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Public Investment Fund (PIF)

Lucid is ‘key step’ in PIF’s strategy after market debut

Lucid is ‘key step’ in PIF’s strategy after market debut

  • PIF is believed to hold more than 60 percent of the stock after its 2018 cash injection into the start-up, giving it a paper profit of at least $15 billion
By Frank Kane ·
The Saudi Arabian Investment Company (Sanabil Investments) on Wednesday announced that its parent company, the Public Investment Fund, had approved increasing its share capital by 50 percent. (Supplied)

PIF’s Sanabil Investments increases share capital by 50% to $8bn

By Arab News ·
PIF’s Saudi Real Estate Refinance Company issues $1.07bn sukuk

PIF’s Saudi Real Estate Refinance Company issues $1.07bn sukuk

By Arab News ·
Saudi Arabian Military Industries signs deals at IDEX

Saudi Arabian Military Industries signs deals at IDEX

By SPA ·
PIF put $1 billion into Lucid in 2018, giving it a majority stake in the California-based company when it was at the early stages of designing advanced luxury electric cars. (Supplied)

PIF makes billions on its investment in Lucid Motors

By Frank Kane ·
Lucid, run by an ex-Tesla engineer, is the latest firm to tap the initial public offering market, with investors rushing into the EV sector, spurred by the rise of Tesla Inc. (Supplied)

PIF-backed Lucid Motors to go public in $24-bln mega deal

By Reuters ·
PIF’s Sanabil Investments to launch Saudi startup program

PIF’s Sanabil Investments to launch Saudi startup program

By Rashid Hassan ·
PIF’s Noon launches grocery delivery service in Riyadh

PIF’s Noon launches grocery delivery service in Riyadh

By Rashid Hassan ·
Noon runs a very large e-commerce marketplace, and Alabbar said he plans to ultilise the company's existing fleet of vans to provide the food delivery service, helping to increase efficiency and reduce costs. (Supplied)

PIF’s Noon.com launches into competitive food delivery sector

By Ruba Obaid ·
Saudi Aramco signs new augmented reality deal with PIF-backed US startup Magic Leap

Saudi Aramco signs new augmented reality deal with PIF-backed US startup Magic Leap

By ASEEL BASHRAHEEL ·
Saudi Cabinet praises Public Investment Fund’s new five-year strategy

Saudi Cabinet praises Public Investment Fund’s new five-year strategy

By Arab News ·
Special PIF: Saudi Aramco may sell more shares if market conditions are right

PIF: Saudi Aramco may sell more shares if market conditions are right

By NOOR NUGALI ·
Special The next phase of Saudi Vision 2030, unveiled by Crown Prince Mohammed bin Salman during a speech on Sunday outlining the Public Investment Fund’s (PIF) strategy for the next five years, is a road map towards economic diversification. (AFP/File Photo)

Saudi Arabia puts foot on the gas with accelerated strategy for sovereign wealth fund PIF

By Frank Kane ·

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