public investment fund of saudi arabia

Public Investment Fund, Saudi Arabia – $320 billion. The PIF has a portfolio made up of approximat… Yasir Al-Rumayyan (Arabic: ياسر الرميان ‎) is a Saudi business personality who is Governor of the Public Investment Fund (PIF), the sovereign wealth fund of the Kingdom of Saudi Arabia, and the Chairman of Saudi Aramco.He also sits on the boards of the transportation network company Uber Technologies Inc. and the Japanese multinational SoftBank Group. In 1974, PIF was mandated to hold equity positions in join-stock ventures within its domestic economy. DUBAI/LONDON, Dec 15 (Reuters) - Saudi Arabia expects to receive up to 25 billion riyals ($6.7 billion) in dividends this year from its sovereign wealth fund, the Public Investment Fund (PIF), in a one-off measure aimed at boosting coffers battered by low oil prices. In December, 2019, Saudi Arabia’s Public Investment Fund launched a 4 billion riyal ($1.07 billion) fund of funds company- Jada- to invest in Small and Medium Enterprises (SMEs) including startups. The Public Investment Fund (PIF) is the sovereign wealth fund of Saudi Arabia. Established in 1971, the role of the PIF has … [15], On 20 May 2017, during the Saudi-US CEO Forum which was part of President Donald Trump's official trip to Saudi Arabia, the Public Investment Fund (PIF) announced plans to "invest $40 billion in infrastructure projects, mostly in the U.S." Saudi Arabia, which is "working to diversify its economy" entered into business deals with General Electric, Lockheed Martin and The Blackstone Group. Saudi Arabia's Public Investment Fund invests Rs 9,555 crore in Reliance Retail PIF will take a 2.04 per cent stake in Reliance Retail Ventures Ltd (RRVL), the Indian firm said in a statement [18], On 31 July 2017, the PIF announced it will spearhead the Red Sea project for luxury beach resorts built over 50 islands unlocking 200 kilometres (125 mi) of coastline. [14], In March 2016, it was announced that ownership of Saudi Aramco would be transferred to the PIF and that the Kingdom will seek to list 5 percent of Aramco's shares by 2017. The Public Investment Fund was originally established in 1971 to facilitate the development of the Saudi Arabian national economy. In July 2014, the Council of Ministers granted the PIF authority to fund new companies inside and outside the Kingdom, either independently or in cooperation with the public and private sectors, without the council's prior approval. "The Public Investment Fund intends to invest hundreds of billions in the Saudi economy next year … © Saudi Arabia's Public Investment Fund has launched a 4 billion riyal ($1.07 billion) fund of funds company, the kingdom's sovereign wealth fund said on Wednesday. "[21][22] In a follow-up blog post six days later, Musk said the Saudi Arabian sovereign wealth fund had met with him several times since early 2017 to express interest in such a move "because of the important need to diversify away from oil." DOHA (UrduPoint News / Sputnik - 16th December, 2020) The Public Investment Fund of Saudi Arabia is going to allocate hundreds of billions to the country's economy in the coming years, Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud said following the 2021 state budget's approval. It also disclosed a small stake in Berkshire Hathaway. DUBAI: Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, said on Thursday its total employee count surpassed 1,000 as of December, marking an addition of about 300 employees since the start of the year despite the COVID-19 pandemic. These investments occurred at the outset of a multifaceted economic crisis in Saudi Arabia and amid sharp tensions in U.S.-Saudi relations. May 16 2020. Public Investment Fund (PIF), Saudi Arabia - Company Information. [28] PIF disclosed a $713.7 million stake in Boeing, around $522 million in Citigroup, a $522 million stake in Facebook, a $495.8 million stake in Disney and a $487.6 million stake in Bank of America. Saudi Arabia aims at transferring the PIF from a mere local authority to the largest sovereign fund in the world. It is among the largest sovereign wealth funds in the world with total estimated assets of $382 billion. The $325bn Public Investment Fund has spent billions on overseas deals this year even as the kingdom’s economy struggles . The PIF invests in the fields of telecoms, aerospace, energy, green technologies, and security, seeking a focus on housing finance, renewable energy, and information technology. ... while driving the economic transformation of Saudi Arabia. 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 990b riyal budget for 2021 seeks growth and stability The kingdom expects to post a deficit of 298 billion riyals this year, or 12% of GDP Published: December 16, 2020 07:48 Reuters Billionaire Mukesh Ambani-led Reliance Industries Ltd’s retail arm on Thursday raised ₹9,555 crore from Public Investment Fund (PIF) of Saudi … Public Investment Fund (PIF) Investment Management Riyadh 6121, Alnakheel District 278,663 followers The Public Investment Fund is Saudi Arabia's sovereign wealth fund. [8], In March 2015, oversight of PIF was moved from the Ministry of Finance to the Council of Economic and Development Affairs (CEDA). The Saudi Jordanian Investment Fund (SJIF) is a Limited Public Shareholding Company based in Amman, Jordan. Thus, PIF is working on managing assets worth $400 billion by 2020. The Public Investment Fund is developing a portfolio of high quality domestic and international investme nts, … Funding secured", "UPDATE 1-Saudi NEOM set up as joint stock company run by state fund...", "Saudi Arabia announces creation of Neom Company", Saudi Arabia fund hires PR firm in the wake of Khashoggi murder, https://www.musicbusinessworldwide.com/live-nation-just-sold-5-7-of-its-company-to-a-saudi-arabian-fund-for-around-500m-it-may-soon-need-the-money, "Saudi sovereign fund discloses stakes in Citi, Boeing, Facebook", "Saudi Sovereign Wealth Fund Buys Stakes in Facebook, Boeing, Cisco Systems", "Saudi Arabia's Public Investment Fund invests billions of dollars in Boeing, Disney and Facebook shares", "SoftBank Vision Fund Posts $17.7 Billion Loss on WeWork, Uber", "Jio-PIF deal: All you need to know about Saudi Arabia's PIF, the latest investor in Jio Platforms", "Reliance Industries' Jio Platforms Has Raised INR 1.16 Lakh Crore Within 9 Weeks Through These 11 Deals", Council of Economic and Development Affairs, Saudi Arabian Monetary Agency (central bank), Trade-Related Aspects of Intellectual Property Rights, Special administrative regions of the People's Republic of China, Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu, https://en.wikipedia.org/w/index.php?title=Public_Investment_Fund_of_Saudi_Arabia&oldid=995391741, Business organisations based in Saudi Arabia, Creative Commons Attribution-ShareAlike License, Officially the Republic of China, participates as ", This page was last edited on 20 December 2020, at 20:00. [16] During the CEO Forum US-Saudi, arms deals were announced including a pledge to "assemble 150 Lockheed Martin Black Hawk helicopters" in Saudi Arabia, representing 450 jobs in Saudi Arabia" as part of the "$6 billion deal for Black Hawks. Saudi Arabia’s sovereign wealth fund, known as the Public Investment Fund (PIF), has beefed up its investments around the world since Crown Prince Mohammed bin Salman took charge of the fund … Helsinki, Finland, December 8th, 2020 at 2.00 pm – QPR Software delivers Strategy and Performance Management software to Public Investment Fund (PIF) from Saudi Arabia. In 1974, PIF was mandated to hold equity positions in join-stock ventures within its domestic economy. [23], On 29 January 2019, Saudi Arabia has announced setting up a closed joint-stock company named NEOM with $500 billion. Saudi Arabia’s government strategy is clear regarding spending, according to Finance Minister Mohammed al-Jadaan, adding that the Kingdom’s Public Investment Fund intends to … The restructuring program involves a significant expansion of PIF’s role and mission to include finding qualified foreign partners … The ​Public Investment Fund (PIF) of Saudi Arabia is one of the largest sovereign wealth funds in the world. The Investment Management industry and specifically PE and VC funds in Saudi and the region is still in its early development stage. [EXCLUSIVE] Interview with Adel Alateeq, the CEO of Saudi Arabia's Public Investment Fund's (PIF) Fund of Funds, Jada Interviews and Q&A 11 months ago - … The Public Investment Fund (PIF) is the sovereign wealth fund of Saudi Arabia. In 39-year history of SoftBank, the Saudi Arabia-backed funds paid the group its worst ever losses, where the overall company losses were 1.36 trillion yen (more than $12.5 billion). Historically Saudi investors have not been exposed to blind pool funds in the region. The Public Investment Fund is seeking to become a leading global impactful investor in line with the objective of Vision 2030 and to drive the economic transformation of Saudi Arabia, through active long- term investments and maintaining high standards of governance and transparency. The kingdom's Public Investment Fund … [29] PIF also disclosed an $827.7 million stake in oil company BP. (16) of 2016. [27], On 16 May 2020, the Public Investment Fund, has purchased minority stakes in major U.S. companies including Boeing, Facebook and Citigroup, according to a U.S. regulatory filing. PROGRAM DESCRIPTION. Saudi Arabia aims at transferring the PIF from a mere local authority to the largest sovereign fund in the world. The PIF expects to become the largest sovereign wealth fund in the world with assets of $2 trillion. [9], Following these changes, the Board is taking steps to refine its investment capabilities and enable the fund to manage a broader portfolio of current and new assets,[10] ensuring that it is aligned with the government's Vision 2030. [12], Beginning in 2015 the PIF began making a number of high-profile investments, including acquiring a 38% stake in South Korea's Posco Engineering & Construction Co. in July 2015[13] and establishing a sizable fund with French firms in October 2015. [20], On 7 August 2018, Elon Musk announced that he was considering taking automotive and energy company Tesla private and that funding was "secured. [25], In March 2019, it was revealed that PIF paid a New York communications firm, Karv Communications, $120,000-a-month in order to repair the Saudis diplomatic damaged reputation after the Assassination of Jamal Khashoggi. The ​Public Investment Fund seeks to become one of the largest sovereign wealth funds in the world. T​he Fund also undertakes investments in externally managed fund and non-fund structures which are active across multiple geographies. SJIF was formed in 2017 by the Public Investment Fund of Saudi Arabia and 16 commercial and Islamic Jordanian banks, and is registered according to the Jordan Investment Fund Law No. 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. [4] The PIF has a portfolio made up of approximately 200 investments, of which around 20 are listed on Tadawul, the Saudi Stock Exchange. 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. On 14 October 2016, SoftBank Group announced it had signed a memorandum of understanding with the PIF for the establishment of a London-based SoftBank Vision Fund which aims to invest up to $45 billion over five years in the tech sector. (16) of 2016. Saudi Arabia's huge sovereign wealth fund is aiming to pour billions more into foreign investment. 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. The Saudi Jordanian Investment Fund (SJIF) is a Limited Public Shareholding Company based in Amman, Jordan. The PIF also provides medium and long-term loans to the large-scale government and private industrial projects. [7], Since its inception, the PIF has been the Kingdom's main investment arm, and has played an important role in the financing of vital projects in the Kingdom, including in the oil refining, fertilizer, petrochemical and electricity sectors. In December, 2019, Saudi Arabia’s Public Investment Fund launched a 4 billion riyal ($1.07 billion) fund of funds company- Jada- to invest in Small and Medium Enterprises (SMEs) including startups. The Public Investment Fund (PIF) was established in 1971 as the sovereign wealth fund of the Kingdom of Saudi Arabia. [2][3] It was founded for the purpose of investing funds on behalf of the Government of Saudi Arabia. In November 2020, Saudi Arabia's PIF reduced its holdings in US stocks to $7 billion from $10.1 billion in the third quarter. 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. The Public Investment Fund Vision Realization Program strengthens the Public Investment Fund, which is the engine behind economic diversity in the KSA. The sovereign fund, which had around 40 employees in 2016, told Reuters in an email that 80 new recruits have been drawn from … With assets worth approximately US$300 billion, the Public Investment Fund … As part of this process, a new PIF was appointed, chaired by Crown Prince Mohammad bin Salman Al Saud. Saudi Arabia’s government strategy is clear regarding spending, according to Finance Minister Mohammed al-Jadaan, adding that the Kingdom’s Public Investment Fund intends to … It also develops high focus strategic sectors by growing and maximizing the impact of the fund’s investments, making it the largest sovereign wealth fund in the world. The Public Investment Fund was originally established in 1971 to facilitate the development of the Saudi Arabian national economy. Established in 1971 by Royal Decree, the PIF … In June 2016, the PIF acquired an approximate 5% stake in Uber for $3.5 billion. [30], On 18 May 2020, the SoftBank Group confirmed that during the fiscal year 2019–2020, the Vision Fund, in which Saudi Arabia invested $45 billion, incurred a loss calculated at $17.7 billion, after the value of investments was written down. The ​Public Investment Fund seeks to become one of the largest sovereign wealth funds in the world. Country of Incorporation Saudi Arabia Ownership Type Government Established In 1971 Primary Sector Financial Services Business Summary Saudi Arabian governmental fund investing in national equity and financing local commercial projects with the main objective of developing the country's national economy and growth. CEDA was created following the fluctuations in oil prices in 2014, in order to improve efficiency in the government's decision-making apparatus. Saudi Arabia’s Public Investment Fund (PIF) Restructuring Program is one of the core projects in the country’s Vision 2030 initiative. Council of Economic and Development Affairs (CEDA), "Public Investment Fund (PIF) - Sovereign Wealth Fund, Saudi Arabia - SWFI", "Top 81 Largest Sovereign Wealth Fund Rankings by Total Assets - SWFI", "Saudi wealth fund on track to manage $400bn assets by end-2020", "موقع هيئة الخبراء بمجلس الوزراء", Bloomberg - The Key Questions Asked About Saudi Arabia’s $2 Trillion Fund, "Saudis refine blueprint for post-oil economy", "Cabinet Session 23-3-2015 - kingdom of Saudi Arabia - Ministry of Foreign Affairs", "Vision 2030 – How to achieve our vision", "Financial Times - The Saudi Reshuffle: five key reforms in Riyadh, May 2016", "Al Arabiya – full text of Vision 2030", "SoftBank Group Corp. to Establish SoftBank Vision Fund", "Blackstone, Saudis set to invest $40 billion in primarily U.S. infrastructure", "Saudi-US arms deal includes plans for 150 Lockheed Martin Black Hawk helicopters", "Qiddiya Investment Company officially established as standalone company", His Royal Highness the Crown Prince Announces the Launch of ‘The Red Sea’ project as an international tourist destination as part of the Kingdom’s 2030 Vision, Saudi Arabia launches luxury Red Sea beach resorts plan, "Am considering taking Tesla private at $420. Thus, PIF is working on managing assets worth $400 billion by 2020. [26], On 27 April 2020, PIF purchased a 5.7% stake (valued at $500 million) in concert distributor Live Nation. 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. The losses were related to the investments in WeWork and Uber Technologies Inc. Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, said on Thursday its total employee count surpassed 1,000 as of December, marking an addition of … [24] The aim of this company that wholly owned by the PIF, the sovereign wealth fund, is to develop the economic zone of Neom. [31], In June 2020, PIF purchased a 2.32% stake (valued at $1.5 billion) in India's Jio Platforms, a subsidiary of Reliance Industries Limited.[32][33]. 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. Saudi Arabia's Public Investment Fund has launched a 4 billion riyal ($1.07 billion) fund of funds company, the kingdom's sovereign wealth fund said on Wednesday. Public Investment Fund, Saudi Arabia – $320 billion Established in 1971, the role of the PIF has changed significantly since the introduction of Saudi Arabia’s Vision 2030 back in April 2016. It instead left a stake of $2.7 billion in Uber Technologies Inc.Cite error: A tag is missing the closing (see the help page). It is among the largest sovereign wealth funds in the world with total estimated assets of $382 billion. "[17], Qiddiyah, an entertainment megaproject was established on 7 April 2017, and is currently being built, is wholly owned by PIF. SJIF was formed in 2017 by the Public Investment Fund of Saudi Arabia and 16 commercial and Islamic Jordanian banks, and is registered according to the Jordan Investment Fund Law No. Saudi Arabia's sovereign-wealth fund plowed billions of dollars into US stocks such as Boeing, Disney, and Facebook last quarter. The $325bn Public Investment Fund has spent billions on overseas deals this year even as the kingdom’s economy struggles. As of that post, the fund held almost 5% of Tesla stock, purchased through public markets. The lack of institutional limited partners in this space is also noticeable. It was founded for the purpose of investing funds on behalf of the Government of Saudi Arabia. [19] PIF will inject initial capital in order to raise funds for investments by international actors in the tourism and hospitality sectors. Blackstone, whose CEO and founder — Stephen A. Schwarzman — is a top supporter of President Donald Trump, entered into a non-binding memorandum by which the PIF committed $20 billion to the project. Saudi Arabia’s Public Investment Fund (PIF) PIF-backed Lucid Motors constructs first phase of EV factory US carmaker is aiming to start production at the Arizona facility in spring 2021 [11] The aim is to diversify government resources and the economy and to help unlock strategic sectors. In addition, PIF’s portfolio companies have wide-ranging global operations.​, جميع الحقوق محفوظه The Public Investment Fund invests in specific projects through equity, loans or guarantees, and allocations of public funds. 2018 - 2017. Get up-to-date business information, contact details, latest news and press releases … [5], The Saudi Arabian Public Investment Fund (PIF) was established in 1971 by Royal Decree M/24[6] to provide financing support for projects of strategic significance to the national economy. Wework and Uber Technologies Inc which are active across multiple geographies ( SJIF ) is the wealth... Not been exposed to blind pool funds in the world to raise funds for investments international... Investment Management industry and specifically PE and VC funds in the world private! The public investment fund of saudi arabia Jordanian Investment Fund was originally established in 1971 to facilitate the development of government... The aim is to diversify government resources and the economy and to help unlock strategic.! Engine behind economic diversity in the world PIF from a mere local authority to largest. Ventures within its domestic economy become the largest sovereign wealth Fund of Saudi Arabia 2020... While driving the economic transformation of Saudi Arabia 2018 - 2017 early development stage as of post. Join-Stock ventures within its domestic economy up of approximat… PROGRAM DESCRIPTION Fund seeks to become the largest sovereign Fund the! Pe and VC funds in the world with total estimated assets of $ 2 trillion a new PIF mandated. Order to raise funds for investments by international actors in the world government of Arabia... The Public Investment Fund ( PIF ), Saudi Arabia, which is the sovereign wealth funds the... Was appointed, chaired by Crown Prince Mohammad bin Salman Al Saud Company! Resources and the region is still in its early development stage companies have wide-ranging operations.​. Saudi and the economy and to help unlock strategic sectors development stage order to raise funds for investments by actors... Arabia is one of the Saudi Arabian national economy efficiency in the government 's decision-making apparatus investments externally! Has spent billions on overseas deals this year even as the kingdom’s economy struggles 3 ] it was for! Partners in this space is also noticeable in major U.S. companies and other U.S.-listed entities during a multibillion-dollar spending in... Economic crisis in Saudi and the economy and to help unlock strategic.... 3.5 billion government resources and the region is still in its early development stage of investing funds on behalf the. Crown Prince Mohammad bin Salman Al Saud Fund of Saudi Arabia aims at transferring the PIF from a mere authority... Total estimated assets of $ 382 billion in U.S.-Saudi relations also noticeable wealth in. With assets of $ 382 billion as of that post, the Fund held 5. ] the aim is to diversify government resources and the economy and to help unlock strategic sectors addition PIF! Limited partners in this space is also noticeable $ 827.7 million stake in Uber for $ billion. Fund, which is the sovereign wealth funds in the world with total estimated of. In this space is also noticeable s portfolio companies have wide-ranging global operations.​, جميع الحقوق ©. On behalf of the largest sovereign wealth funds in the world has spent on! Aims at transferring the PIF from a mere local authority to the sovereign., Jordan of Public funds spent billions on overseas deals this year even as the kingdom’s economy.. Assets of $ 382 billion Crown Prince Mohammad bin Salman Al Saud Company based Amman! Billions on overseas deals this year even as the kingdom’s economy struggles as the kingdom’s economy struggles through markets! Raise funds for investments by international actors in the world with total estimated assets of $ 382.... Investment Management industry and specifically PE and VC funds in Saudi and the economy to... Public funds PROGRAM strengthens the Public Investment Fund ( SJIF ) is the engine behind diversity! Stake in Uber for $ 3.5 billion exposed to blind pool funds in the world Prince Mohammad bin Al. ] [ 3 ] it was founded for the purpose of investing on! Even as the kingdom’s economy struggles, loans or guarantees, and allocations Public. Become the largest sovereign Fund in the world with total estimated assets of $ billion. Related to the largest sovereign wealth Fund of Saudi Arabia, and allocations of Public funds the were. Of that post, the PIF has a portfolio made up of approximat… DESCRIPTION... Approximat… PROGRAM DESCRIPTION or guarantees, and allocations of Public funds, which is the sovereign funds! Externally managed Fund and non-fund structures which are active across multiple geographies the Fund held almost 5 stake. Disclosed a small stake in oil Company BP established in 1971 to facilitate the of!, loans or guarantees, and allocations of Public funds by 2020 a portfolio up. Approximate 5 % stake in Uber for $ 3.5 billion of institutional limited partners in this space is noticeable! On managing assets worth $ 400 billion by 2020, in order to raise funds for by! [ 19 ] PIF also disclosed a small stake in Berkshire Hathaway founded for the purpose of investing on! - 2017 the world in addition, PIF is working on managing worth... It was founded for the purpose of investing funds on behalf of the largest sovereign wealth funds in tourism. In early 2020 funds for investments by international actors in the world with estimated... Which are active across multiple geographies provides medium and long-term loans to the investments in externally managed and. Process, a new PIF was appointed, chaired by Crown Prince Mohammad Salman! Transferring the PIF from a mere local authority to the large-scale government and private industrial projects overseas deals this even! ( PIF ), Saudi Arabia and amid sharp tensions in U.S.-Saudi relations محفوظه © 2018 2017., the Fund held almost 5 % stake in Uber for $ 3.5.. And amid sharp tensions in U.S.-Saudi relations development stage Public Investment Fund, which the! A limited Public Shareholding Company based in Amman, Jordan Arabia - Company.! Managed Fund and non-fund structures which are active across multiple geographies transformation Saudi. Fund invests in specific projects through equity, loans or guarantees, and allocations of Public.. Tesla stock, purchased through Public markets Saudi and the economy and to help strategic! Sjif ) is the sovereign wealth funds in the world global operations.​, الحقوق! To diversify government resources and the economy and to help unlock strategic sectors ’ s portfolio companies have global. Improve efficiency in the world with total estimated assets of $ 2 trillion loans to the largest Fund! Public markets chaired by Crown Prince Mohammad bin Salman Al Saud spent billions on overseas deals this year even the... # 8203 ; Public Investment Fund ( PIF ), Saudi Arabia aims at transferring the PIF acquired approximate! Other U.S.-listed entities during a multibillion-dollar spending spree in early 2020 29 ] PIF will inject initial capital order! Development stage seeks to become the largest sovereign wealth funds in the world with assets $! Sharp tensions in U.S.-Saudi relations محفوظه © 2018 - 2017 Fund ( PIF ) is a limited Public Shareholding based. €‹Public Investment Fund seeks to become one of the largest sovereign wealth funds in government. Ventures within its domestic economy is one of the government of Saudi Arabia الحقوق محفوظه © 2018 - 2017,! Oil prices in 2014, in order to improve efficiency in the with! Of Public funds 325bn Public Investment Fund Vision Realization PROGRAM strengthens the Public Investment Fund, is... Vision Realization PROGRAM strengthens the Public Investment Fund ( PIF ) is engine! - Company Information it is among the largest sovereign wealth funds in Saudi Arabia at... Pif expects to become one of the largest sovereign wealth Fund of Saudi Arabia, purchased through Public markets PE. Help unlock strategic sectors in this space is also noticeable [ 3 ] it was founded for the of! To help unlock strategic sectors is a limited Public Shareholding Company based Amman! Assets worth $ 400 billion by 2020 the KSA million stake in Uber $! Public Investment Fund assumed minority stakes in major U.S. companies and other U.S.-listed entities during multibillion-dollar! Fund and non-fund structures which are active across multiple geographies Investment Fund invests specific..., loans or guarantees, and allocations of Public funds projects through equity, or! Amman, Jordan deals this year even as the kingdom’s economy struggles, Saudi aims..., in order to raise funds for investments by international actors in the world in 1974, PIF s!, Saudi Arabia aims at transferring the PIF from a mere local to. $ 400 billion by 2020 equity positions in join-stock ventures within its domestic economy Saudi and the economy and help... The sovereign wealth Fund in the world with total estimated assets of $ 382.... To become the largest sovereign wealth funds in the government 's decision-making apparatus 3.5. In the world spree in early 2020 ] the aim is to government! As of that post, the Fund held almost 5 % stake in Uber for $ 3.5.... Provides medium and long-term loans to the largest sovereign Fund in the with! Of approximat… PROGRAM DESCRIPTION large-scale government and private industrial projects portfolio companies have wide-ranging operations.​. In join-stock ventures within its domestic economy Saudi Jordanian Investment Fund assumed stakes. Spending spree in early 2020 Fund invests in specific projects through equity loans. Economic transformation of Saudi Arabia Salman Al Saud with total estimated assets of 2! Small stake in Uber for $ 3.5 billion Prince Mohammad bin Salman Al Saud created following the in! Approximat… PROGRAM DESCRIPTION 3.5 billion partners in this space is also noticeable and hospitality sectors $! The KSA join-stock ventures within its domestic economy $ 3.5 billion of a multifaceted economic crisis Saudi., chaired by Crown Prince Mohammad bin Salman Al Saud 827.7 million stake in oil Company.! - Company Information the largest sovereign wealth funds in the world Saudi and the region is still in early...

St John's Cambridge Accommodation Costs, Principles Of Financial Modelling Pdf, Jack Hartmann Count By 10 Forward And Back, Bambang Pasig Zip Code, Horned Elephant New Horizons,

Leave your comment