Central Bank of Saudi Arabia backs PIF to pursue investment opportunities amidst Covid-19 crisis
May 30, 2020 The National has reported that Saudi Arabia allocated $40 billion from its central bank to PIF for the sovereign wealth fund to make opportunistic acquisitions and investments amid the plunging share and asset prices amidst the Covid-19 pandemic. Read the original article on The National: Saudi Arabia transfers $40bn to Public Investment Fund to capitalise on opportunities…
Saudi Arabia’s Public Investment Fund invests billions of Dollars in Boeing, Disney, and Facebook
May 16, 2020 (United Kingdom) The National has reported that Saudi Arabia’s sovereign wealth fund, the Public Investment Fund of Saudi Arabia (PIF), purchased a $714 million stake in Boeing, $496 million in Disney, and $521 million in Facebook. The article further noted that PIF was looking into investment opportunities in aviation, energy, and entertainment. Read the original article on The…
GCC-based institutional investors make large commitments to London-focused real estate fund
May 15, 2020 (United Arab Emirates) Arabian Business has reported that GCC based institutional investors have allocated $244 million capital to Yoo Capital Fund II. The article notes that the fund has received strong interest from GCC based institutional investors, who believe that it is the best time to invest in the UK. Read the original article on Arabian Business: Strong…
Saudi Arabia’s PIF makes substantial investments amidst plunging share prices
April 27, 2020 (United Arab Emirates) CNBC has reported that Saudi Arabia’s sovereign wealth fund, the Public Investment Fund of Saudi Arabia (PIF), bought a 5.7% stake worth $500 million in the American events company, Live Nation. Following the investment, PIF became the third-largest shareholder at Live Nation. PIF has been actively investing throughout the Covid-19 pandemic, taking advantage of…
Investors in the GCC hunt for opportunities as asset prices plunge
April 16, 2020 (United Kingdom, United Arab Emirates) Financial Times (FT) has reported that Gulf sovereign wealth funds are actively looking for assets that have become attractive in value amid the coronavirus pandemic. The article notes that Saudi Arabia’s Public Investment Fund has already made a series of substantial investments in the cruise operator Carnival, Royal Dutch Shell, Total, Repsol,…