BlackRock and PIF set to transform Saudi capital markets with new investment platform

Pallavi Madhiraju- May 1, 2024 0

BlackRock Saudi Arabia and the Public Investment Fund (PIF) of Saudi Arabia have solidified their commitment to enhancing the Saudi capital markets ecosystem through a ... Read More

Tamara becomes first Saudi fintech unicorn with $340m Series C funding

Pallavi Madhiraju- December 20, 2023 0

In a historic move, Tamara, the leading fintech platform in Saudi Arabia and the GCC region, has become the Kingdom's first homegrown fintech unicorn. This ... Read More

Saudi’s PIF to invest in Alkhorayef Petroleum for 25% stake

Pallavi Madhiraju- November 15, 2023 0

The Public Investment Fund (PIF) has announced its investment in Alkhorayef Petroleum, from the Alkhorayef Group, through a share subscription agreement for a 25% shareholding. ... Read More

Hyundai Motor, PIF ink $500m deal for automated vehicle plant in Saudi Arabia

Pallavi Madhiraju- October 24, 2023 0

A groundbreaking agreement has been solidified between the Public Investment Fund (PIF) of Saudi Arabia and Hyundai Motor Company (Hyundai), aiming to set up a ... Read More

Standard Chartered to sell aviation finance business to AviLease for $700m

Pallavi Madhiraju- August 28, 2023 0

Standard Chartered Group has announced the sale of its global aviation finance leasing business to AviLease, a Saudi Arabian company owned by the Public Investment ... Read More

Al Shuaibah solar PV projects : ACWA Power-led consortium announces financial closure

Pallavi Madhiraju- August 21, 2023 0

In a monumental step for Saudi Arabia's renewable energy vision, leading energy player ACWA Power, in collaboration with the Water and Electricity Holding Company (Badeel) ... Read More

Vale secures strategic investments for energy transition metals business

Pallavi Madhiraju- July 30, 2023 0

Vale, a global leader in the metals industry, has entered into a binding agreement with Manara Minerals, a joint venture between Ma’aden and Saudi Arabia’s ... Read More

CENTOGENE, Lifera form genetic testing JV in Saudi Arabia and GCC

Pallavi Madhiraju- July 2, 2023 0

CENTOGENE, a provider of data-driven solutions for rare and neurodegenerative diseases, and Lifera, a biopharmaceutical company owned by the Public Investment Fund (PIF), have announced ... Read More

PIF acquires 30% stake in cooling system developer Saudi Tabreed

Raghuram Kadari- February 14, 2023 0

The Public Investment Fund (PIF), a sovereign wealth fund of Saudi Arabia, has acquired a 30% interest in the Saudi Tabreed District Cooling Company, a ... Read More

EC approves Saudi Aramco’s $69bn stake acquisition in SABIC

Soujanya- March 2, 2020 0

Saudi Aramco has obtained unconditional approval from the European Commission (EC) for its previously announced acquisition of a 70% stake in Saudi Basic Industries Corporation ... Read More