PIF Prepares for SITE’s IPO Next Year
The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has appointed Riyad Capital and Morgan Stanley as financial advisers for the planned initial public offering (IPO) of its technology […]
PIF
PIF Leads a Historic $50 Billion Deal to Take Electronic Arts Private
In what could become the largest leveraged buyout in history, Saudi Arabia’s Public Investment Fund (PIF) is reportedly leading a consortium, including private equity giant Silver Lake and Jared Kushner’s
Neo Space Group Acquires UP42 from Airbus to Boost Earth Observation Capabilities
Neo Space Group (NSG), a Public Investment Fund (PIF) company and Saudi Arabia’s leading commercial space services provider, has completed the acquisition of UP42 GmbH, the Earth Observation (EO) platform
Launch of Tasamy to Enhance Integrated Business Services in Saudi Arabia
The Public Investment Fund (PIF) has announced the launch of “Tasamy for Business Services” (Tasamy), aimed at enhancing the integrated business solutions ecosystem in Saudi Arabia and empowering the growth
ROSHN Group Launches ROSHNEXT Innovation Arm to Accelerate Real Estate Transformation
ROSHN Group, Saudi Arabia’s leading multi-asset real estate developer and a Public Investment Fund (PIF) company, has officially launched ROSHNEXT, the Group’s dedicated innovation arm. This initiative is designed to
Saudi Sovereign Fund Opens Paris Office Amid Speculation of Olympique de Marseille Takeover
The Saudi Public Investment Fund (PIF) officially opened its first office in France, located in Paris, as part of its broader global expansion strategy. This move aims to strengthen economic
Crown Prince Launches HUMAIN to Position Saudi Arabia as a Global AI Leader
Saudi Crown Prince Mohammed bin Salman, Crown Prince, Prime Minister, and Chairman of the Public Investment Fund (PIF), has announced the launch of HUMAIN, a new AI company wholly owned
Savvy Games Group, Owned by PIF, Acquires Niantic’s Gaming Division Through Scopely
In a massive and unexpected deal, Savvy Games Group, the Saudi investment arm of the Public Investment Fund (PIF), has announced the acquisition of Niantic, Inc.’s gaming division by Scopely for $3.5 billion. This strategic move underscores
PIF Launches “Al Wahah” as Saudi Arabia’s First Duty-Free Retail Operator
The Public Investment Fund (PIF) has announced the launch of Al Wahah Duty-Free, Saudi Arabia’s first locally owned duty-free retail operator specializing in travel retail. The company aims to become a leader in