Saudi PIF to Acquire 25 Percent Shareholding in Alkhorayef Petroleum
'This transaction forms part of PIF's broader efforts to deepen the manufacturing sector in Saudi Arabia'.
Source: rigzone.com
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Saudi Arabia's PIF Reports $16.5B Loss in 2022 | Chief Investment Officer
Despite the loss, the fund’s AUM grew to approximately $595 billion thanks to a 4% share transfer from Saudi Aramco.
Source: ai-cio.com
Saudi PIF Assets Exceed $594 Bln
Saudi Arabia’s Public Investment Fund (PIF) said gross assets under management (AUM) exceeded SAR 2.23 trillion ($594 billion) in 2022, from SAR 1.9 trillion ($528 billion) the previous year. International investments made up 23 percent of its AUM, worth SAR 512 billion ($136.5 billion), while 77 percent were local investments SAR1.717 trillion ($457.8 billion), PIF said in its annual report for 2022. PIF locally deployed SAR 120 billion ($32 billion) in strategic sectors and established 25 companies in 2022. It created 181,000 jobs last year.
Source: aawsat.com
Saudi Transfers 4 Percent of Aramco Shares to Sanabil
The divestment to Sanabil Investments follows efforts to diversify the Kingdom's oil-reliant economy by refocusing government investment on private and oth...
Source: rigzone.com
Saudi Future Investment Initiative Institute Concludes Deal to Support Tourism
Middle-East Arab News and Opinion - Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities
Source: aawsat.com