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Global Business and Financial News, Stock Quotes, and Market Data and Analysis. The Saudi Public Investment Fund … Through such partnerships, the PIF facilitates the transfer of technology and expertise, subsequently building competitive advantages while bolstering direct foreign investments in Saudi Arabia. Public Investment Fund (PIF) | 284,125 followers on LinkedIn. Established in 1971 by Royal Decree, the PIF has t … Saudi Arabia’s sovereign wealth fund, known as the Public Investment Fund (PIF), has beefed up its investments around the world since Crown Prince Mohammed bin Salman took charge of the fund … © We want to hear from you. PIF (Public Investment Fund) Managing Director Yasir bin Othman Al-Rumayyan attends the Russian-Saudi Investment Forum held at the Ritz-Carlton Moscow Hotel. To achieve this, the Fund is building a world-class, diversified portfolio through investments in attractive, long-term opportunities at both the domestic and international level. Saudi Arabia's Public Investment Fund invests Rs 9,555 crore in Mukesh Ambani's Reliance Retail Total 3.21 lakh shares changed hands amounting … Public Funds Investment fund includes a range of securities to choose according to the principles and criteria specific check the investment objectives of the Fund, in addition to achieving the benefit of diversification for the investor fund, which lowers the overall risk level of investment. He is also an adviser to the PIF governor. To actively invest over the long term to maximize sustainable returns, be the investment partner of choice for global opportunities, and enable the economic development and diversification of the Saudi economy, This map represents countries where PIF has carried out dire​ct investments. PIF - Public Investment Fund Currently selected. Working alongside global strategic partners and renowned investment managers, PIF acts as the Kingdom’s main investment arm to deliver a strategy focused on achieving attractive financial returns and long-term value for the Kingdom of Saudi Arabia. Carnival has lost 75% of its value year-to-date amid the worldwide halt in leisure travel and several disastrous coronavirus outbreaks on its cruise ships. It was founded for the purpose of investing funds on behalf of the Government of Saudi Arabia. The $325bn Public Investment Fund has spent billions on overseas deals this year even as the kingdom’s economy struggles. Got a confidential news tip? Saudi Arabia aims at transferring the PIF from a mere local authority to the largest sovereign fund in the world. The news also comes after reports that the Public Investment Fund bought stakes in four major European oil companies, though the reports have not been confirmed by the wealth fund and it has not commented publicly on the matter. It also develops high focus strategic sectors by growing and maximizing the impact of the fund’s investments, making it the largest sovereign wealth fund in the world. Saudi Public investment Fund further strengthens leadership team with key appointments as fund continues its expansion. Saudi private funds rose 25.8 percent in the Q4 to $47.54 billion, compared with $37.77 billion in the same quarter in 2017. Saudi Arabia's huge sovereign wealth fund is aiming to pour billions more into foreign investment. Sign up for free newsletters and get more CNBC delivered to your inbox. Yazeed Alhumied has been the chief of staff at the Public Investment Fund (PIF) since 2016. It oversees more than $300 billion in assets and has stakes in numerous major companies ranging from Uber and electric vehicle company Lucid Motors to a $45 billion investment in Softbank's $100 billion Vision Fund. See the latest updates, context, and perspectives about this story. Saudi Arabia's investment makes its Public Investment Fund the third-largest shareholder in the company after Liberty Media Corp and Vanguard Group. The Public Investment Fund Vision Realization Program strengthens the Public Investment Fund, which is the engine behind economic diversity in the KSA. It is among the largest sovereign wealth funds in the world with total estimated assets of $382 billion. Public Investment Fund's largest holding is Uber Technologies Inc with shares held of 72,840,541. The purchase follows numerous reports of … Investors who aren't billionaires can invest more modest amounts in Saudi Arabia and the surrounding region through any of a handful of exchange-traded funds (ETFs) that … Their last reported 13F filing for Q3 2020 included $7,049,292,000 in managed 13F securities and a top 10 holdings concentration of 100.0%. In early April, the Saudi fund disclosed an 8.2% stake in the beleaguered cruise operator Carnival Corp, sending that company's shares up nearly 30% on the day the news was announced. May 16 2020. Data is a real-time snapshot *Data is delayed at least 15 minutes. The investment in Live Nation is the second by the Saudi government this month in an industry hit hard by the pandemic. Author: MAGNiTT. The company is currently implementing hiring freezes and furloughs, and has implemented 50% pay cuts for top executives, with its CEO Michael Rapino nixing his full salary. The ​Public Investment Fund (PIF) of Saudi Arabia is one of the largest sovereign wealth funds in the world. Press Release - 22-Dec-2020 employment Saudi sovereign fund PIF says total staff count crossed 1,000 in December BENGALURU, Nov 5 (Reuters) - Saudi Arabia's Public Investment Fund will invest 95.55 billion rupees ($1.29 billion) for a 2.04% stake in Reliance Industries' retail arm, giving the unit a pre-money equity value of 4.59 trillion rupees, the Indian conglomerate said on Thursday. PIF’s Chief of Staff, Yazeed AlHumied, as new Head of the Fund’s Local Holdings Investments. The purchase follows numerous reports of the Saudi wealth fund buying stakes in companies whose stock prices have been obliterated by the Covid-19 pandemic and ensuing lockdowns around the world. The Public Investment Fund is the kingdom's primary vehicle for expanding its domestic and international investments and is a key part of Saudi Crown Prince Mohammed bin Salman's Vision 2030, which is aimed at diversifying the country's economy away from oil reliance. As a global player, the fund actively engages its vast network to bring select strategic partners to the Kingdom in these new sectors. The Public Investment Fund is developing a portfolio of high quality domestic and international investme nts, diversified across sectors, geographies and asset classes. Saudi Arabia’s investment makes its Public Investment Fund the third-largest shareholder in the company after Liberty Media Corp and Vanguard Group. The fund’s objective is to provide financial support for projects and investments aligned with the strategic expansion of the Kingdom’s economy through the expansion and creation of new sectors. About PIF; Leadership. At home, PIF … With prospects for concerts dashed for what may be the rest of the year or longer, the stock is down more than 40% year-to-date. Board Members; PIF Executives; Portfolio; Program; Media Center; Careers. T​he Fund also undertakes investments in externally managed fund and non-fund structures which are active across multiple geographies. Moreover, the program establishes strong economic The stake, worth about $518 million based on the company's current stock price, comprises 12,337,569 shares, according to a filing with the Securities and Exchange Commission on Monday. Get this delivered to your inbox, and more info about our products and services. Saudi Arabia's public investment fund assets grew 1.48 percent in Q4 of 2018, reaching $29.83 billion, compared to $29.39 billion in the same period last year. To be a global investment powerhouse and the worl​d’s most impactful investor, enabling the creation of new sectors and opportunities that will shape the future global economy, while driving the economic transformation of Saudi Arabia. (Bloomberg) -- Saudi Arabia’s sovereign wealth fund overhauled some of its top management as it prepares to take a greater role in the local economy.The $360 billion Public Investment Fund … These investments occurred at the outset of a multifaceted economic crisis in Saudi Arabia and amid sharp tensions in U.S.-Saudi relations. The Public Investment Fund is Saudi Arabia's sovereign wealth fund. Public Investment Fund: Know all about Public Investment Fund company. Public Investment Fund is based out of Riyadh. The purchase by Saudi Arabia's Public Investment Fund comes as Live Nation — the world's largest concert and events promoter — is seeing revenues vanish as the coronavirus pandemic hammers the events industry and the global economy. Saudi Arabia's sovereign wealth fund, which is one of the largest in the world, sold off 50% of its stock in Warren Buffett's Berkshire Hathaway, according to a … Saudi Arabia’s Public Investment Fund assumed minority stakes in major U.S. companies and other U.S.-listed entities during a multibillion-dollar spending spree in early 2020. Thus, PIF is … The ​Public Investment Fund seeks to become one of the largest sovereign wealth funds in the world. Established in 1971, the Public Investment Fund is a Saudi Arabian Sovereign wealth Fund. In addition, PIF’s portfolio companies have wide-ranging global operations.​, جميع الحقوق محفوظه All Rights Reserved. Shares of Live Nation popped about 10% on Monday on the news that Saudi Arabia's sovereign wealth fund bought a 5.7% stake in the American events company, which is parent to Ticketmaster. Saudi Arabia is now the second-largest stakeholder in what is the world's largest cruise company after its chairman, Micky Arison, who owns a roughly 16% stake. The Public Investment Fund (PIF) was established in 1971 as the sovereign wealth fund of the Kingdom of Saudi Arabia. Son portefeuille d’investissement est constitué d’environ 200 investissements [1 2018 - 2017. [EXCLUSIVE] Interview with Adel Alateeq, the CEO of Saudi Arabia's Public Investment Fund's (PIF) Fund of Funds, Jada Interviews and Q&A 1 year ago - Mon, Dec 30, 2019, 12:44 PM. Careers; GDP; Contact Us AR العربية Twitter Linked in Youtube Sound Vision. Get Public Investment Fund contact details such as address, phone number, website, latest news and more at Arabianbusiness A Division of NBCUniversal. 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