Saudi Arabia’s PIF is set to allocate $70 billion yearly
February 22, 2024 Saudi Arabia’s sovereign wealth fund is set to increase its annual deployment of capital to $70 billion a year after 2025. The Public Investment Fund, or PIF, currently puts $40 billion to $50 billion of capital to work on an annual basis, and that’s set to increase after 2025, the fund’s governor, Yasir Bin Othman Al-Rumayyan, said…
Tasaru, supported by PIF, has invested in firms specializing in autonomous mobility in both Croatia and Austria
February 2, 2024 Tasaru Mobility Investments, a company fully owned by Saudi Arabia’s Public Investment Fund (PIF) has made two strategic investments to develop its autonomous mobility sector. The first is an investment in Project 3 Mobility (P3), a Croatian company developing its own autonomous electric vehicle and mobility service, which closed its Series A investment round this week, raising…
Aramco seeking portfolio expansion by exploring refining and chemicals deals in China and India
January 26, 2024 Saudi Aramco, the world’s biggest oil exporter, is seeking refining and chemicals deals in Asia as it looks to rapidly expand the business and secure long-term buyers for its crude. The company is looking at China and India for more acquisitions, president of the downstream unit, Mohammed Al Qahtani, said. The majority of Aramco’s crude is sold…
PIF unveils its latest multi-year partnership to boost electric motorsport and mobility in Saudi Arabia
January 23, 2024 Saudi Arabian sovereign wealth fund, Public Investment Fund (PIF) has announced a new multi-year partnership with Electric 360, Formula E, Extreme E and E1 to enhance the growth of the electric motorsport sector in the kingdom. The partnership specifically aims to advance the role of the sport in the future of electric mobility. Additionally, educational opportunities will be made available…
ADNOC acquires a 10.1% stake in UK carbon capture developer
January 12, 2024 ADNOC has acquired a 10.1% stake in London-based carbon capture and storage (CCS) developer Storegga. Storegga is leading the development of the Acorn CCS project in northeast Scotland, which is targeting subsurface storage in the central UK North Sea of up to 10 MM metric tons/year of CO2 by 2030. Last month, Storegga and partners Shell UK, Harbour Energy and…
Greenstone Equity Partners launches Investor Advisory Board to accelerate growth in the GCC
April 28, 2022 (Dubai, UAE) Greenstone Equity Partners, the leading capital raising firm in the Middle East, announced the formation of its Investor Advisory Board of prominent GCC business leaders to provide strategic guidance and support as Greenstone continues its expansion after 11 years of operations in the region. The Investor Advisory Board has been established with the goal to…
Greenstone Equity Partners and CenterSquare Investment Management secure $125 Million for Service Properties’ Joint Venture
March 2, 2022 (Dubai, UAE) CenterSquare Investment Management announced the launch of a Service Properties’ Joint Venture (the JV) with a Middle Eastern capital partner. The JV has the ability to acquire up to $125 million in assets. Greenstone Equity Partners led CenterSquare’s capital raising across the GCC. The JV is focused on acquiring and building a diversified portfolio of…
Pelion Venture Partners Close Pelion Venture Partners Fund VII at $365 Million
December 14, 2021 (Dubai, UAE) Earlier this month, Pelion Venture Partners announced the October closure of their Pelion Venture Partners Fund VII at $365 million, exceeding their initial target of $250 million. Greenstone Equity Partners, the largest licensed fund placement firm in the Middle East, supported Pelion Venture Partners in achieving fund closure by raising capital from its network of GCC-based…