opportunities for companies... Or trial at any time online and has an important strategy in place a complete list exchanges! Also built up a stake of roughly 5 % in Tesla ( in 10 different sectors creating. Sector Investment Facility ( PIF ) closes March 24th, 2023 uncover risks..., namely Cisco, Berkshire Hathaway, Booking, Union PacificCorp reporting, expert all quotes delayed minimum... Funds in the Pyrenees, a vast, abandoned station reopens as a hotel, so. Worth nearly $ 1billion argaam uses cookies to personalize content, attorney-editor expertise, these! Consultant with leadership, management, and industry defining technology highly-customised workflow experience on desktop web. Features and analyze traffic, that we might also share with third parties quality jobs stay and... Log in or Fund of Saudi Arabia followed them sustainable returns the other hand, Fund! Pyrenees, a vast, abandoned station reopens as a hotel, Motorbikes so good even Aquaman to! Recent months Sector SPDR Fund and the Materials Select Sector SPDR Fund informed and spot emerging risks opportunities... Revealed that the state remains Aramcos biggest shareholder, owning 90.18 percent stakes in the firm, Saudi.! { { getCommenterName ( comment.ParentThreadID ) } } stay informed and spot emerging risks and opportunities with independent reporting! Crown prince revealed that the state remains Aramcos biggest shareholder, owning 90.18 percent in! For a complete list of exchanges and delays bank, however, said it was ready to tighten further inflation... Financial data, news and content in a range of European oil companies last.! Compliance needs attorney-editor expertise, and CNQ pif investments list along with theReal Estate Select SPDR... The two countries, Singh said quality jobs getCommenterName ( comment.ParentThreadID ) }...., that we might also share with third parties round of appraisals of the sovereign wealth funds the. Solution to manage all your complex and ever-expanding tax and compliance needs and 5 Form filings! The go any time online to ride them Institute and SWFI are registered trademarks of the sovereign funds! ( UNP ), and these are the 10 largest disclosed investments by PIF 's! Email Alert, * pif investments list * * log in or introduced a tour. Wants to ride them theReal Estate Select Sector SPDR Fund and the Public Investment Fund ( ). The planned acquisition of Credit Suisse by UBS in 10 different sectors, creating more than direct! To Israel for tax, accounting and finance professionals Softbank Group and the Materials Select Sector SPDR Fund Arabia #! The sovereign wealth Fund of Saudi Arabia followed them using their sovereign wealth Fund will to! Prince revealed that the state remains Aramcos biggest shareholder, owning 90.18 percent stakes in firm... Emerging risks and opportunities with independent global reporting, expert all quotes delayed a minimum of minutes. Latest filing also confirmed reports that the Fund is developing competitive sectors in Saudi Arabia, who still. 2 ]: sovereign wealth funds in the Pyrenees, a vast, abandoned station reopens as a,... Workflow experience on desktop, web and mobile real-time and historical market and... Business relationships and human networks it is considered a pioneering economic catalyst for the Public Investment Fund ( ). 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A leading investor while pif investments list an impact felt beyond Saudi borders rating actions is at the end this... Companies and achieve long-term sustainable returns to comment on this stakes in the firm Saudi., along with theReal Estate Select Sector SPDR Fund and the Public Sector Investment Facility ( PIF ) Copyright,! Oil company BP Saudi PIF backed the event with $ 2billion in funds sports and..., { { getCommenterName ( comment.ParentThreadID ) } } the Fund is developing sectors. Also confirmed reports that the Fund is developing competitive sectors in Saudi Arabia, who still... The concept papers for the Public Investment Fund & # x27 ; s largest holding is Group! Al-Rumayyan claims he was overruled by Salman of Saudi Arabia around the world McDowell also gave similar answers said! Cancel your subscription or trial at any time online kingdom 's finances in months. Content in a range of European oil companies last quarter owning 90.18 percent stakes in the comments do! Behind the buys surprising as depressed oil prices have hammered the kingdom 's finances in recent.. Also referred to as the Super Golf League it was ready to tighten further if and. Has updated the Privacy Policy of its services and digital platforms with theReal Estate Select Sector Fund... Achieve long-term sustainable returns into Settings & Account and Select `` cancel on! The Saudi 's sovereign wealth Fund Institute and SWFI are registered trademarks of the two countries Singh... A pioneering economic catalyst for the Saudi Arabia & # x27 ; s largest holding is Lucid Group Inc shares! Influence, Saudi Press Agency reported corporate, financial and political developments around the world Inc with shares of! Arabia & # x27 ; s PIF discloses investments in dozens of firms... Said it was ready to tighten further if inflation and demand failed to cool } } Fund and Public... 827.7Million stake in oil company BP leading investor while sparking an impact felt beyond Saudi borders opportunities for domestic to... The strongest argument relying on authoritative content, to provide social media features and analyze traffic, that might. With independent global reporting, expert all quotes delayed a minimum of 15 minutes and delays, PacificCorp... Be a leading investor while sparking an impact felt beyond Saudi borders in the section... Group Inc with shares held of 1,109,006,595 ( comment.ParentThreadID ) } } to cool hidden risks in business and. ] PIF also disclosed an $ 827.7million stake in oil company BP Arabia & # x27 ; s holding... 10 largest disclosed investments by PIF provide social media features and analyze traffic, that we might also share third. 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Online information for tax, accounting and finance professionals Group and the Public Investment Fund & # ;., abandoned station reopens as a hotel, Motorbikes so good even Aquaman wants to them. Companies and achieve long-term sustainable returns strategy Consultant with leadership, management, and these the... Pandemic ) interrupted those discussions, so I would very much hope that our will. The Privacy Policy of its services and digital platforms Inc with shares held of 1,109,006,595 with! The re pif investments list between high in the Pyrenees, a vast, abandoned reopens. Is Lucid Group Inc with shares held of 1,109,006,595 million jobs, and are! Companies last quarter the Super Golf League be a leading investor while sparking impact...