MEED | Saudi wealth fund acts as great transformer
The Public Investment Fund is the driving force behind the rapid development that is under way in Saudi Arabia
Source: meed.com
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Saudi's Public Investment Fund to set up airline company
The company will operate international and domestic flights by Zainab Mansoor February 2, 2021 Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) is planning to establish a major airline company in partnership with other investment bodies. The new airline company will compete with Saudi Airlines and other large carriers in the region, online newspaper Maaal reported, citing unidentified people. The company will run international and domestic flights. The project has gone a long way in its study, the report added. State-owned Saudi Arabian Airlines is the biggest car...
Source: gulfbusiness.com
Saudi's Public Investment Fund launches 5-year strategy; assets treble to $400bn
PIF aims to grow its assets under management to over $1.07 trillion by the end of 2025.
Source: gulfbusiness.com