The Public Investment Fund Vision Realization Program strengthens the Public Investment Fund, which is the engine behind economic diversity in the KSA. [EXCLUSIVE] Interview with Adel Alateeq, the CEO of Saudi Arabia's Public Investment Fund's (PIF) Fund of Funds, Jada Interviews and Q&A 1 year ago - Mon, Dec 30, 2019, 12:44 PM. The Saudi Public Investment Fund … 4. It oversees more than $300 billion in assets and has stakes in numerous major companies ranging from Uber and electric vehicle company Lucid Motors to a $45 billion investment in Softbank's $100 billion Vision Fund. The purchase by Saudi Arabia's Public Investment Fund comes as Live Nation — the world's largest concert and events promoter — is seeing revenues vanish as the coronavirus pandemic hammers the events industry and the global economy. Saudi Public investment Fund further strengthens leadership team with key appointments as fund continues its expansion. Get Public Investment Fund contact details such as address, phone number, website, latest news and more at Arabianbusiness Public Investment Fund (PIF) | 284,125 followers on LinkedIn. The ​Public Investment Fund (PIF) of Saudi Arabia is one of the largest sovereign wealth funds in the world. He is also an adviser to the PIF governor. Board Members; PIF Executives; Portfolio; Program; Media Center; Careers. To actively invest over the long term to maximize sustainable returns, be the investment partner of choice for global opportunities, and enable the economic development and diversification of the Saudi economy, This map represents countries where PIF has carried out dire​ct investments. PIF (Public Investment Fund) Managing Director Yasir bin Othman Al-Rumayyan attends the Russian-Saudi Investment Forum held at the Ritz-Carlton Moscow Hotel. Le Fonds public d'investissement d'Arabie saoudite (Public Investment Fund ou PIF) est un fonds souverain d'investissement détenu par le Royaume d'Arabie saoudite.En 2017, il est classé 11 e plus grand fonds souverain au monde par la taille de ses actifs. Careers; GDP; Contact Us AR العربية Twitter Linked in Youtube Sound Vision. Saudi Arabia aims at transferring the PIF from a mere local authority to the largest sovereign fund in the world. BENGALURU, Nov 5 (Reuters) - Saudi Arabia's Public Investment Fund will invest 95.55 billion rupees ($1.29 billion) for a 2.04% stake in Reliance Industries' retail arm, giving the unit a pre-money equity value of 4.59 trillion rupees, the Indian conglomerate said on Thursday. Get this delivered to your inbox, and more info about our products and services. The apparent investment spree has even extended to sports — the Saudi fund is currently said to be in the final stages of a deal to take over Britain's Newcastle United soccer club with an 80% stake worth £300 million ($372 million). Press Release - 22-Dec-2020 employment Saudi sovereign fund PIF says total staff count crossed 1,000 in December These investments occurred at the outset of a multifaceted economic crisis in Saudi Arabia and amid sharp tensions in U.S.-Saudi relations. The Public Investment Fund (PIF) was established in 1971 as the sovereign wealth fund of the Kingdom of Saudi Arabia. PIF - Public Investment Fund Currently selected. The fund’s objective is to provide financial support for projects and investments aligned with the strategic expansion of the Kingdom’s economy through the expansion and creation of new sectors. The investment in Live Nation is the second by the Saudi government this month in an industry hit hard by the pandemic. Shares of Live Nation popped about 10% on Monday on the news that Saudi Arabia's sovereign wealth fund bought a 5.7% stake in the American events company, which is parent to Ticketmaster. In early April, the Saudi fund disclosed an 8.2% stake in the beleaguered cruise operator Carnival Corp, sending that company's shares up nearly 30% on the day the news was announced. The purchase follows numerous reports of … Public Funds Investment fund includes a range of securities to choose according to the principles and criteria specific check the investment objectives of the Fund, in addition to achieving the benefit of diversification for the investor fund, which lowers the overall risk level of investment. The Public Investment Fund is the kingdom's primary vehicle for expanding its domestic and international investments and is a key part of Saudi Crown Prince Mohammed bin Salman's Vision 2030, which is aimed at diversifying the country's economy away from oil reliance. With prospects for concerts dashed for what may be the rest of the year or longer, the stock is down more than 40% year-to-date. The news also comes after reports that the Public Investment Fund bought stakes in four major European oil companies, though the reports have not been confirmed by the wealth fund and it has not commented publicly on the matter. Public Investment Fund is based out of Riyadh. To be a global investment powerhouse and the worl​d’s most impactful investor, enabling the creation of new sectors and opportunities that will shape the future global economy, while driving the economic transformation of Saudi Arabia. Public Investment Fund: Know all about Public Investment Fund company. The company is currently implementing hiring freezes and furloughs, and has implemented 50% pay cuts for top executives, with its CEO Michael Rapino nixing his full salary. Thus, PIF is … See the latest updates, context, and perspectives about this story. | About Public Investment Fund (PIF) is building a world-class domestic and international investment portfolio, and is positioned to be transformed into the world’s largest sovereign wealth fund. Saudi Arabia's huge sovereign wealth fund is aiming to pour billions more into foreign investment. Public Investment Fund's largest holding is Uber Technologies Inc with shares held of 72,840,541. © Established in 1971, the Public Investment Fund is a Saudi Arabian Sovereign wealth Fund. Saudi Arabia’s Public Investment Fund assumed minority stakes in major U.S. companies and other U.S.-listed entities during a multibillion-dollar spending spree in early 2020. Saudi Arabia's public investment fund assets grew 1.48 percent in Q4 of 2018, reaching $29.83 billion, compared to $29.39 billion in the same period last year. The $325bn Public Investment Fund has spent billions on overseas deals this year even as the kingdom’s economy struggles. Got a confidential news tip? About PIF; Leadership. We want to hear from you. May 16 2020. To achieve this, the Fund is building a world-class, diversified portfolio through investments in attractive, long-term opportunities at both the domestic and international level. Working alongside global strategic partners and renowned investment managers, PIF acts as the Kingdom’s main investment arm to deliver a strategy focused on achieving attractive financial returns and long-term value for the Kingdom of Saudi Arabia. Saudi Arabia’s investment makes its Public Investment Fund the third-largest shareholder in the company after Liberty Media Corp and Vanguard Group. 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