pif investments list

pif investments list2020/09/28

"[55] Hatice Cengiz, the fiance of Saudi journalist Jamal Khashoggi, who was murdered by operatives of the Saudi regime, urged the Premier League to block PIF's takeover. So, it would require a rethink in terms of the FTA, Singh told Arab News. Standard Digital includes access to a wealth of global news, analysis and expert opinion. No affiliation or endorsement, express or implied, is provided by their use. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. or DUBAI, Nov 15 (Reuters) - The Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, nearly tripled its holdings of U.S.-listed stocks to $43.45 billion in the third quarter,. Mohammed bin Salman indicated that this transfer of stakes is a part of Saudi Arabias long-term initiatives to boost and diversify the national economy and expand investment opportunities in line with Saudi Vision 2030. and other data for a number of reasons, such as keeping FT Sites reliable and secure, Bin Salman threatened that there would be economic consequences for the UK if the government blocked the takeover these threats occurred in the context of a strategic partnership between the Saudis and the UK where the Saudis proposed to invest $30 billion into the UK economy over a ten-year period. Ken Cheung at Mizuho Bank said domestic consumption "proved to be the pillar" behind the economic improvement, but "industrial production was disappointing given the strong rebound in exports growth". Besides, LIV Golf offered the winner's prize money of $4million, in comparison to PGA Championships $2.7million. While Russia has long been Indias top source of military hardware, last month it became New Delhis top supplier of crude oil, displacing Iraq. He added it will "take time for (a) business confidence recovery, which requires translating the credit expansion into money flow to support real economic activities". Two investment companies associated with the Public Investment Fund (PIF) signed strategic $2 billion deals with the country's four biggest football clubs. [1] According to ethics experts, the investment created the appearance of potential payback for Kushner. Saudi Arabia's sovereign wealth fund has disclosed investments in dozens of private equity and venture capital firms via its Sanabil Investments arm, including Blackstone and General Atlantic.. In May 2022, they purchased a 5% stake in the Japanese video game company Nintendo,[43] and the following month, an 8% stake in Embracer Group with a $1 billion investment. The crown prince further added that the transfer will help maximize the assets of the Public Investment Fund and could enhance the PIFs strong financial position and credit rating. The PIF's wagers on Carnival and Live Nation, which itrevealed in April filings, were valued at $457 million and $416 million respectively at the end of March. ? Ideally, India would like to join the FTA, butI dont think in the course of war anything substantial can be done. Sign In 0 04 Our latest updates Latest News The Public Investment Fund Achievements See here for a complete list of exchanges and delays. 2023 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement. Amnesty International pointed to Saudi Arabia's human rights record, and said that the Premier League must introduce standards whereby human rights violators cannot own Premier League clubs. [68] A vocal critic of the tournament, Rory McIlroy also stood with PGA Tour and criticized players who joined LIV, stating they were "taking the easy way out". The oil major further noted that this is a private transfer between the state and Sanabil Investments, and Aramco, as a company is not a party to the transfer and has not entered into any agreements. 13F filing from PUBLIC INVESTMENT FUND, enter your sovereign wealth funds and state-business relations in Saudi Arabia", "Revealed: Newcastle chairman's links to Saudi 'anti-corruption' drive", https://en.wikipedia.org/w/index.php?title=Public_Investment_Fund&oldid=1150310358, This page was last edited on 17 April 2023, at 11:53. [1] Within the Donald Trump administration, Kushner was a staunch defender of Saudi ruler Mohammed bin Salman. For cost savings, you can change your plan at any time online in the Settings & Account section. There is a scope for oil markets to tighten a bit in case Chinas oil demand and its overall economy recovers, Dale told reporters in a press conference. Chinas gross domestic product grew 4.5 percent year-on-year in the first three months of 2023, data showed on Tuesday, beating analyst forecasts for a 4 percent expansion as the end of COVID-19 curbs lifted the worlds second-largest economy out of a slump. "[76][77][78], The governance structure of PIF has been called into question, specifically with respect to how much control Mohammad bin Salman holds on decision making at PIF. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. [1]: ? Public Investment Fund is based out of Riyadh. The concern was that giving the PIF tens of billions of dollars from the Saudi central bank to fund this stock buying was risky and might devalue the local currency. However, its aggressive spending is surprising as depressed oil prices have hammered the kingdom's finances in recent months. Gold is considered a hedge against inflation and economic uncertainties, but higher interest rates dim the non-yielding bullion's appeal. Despite that, Mickelson joined the LIV Golf calling it "a once-in-a-lifetime opportunity" to reshape PGA Tour. 1 auto market, G7 puts focus on push for global fossil fuel phaseout deal, J&J lifts profit forecast as cancer drugs, Stelara buoy pharma unit, Exclusive: Airbus advises airlines of 2024 delays, keeps output goals, AstraZeneca confident new COVID antibody protects against known variants. Editing by David Goodman, US warns companies over Russian oil price cap evasion via ESPO pipeline, BP's chief economist sees oil market tightening by H2 2023, Oil slips on economy worries, despite upbeat China data, Exxon declares force majeure on crude liftings in Nigeria, Nissan unveils new EV for China as it aims to up game in no. Our Standards: The Thomson Reuters Trust Principles. All text and design is copyright 2020 WhaleWisdom.com. The Public Investment Fund (PIF) of Saudi Arabia is one of the largest sovereign wealth funds in the world. SEC form, multiple filers or classes of filers, and much more.***. Argaam.com Copyright 2023, Argaam Investment, All Rights Reserved, {{getCommenterName(comment.ParentThreadID)}}. RIYADH: Oil firmed slightly on Tuesday, recovering from a 2 percent slide in the previous session, as faster economic growth in top crude importer China supported the demand outlook and offset fears over US interest rates. cookies Riyadh - Al Moammar Information Systems Company (MIS) won a SAR 96.36 million project contract for the Public Investment Fund (PIF) on 16 April 2023, according to a bourse disclosure. PIF has built deep connections with top-tier international investors and partners, asset managers, investment banks, and international brokerage firms to become one of the world's largest investment institutions. Investors will focus on UK employment data due later in the day, which could cause some volatility in the pound if the report shows that the labor market is not cooling. OriginalWhaleScore [66] Phil Mickelson also committed to the series after signing a $200million contract. Now, our priority of trade has changed after the Ukraine war. They also include investment shares in companies in the Kingdom as well as the 'Middle East North Africa' (MENA) region, including listed joint-stock companies or private companies. [59][60][61][62], LIV Golf's strategy differed from other leagues as it offered the richest golf tournaments in history and was able to convince star players to take part. High in the Pyrenees, a vast, abandoned station reopens as a hotel, Motorbikes so good even Aquaman wants to ride them. [52], Human rights organizations criticized the Premier League for allowing PIF to purchase a Premier League club. the MV of securities sold, whichever is less, [2]: We use More than half of the investments have come in two sectors: Travel, Tourism and Entertainment and Traditional Energy aka oil companies. It is considered a pioneering economic catalyst for the Saudi Arabia and an effective component of a thriving economy. [34] He also said PIF would borrow conservatively to finance specific assets and would seek further partnerships such as those with Blackstone and SoftBank. offers FT membership to read for free. [74] After the March 2023 United States bank failures had gripped the global banking sector, Saudi National Bank chairman Ammar al-Khudair publicly stated on 15 March 2023 that they would "absolutely not" supply Credit Suisse with more capital (referencing the regulatory requirements for 10%+ shareholders as the reason why), which then promptly caused the share price of Credit Suisse to drop 25% more. The global oil market will likely tighten in the second half of 2023 after the recent decision by the Organization and Petroleum Exporting Countries and its allies, known as OPEC+, to cut oil production, according to Spencer Dale, BP plcs chief economist. We will be in touch soon. [34][35] Al-Rumayyan presented a new investment strategy for the fund, based on four objectives of maximizing assets, investing in new sectors, localizing technologies, and developing economic partnerships. In a statement published by CNNMoney, Al Rumayyan said: "We've seen first-hand how this company has improved urban mobility around the world and we're looking forward to being part of that progress . Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. as well as other partner offers and accept our, Andrew Francis Wallace/Toronto Star via Getty Images, Visit Business Insider's homepage for more stories, according to a Securities and Exchange Commission filing last week, GOLDMAN SACHS: Buy these 21 cheap, unappreciated stocks that offer above-average growth potential, invested in a range of European oil companies last quarter, 'We have a depression on our hands': The CIO of a bearish $150 million fund says the market will grind to new lows after the current bounce is over and warns 'a lot more pain' is still to come, Registration on or use of this site constitutes acceptance of our. Request Profile Update April 16, 2023 10:26. Saudi Arabias Public Investment Fund has bought $8.2 billion worth of new investments in global stocks. The kingdom's Public Investment Fund grew its US stock portfolio from about $2.2 billion at the end of December to $9.8 billion at the end of March,according to a Securities and Exchange Commission filing last week. NEW DELHI:India and Russia are in discussions for a free trade agreement, their ministers said on Monday, with the deal expected to further boost commercial ties that have flourished since Moscows invasion of Ukraine. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Is Wiltons new coronation menu fit for a king? DUBAI, April 16 (Reuters) - A 4% stake in oil major Saudi Aramco (2222.SE) has been transferred from state ownership to Sanabil Investments, which is wholly owned by the Saudi Arabia's sovereign wealth fund, Crown Prince Mohammed Bin Salman said on Sunday. to see more advanced email alert options such as selecting any type of The PIF maintained its ownership in Uber, Live Nation, Carnival, Suncor Energy Inc., Automatic Data Processing Inc., and the Utilities Select Sector SPDR Fund. divided by the total MV of the fund. [47] This will be the first known time that money from the Saudi's sovereign wealth fund will go to Israel. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Lists Featuring This Company Venture Capital Investors with Investments in Moscow City 206 Number of Organizations $15.7B Total Funding Amount 52 Number of Investors Track Finance Companies With More Than 10 Employees (Top 10K) In addition, PIF's portfolio companies have wide-ranging global operations. [3] The wealth fund has been controlled by Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler since 2015. How do I update this listing? [40], In March 2019, it was revealed that PIF paid a New York communications firm, Karv Communications, $120,000 a month in order to repair Saudis' damaged reputation after the Assassination of Jamal Khashoggi. Public Investment Fund is based out of Riyadh. "[7] As the PIF is a ministry-operated company with an overwhelming focus on domestic investments, some scholars characterize it as a "quasi-sovereign wealth fund. I dont think the West will really take it that seriously if India does go ahead with the deal, Pant told Arab News. The Public Investment Fund (PIF; Arabic: ) is the sovereign wealth fund of Saudi Arabia. Through Kushner's firm, Saudi could open to Israeli businesses, which could prove to be lucrative for the Arab country. [65] Dustin Johnson was allegedly paid $150million to join the Saudi-backed series. The industry leader for online information for tax, accounting and finance professionals. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. [38] The following month he said the fund would aim to increase the percentage of international assets in its portfolio from 10% to 50% by 2030. Political or religious commentary will not be tolerated. [72] Graeme McDowell also gave similar answers and said, "We're not politicians, we're professional golfers. He said, "We know they killed Khashoggi and have a horrible record on human rights". [44], PIF owns a major indirect stake in Twitter, although many Saudis who use the platform for political dissent and activism are arbitrarily arrested and imprisoned. The dollar index, which measures the currency against six major rivals, eased 0.078 percent to 102.01 after rising 0.5 percent overnight. [63] In June 2022, LIV Golf Invitational Series commenced its eight-event journey, with total prize money of $255million. Oversea-Chinese Banking Corp. currency strategist Christopher Wong said it was quite an encouraging report, with retail sales, GDP and property sales all higher than expected, reinforcing that post-pandemic recovery momentum remained intact. And said, `` We know they killed Khashoggi and have a horrible on! & Account section percent to 102.01 after rising 0.5 percent overnight its aggressive is! India does go ahead with the deal, Pant told Arab News and uncertainties. Mickelson joined the LIV Golf offered the winner 's prize money of 255million! 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