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Public Investment Fund acquires Hadeed from SABIC at $3.33bn

Public Investment Fund acquires Hadeed from SABIC at $3.33bn
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Public Investment Fund acquires Hadeed from SABIC for $3.33bn

RIYADH: The Public Investment Fund on Sunday announced the signing of a share purchase agreement to acquire a 100 percent shareholding in the Saudi Iron &…

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PIF acquires 30% stake in Saudi Tabreed to boost sustainable cooling in the Kingdom

RIYADH: The Public Investment Fund on Sunday announced the acquisition of a 30 percent stake in the Saudi Tabreed District Cooling Co., a leading provider of sustainable district cooling schemes for some of the largest projects in Saudi Arabia. Saudi Tabreed offers highly efficient solutions that drive reductions in power consumption and the costs of operation and maintenance

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Musk says Tesla tweet was genuine in fraud case

The boss of the electric car company is on trial after investors claimed the 2018 tweet cost them millions of dollars when a deal did not go ahead.

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MBS Wants Saudi Arabia Fund to Reach $2 Trillion in Assets | Chief Investment Officer


MBS Wants Saudi Arabia Fund to Reach $2 Trillion in Assets
The crown prince’s ambitious plan for the Public Investment Fund would change the kingdom’s dependence on oil while creating the world’s largest pool of institutional money, but questions remain.
Saudi Arabia Crown Prince Mohammed bin Salman has unveiled an ambitious plan that would make the Public Investment Fund (PIF) the largest sovereign wealth fund in the world, increasing its roughly $400 billion in assets to $1.1 trillion by 2025 and $2 trillion by 2030.
Analysts question whether the plan is feasible, but one thing is certain: The 35-year-old de facto ruler of Saudi Arabia doesn’t think small.

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Saudi's $360bn sovereign wealth fund PIF rejigs top leadership


Saudi’s $360bn sovereign wealth fund PIF rejigs top leadership
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The reshuffle comes as the PIF and its subsidiaries prepare to significantly increase domestic spending
December 23, 2020
Saudi Arabia’s sovereign wealth fund overhauled some of its top management as it prepares to take a greater role in the local economy.
The $360bn Public Investment Fund on Tuesday said that Fahad Alsaif, chief executive officer of the country’s National Debt Management Center and adviser to the finance minister, will become head of corporate finance and a member of its management committee.

Saudi-arabia , United-states , Saudi-arabian , America , Saudi , Alireza-zaimi , Fadi-al , Yasir-al-rumayyan , Fahad-alsaif , Rashed-sharif , Al-rumayyan , Saad-alkroud

Saudi Arabia's Wealth Fund Reshuffles Key Executive Team


Dec 23 2020, 10:38 AM
December 22 2020, 11:46 AM
December 23 2020, 10:38 AM
(Bloomberg) -- Saudi Arabia’s sovereign wealth fund overhauled some of its top management as it prepares to take a greater role in the local economy.
(Bloomberg) -- Saudi Arabia’s sovereign wealth fund overhauled some of its top management as it prepares to take a greater role in the local economy.
The $360 billion Public Investment Fund on Tuesday said that Fahad Alsaif, chief executive officer of the country’s National Debt Management Center and adviser to the finance minister, will become head of corporate finance and a member of its management committee.
Alsaif replaces Alireza Zaimi, who joined the fund from Bank of America in 2017 to oversee the corporate finance division. Zaimi has been promoted to special adviser to the PIF Governor Yasir Al-Rumayyan across his various roles. Al Rumayyan’s other posts include chairman of Saudi Aramco and Saudi Arabian Mining Co.

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Saudi Arabia's $360 Billion Wealth Fund Rejigs Leadership


Saudi’s $360 Billion Wealth Fund Rejigs Top Leadership
Bloomberg
12/22/2020
Matthew Martin and Adveith Nair
© Bloomberg
Construction site debris sits beneath skyscrapers on land surrounding the King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia, on Tuesday, July 28, 2020. Saudi Arabia suffered a simultaneous decline in oil and non-oil revenue as the global pandemic combined with lower energy prices to jolt the kingdom’s public finances.
(Bloomberg) -- Saudi Arabia’s sovereign wealth fund overhauled some of its top management as it prepares to take a greater role in the local economy.
The $360 billion Public Investment Fund on Tuesday said that Fahad Alsaif, chief executive officer of the country’s National Debt Management Center and adviser to the finance minister, will become head of corporate finance and a member of its management committee.

Saudi-arabia , Riyadh , Ar-riya , United-states , America , Saudi , Rashed-sharif , Alireza-zaimi , Saad-alkroud , Rania-nashar , Yasir-al-rumayyan , Fahad-alsaif

Saudi's $360 Billion Wealth Fund Rejigs Top Leadership


Saudi’s $360 Billion Wealth Fund Rejigs Top Leadership
Bloomberg
12/22/2020
Matthew Martin and Adveith Nair
© Bloomberg
Construction site debris sits beneath skyscrapers on land surrounding the King Abdullah Financial District (KAFD) in Riyadh, Saudi Arabia, on Tuesday, July 28, 2020. Saudi Arabia suffered a simultaneous decline in oil and non-oil revenue as the global pandemic combined with lower energy prices to jolt the kingdom’s public finances.
(Bloomberg) -- Saudi Arabia’s sovereign wealth fund overhauled some of its top management as it prepares to take a greater role in the local economy.
The $360 billion Public Investment Fund on Tuesday said that Fahad Alsaif, chief executive officer of the country’s National Debt Management Center and adviser to the finance minister, will become head of corporate finance and a member of its management committee.

Saudi-arabia , Riyadh , Ar-riya , United-states , Saudi-arabian , America , Saudi , Alireza-zaimi , Yasir-al-rumayyan , Fahad-alsaif , Rashed-sharif , Al-rumayyan