PIF and Google Cloud to create advanced AI hub in Saudi Arabia
6 days ago · PIF and Google Cloud today announced a strategic partnership to create a new global artificial intelligence (AI) hub. The new AI hub will be based near Dammam, in Saudi Arabia’s Eastern Province. The landmark partnership, which was signed at the Future Investment Initiative 8th Edition (FII8), further establishes Saudi Arabia as a global hub ...
PIF’s Asset Management Forum concludes second edition at FII8
PIF concluded the second edition of the PIF Asset Management Forum, which took place on the sidelines of the Future Investment Initiative 8th Edition (FII8) in Riyadh. The forum hosted over 300 high-level representatives of asset management entities, business leaders, government figures and representatives of sovereign wealth funds. The 2024 forum explored the future of Saudi capital markets ...
PIF signs memorandums of understanding with five leading …
5 days ago · PIF today announced the signing of five memorandums of understanding (MoUs) worth up to $51 billion with leading Japanese financial institutions. These MoUs were signed with Mizuho Bank, Sumitomo Mitsui Financial Group, MUFG Bank, Japan Bank for International Cooperation (JBIC), and Nippon Export and Investment Insurance (NEXI).
Saudi Arabia's PIF signs MoUs worth up to $51 bln with Japanese …
5 days ago · Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), has signed five Memorandums of Understanding (MoU) with Japanese financial institutions worth up to an overall $51 billion ...
Saudi Arabia’s PIF to Anchor $2 Billion Brookfield Mideast Fund
6 days ago · Saudi Arabia will back Brookfield Asset Management Ltd.’s new $2 billion Middle East fund, giving the Canadian investment firm extra financial firepower to pursue deals in the oil-rich Gulf region.
Exclusive: Saudi sovereign wealth fund to reorganize management …
May 24, 2024 · Saudi Arabia's de-facto ruler has poured hundreds of billions of dollars through the PIF into projects including NEOM, a massive urban and industrial development project nearly the size of...
Saudi Arabia: Wall Street, PE Firms On Edge Over PIF's Domestic …
May 29, 2024 · While the fund plans to ramp up annual spending to as much as $70 billion, executives at three alternative investment firms have privately expressed concerns that the PIF will channel more money...
Saudi Arabia’s Nearly $1 Trillion Wealth Fund Swings to Profit
Jul 2, 2024 · Under Governor Yasir Al Rumayyan, the PIF has been transformed from a sleepy domestic holding company into one of the world’s largest and most active state-controlled investors in less than a...
Public Investment Fund of Saudi Arabia - Financial Times
Aug 20, 2024 · Stay up-to-date with breaking news and top stories on Public Investment Fund of Saudi Arabia. In-depth analysis, industry insights and expert opinion.
Saudi fund’s prudence pivot is only half complete | Reuters
Aug 20, 2024 · Among the world’s major sovereign wealth vehicles, Saudi Arabia’s Public Investment Fund (PIF) has always had an unusually local flavour. That idiosyncrasy is growing.