Public Investment Fund
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Posted On NewsOversubscribed Flynas IPO offers hope for other Saudi listings
The Saudi budget airline Flynas announced that the retail tranche of its initial public offering (IPO) was oversubscribed four and a half times. The news offers hope…
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Posted On NewsProfits jump for PIF’s Elm digital services company
Elm Company, a digital services company controlled by Saudi Arabia’s Public Investment Fund, said first-quarter profit surged more than 40 percent on higher sales. Net profit…
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Posted On NewsCanada must do more to capitalise on billion dollar Saudi projects
Canada and Saudi Arabia have made progress towards ending a five-year diplomatic spat and mending trade and economic relations. However experts say that more could…
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Posted On NewsCanada must do more to capitalise on billion dollar Saudi projects
Canada and Saudi Arabia have made progress towards ending a five-year diplomatic spat and mending trade and economic relations. However experts say that more could…
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Posted On NewsPIF weighs investment in Boeing’s Italian parts maker
Saudi Arabia’s Public Investment Fund (PIF) is holding talks about investing in the aerostructures unit of Italian defence company Leonardo, a news report said. The talks are…
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Posted On NewsCeer strikes $145m deal with Sabelt for EV sports seats
Ceer, Saudi Arabia’s first electric vehicle (EV) brand, has struck a SAR543 million ($145 million) deal with Italy’s Sabelt to develop sports seats for its…
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Posted On NewsSTC seeks board seat after raising Telefónica stake
Saudi Arabia’s STC Group is seeking a board seat in Spain’s Telefónica after increasing its stake in the telco to 9.97 percent. Discussions will be…
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Posted On NewsSaudi Arabia’s PIF invests $200m in JP Morgan fund
Saudi Arabia’s Public Investment Fund has invested $200 million in a recently launched exchange-traded fund that tracks dollar-denominated bonds and sukuk issued by the kingdom’s government and…
Liyana Parker
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