? [26] In 2020, PIF purchased a 2.32% stake (valued at $1.5billion) in India's Jio Platforms,[27][28] and reduced its holdings in US stocks to $7billion from $10.1billion in the third quarter. Japan's Nissan Motor on Tuesday unveiled a new electric sport-utility vehicle (SUV) at the Shanghai auto show as it pledged its commitment to the Chinese auto market, which it said was likely to continue to pioneer the rise of electric cars. Their last reported 13F filing for Q4 2022 included $30,938,670,069 in managed 13F securities and a top 10 holdings concentration of 66.62%. The statement also added that the transfer will not have any implications on the companys operations, strategy, dividends distribution policy or governance framework. the PIF investments and the impact on the performance of the target firms listed o n Tadawul. All material subject to strictly enforced copyright laws. (File). Saudi Arabia's Public Investment Fund (PIF) has established five regional investment companies in Jordan, Bahrain, Sudan, Iraq and Oman, Crown Prince Mohammed bin Salman announced on Wednesday . [56] The attempted takeover was "a blatant example of Saudi sportswashing", according to Kate Allen of Amnesty International UK. We will make every effort to expand our cooperation ties, Manturov, who is also the industry and trade minister, told a business forum in New Delhi. He went on and said that the PIF will continue to launch new sectors, along with building strategic economic partnerships, localize technologies and knowledge, which will ultimately result in the creation of more direct and indirect jobs in the local labor market. Although Mohammad bin Salman is the chairman of PIF, PIF has denied "any suggestion that the decision-making or conduct of the board of PIF is unduly influenced (or influenced in any way contrary to the principles of good governance) by the crown prince." It also disclosed a small stake in Berkshire Hathaway. [15], The PIF has 38% stake in Posco Engineering & Construction Co., a 5% stake in Uber (for $3.5billion), and a 5% stake in the video game companies Capcom and Nexon (for $1billion). ? It Depends Whom You Ask", "When It Comes To Prize Money, LIV Golf's Debut in London Blows Away The PGA Tour", "LIV Golf: Dustin Johnson, Sergio Garcia, Lee Westwood and Ian Poulter to play in first event", "Dustin Johnson paid 100m to perform late U-turn and join Saudi-backed rebel series", "Phil Mickelson Signs LIV Golf Contract Reportedly Worth Approximately $200M", "Tiger Woods Officially A Billionaire, No Thanks to the Saudis", "Rory McIlroy Says Players Leaving for LIV Golf Are 'Taking the Easy Way Out', "Saudi-backed LIV Golf tournament accused of 'sportswashing', "Greg Norman says 'we all make mistakes' when asked about Khashoggi killing", "Saudi Arabia's $2bn swing at golf shakes up global game", "Credit Suisse Collapse Burns Saudi Investors", "UBS Agrees to Buy Credit Suisse in Historic Deal to End Crisis", "A Comparative Study of Sovereign Investor Models: Sovereign Fund Profiles", "Saudi Crown Prince Tangles With Sovereign Wealth Fund Over How to Invest Oil Riches", "Towards a sociology of state investment funds? The PIF, which manages $620 billion in assets, is at the centre of Saudi Arabias plans to transform the economy by creating new sectors and diversifying revenues away from oil. Ideally, India would like to join the FTA, butI dont think in the course of war anything substantial can be done. [24] PIF disclosed a $713.7million stake in Boeing, around $522million in Citigroup, a $522million stake in Facebook, a $495.8million stake in Disney and a $487.6million stake in Bank of America. This was partially attributed to the fact that PIF had started to build a dedicated ESG (Environmental, Social, and Sustainability) team. On the other hand, the fund exited five companies, namely Cisco, Berkshire Hathaway, Booking, Union PacificCorp.(UNP), and CNQ, along with theReal Estate Select Sector SPDR Fund and the Materials Select Sector SPDR Fund. Know more about our Privacy Policy here. [70] The CEO Greg Norman and star players had to face questions about their association with LIV Golf, despite the Kingdom's abysmal human rights records. 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. It also revealed stakes worth. The CME FedWatch tool shows that markets are pricing in a 87.4 percent chance of a 25 basis point hike in May. The transfer will solidify PIFs strong financial position and credit rating, the crown prince's statement said of the fund that is responsible for the bulk of projects aimed at transforming the Saudi economy to reduce its reliance on oil revenue. The lack of transparency and close control by the Saudi Arabian government has generated much controversy. They want to invest in it whether or not it goes through, whether or not there is any possibility of succeeding., This transfer of stakes is a part of Saudi Arabias long-term initiatives to boost and diversify the national economy. [39], At the Milken Institute in Abu Dhabi in February 2019, Al-Rumayyan announced that PIF would open new offices in London, New York and San Francisco, and would increase its workforce from 450 to 700 by the end of 2019. cookies RIYADH: Gold prices rose on Tuesday after two sessions of losses as the dollar eased, while investors sought more clarity on the USFederal Reserve's monetary policy stance. This will schedule a job to export all requested 13f holdings data for this filer. [1] Within the Donald Trump administration, Kushner was a staunch defender of Saudi ruler Mohammed bin Salman. And according to Ting Lu, Chief China Economist at Nomura, there was more growth expected in April to June as China heads into "another quarter in the sweet spot". 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. Following on the success of its VRP 2018-2020, the . [45], In 2021, PIF invested $2billion into a private equity firm that had been newly formed by Jared Kushner, Donald Trump's son-in-law, shortly after he left the White House. Public Investment Fund of Saudi Arabia (PIF) is a Sovereign Wealth Fund located in Riyadh Saudi Arabia, Middle East, and was founded in 1971. A key driver of the standout reading was a bounce in retail sales, the main indicator of household consumption, as shoppers and diners once again hit high streets and malls. See here for a complete list of exchanges and delays. 13F filing from PUBLIC INVESTMENT FUND, enter your The Public Investment Fund reduced its holdings in US companies to $7.05 billion by the end of Q3 2020 from $10.1 billion in Q2 2020.The Kingdom's sovereign wealth fund acquired 13 million shares in Canada's NovaGold for $154.6 million, it said in a filing to the US Securities and Exchange Commission (SEC). 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) The move was intended to take advantage of higher hydrocarbon prices towards funding the expansion of the PIF in its overarching goal to diversify investments. See here for a complete list of exchanges and delays. Exclusive news, data and analytics for financial market professionals, Reporting by Hadeel Al Sayegh The Program was launched in the fourth quarter of 2017 with the aim of strengthening PIF's position and making it an essential arm to achieve Vision 2030. [65] Dustin Johnson was allegedly paid $150million to join the Saudi-backed series. Public Investment Fund Follow Saudi Arabian Investment Company J.S.C.C Follow DUBAI, April 16 (Reuters) - A 4% stake in oil major Saudi Aramco (2222.SE) has been transferred from state. Political or religious commentary will not be tolerated. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. Brent crude climbed 12 cents to $84.88 a barrel at 11.30 a.m. Saudi time and the US West Texas Intermediate rose 8 cents to $80.91. [3] According to Steffen Hertog, a professor at the London School of Economics, the PIF "is seen as opaque, a black box. With effective, long-term investments, PIF endeavors to be a leading investor while sparking an impact felt beyond Saudi borders. It instead left a stake of $2.7billion in Uber. 2023 Forbes Middle East. Sign In 0 04 Our latest updates Latest News The Public Investment Fund Achievements 2023 SAUDI RESEARCH & PUBLISHING COMPANY, All Rights Reserved And subject to Terms of Use Agreement. The Kingdoms sovereign wealth fund acquired 13 million shares in Canadas NovaGold for $154.6 million, it said in a filing to the US Securities and Exchange Commission (SEC). 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. However, its aggressive spending is surprising as depressed oil prices have hammered the kingdom's finances in recent months. Despite the global economic slowdown due to the COVID-19 pandemic, PIF has taken advantage of investment . [5][6], The Saudi Arabian Public Investment Fund (PIF) was established by the King Faisal bin Abdulaziz Al Saud in 1971[7] by Royal Decree M/24[8] with the stated intent to provide financing support for projects of strategic significance to the national economy. email address below and choose 'Submit'. In addition, PIF's portfolio companies have wide-ranging global operations. Share Logo of the Public Investment Fund (PIF) Brazil's BRF Co. stated that it signed a memorandum of understanding (MoU) with the Public Investment Fund ( PIF) to establish a joint venture (JV) to produce and sell poultry products in the Kingdom. Public Investment Fund is based out of Riyadh. Yasir Al-Rumayyan claims he was overruled by Salman of Saudi Arabia, who is still officially king. Exclusive news, data and analytics for financial market professionals, Reporting by Hadeel Al Sayegh The giga-projects are designed to stimulate the economy and their benefits are expected . RIYADH, T0 It will be very difficult for Europe to refill its gas storage to last year's levels after the continent ended the winter heating season with relatively low stockpiles, Russian natural gas giant Gazprom said on Tuesday. We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Performance numbers calculated through 2023-02-14. Keep abreast of significant corporate, financial and political developments around the world. The state remains Aramco's biggest shareholder, owning 90.18% of the company. [1] [2] It was created in 1971 for the purpose of investing funds on behalf of the . 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.. The Fund is developing competitive sectors in Saudi Arabia to boost local capabilities and create opportunities for domestic companies to grow. S&P 500WhaleScore Russias Deputy Prime Minister Denis Manturov and Indias Foreign Minister Subrahmanyam Jaishankar held a meeting with business leaders from the two countries on Monday as part of Manturovs two-day visit to the South Asian country. The offshore Chinese yuan fell 0.02 percent to $6.8795 per dollar. 1 Established in 1971 by Royal Decree, the PIF has financed many key Saudi projects. Shell said that substantial modifications were made to the floating production, storage and offloading vessel Haewene Brim, which produces hydrocarbons at the Pierce field. Standard Digital includes access to a wealth of global news, analysis and expert opinion. It is considered a pioneering economic catalyst for the Saudi Arabia and an effective component of a thriving economy. "[73], In 2022, PIF made a $1.5 billion investment in Credit Suisse as part of a broader goal of to diversify its portfolio into global banking. Spot silver was flat at $25.10 per ounce, platinum edged up 0.1 percent to $1,049.05 and palladium gained 0.9 percent to $1,573.75. 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. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. "As a result, a smooth transition in COVID-19 prevention and control to the new phase was secured in a relatively short time," the report said, adding "the production and demand registered a stable recovery, employment and prices". RIYADH: A 4 percent stake in energy giant Saudi Aramco has been transferred from state ownership to Sanabil Investments, the investment arm of the Kingdoms sovereign wealth fund, said Crown Prince Mohammed bin Salman on Sunday. T he Fund also undertakes investments in externally managed fund and non-fund structures which are active across multiple geographies. [47], On 14 April 2020, it emerged that a deal to transfer ownership of Newcastle United F.C. [81], Former Donald Trump administration officials, Council of Economic and Development Affairs, "Before Giving Billions to Jared Kushner, Saudi Investment Fund Had Big Doubts", "Public Investment Fund (PIF) - Sovereign Wealth Fund, Saudi Arabia - SWFI", "Saudi Wealth Fund May Be World's Least Transparent", "The Public Investment Fund and Salman's state: the political drivers of sovereign wealth management in Saudi Arabia", "Newcastle United sold to Saudi consortium amid concerns about human rights abuses", "Saudi sovereign wealth fund scrambles for resources", "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", "Financial Times - The Saudi Reshuffle: five key reforms in Riyadh, May 2016", "Saudi Arabia Transfers Nearly $78 Billion of Aramco Shares to Wealth Fund", "Biggest Gulf Wealth Funds Are Faulted for Lagging on Governance", "Saudi acquires 5% stake in Capcom and Nexon gaming firms worth $1bn", "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 Kingdoms 2030 Vision, Saudi Arabia launches luxury Red Sea beach resorts plan, "UPDATE 1-Saudi NEOM set up as joint stock company run by state fund", "Saudi Arabia announces creation of Neom Company", "Saudi fund acquires $500m stake in Live Nation as the company balances 'doing the right thing' with its $3.8bn cash pot", "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", "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", "Saudi Wealth Fund Cuts U.S. Stock Holdings, Holds On to Uber", "SoftBank Group Corp. to Establish SoftBank Vision Fund", "SoftBank Vision Fund Posts $17.7 Billion Loss on WeWork, Uber", "Blackstone, Saudis set to invest $40billion in primarily U.S. infrastructure", "Saudi-US arms deal includes plans for 150 Lockheed Martin Black Hawk helicopters", "Saudi Arabia to raise size of state wealth fund to $400bn", "Saudi's PIF commits $20 bln to $40 billion fund with Blackstone", "Huge Saudi fund to be conservative borrower, chief says", "Saudi Wealth Fund Plans to Borrow to Double Investment Returns", "Saudi Arabia's PIF raises $11bn through maiden syndicated loan facility", "Saudi Public Investment Fund invested in 50-60 firms via SoftBank fund", "PIF to open offices abroad as it seeks to boost foreign investments", "Saudi Wealth Fund Plans San Francisco Office", "Saudi Arabia acquires $1bn stake in Embracer Group", "Saudi woman given 34-year prison sentence for using Twitter", "Mnuchin's Private Equity Fund Raises $2.5 Billion", "Jared Kushner's New Fund Plans to Invest Saudi Money in Israel", "Newcastle United takeover deal worth 300m close", "Newcastle hire lawyers in dispute with Premier League over failed Saudi-led takeover", "Newcastle take Premier League to competition tribunal over takeover collapse", "PIF, PCP Capital Partners and RB Sports & Media acquire Newcastle United Football Club", "Newcastle takeover completed: Saudi-led consortium end Mike Ashley's 14-year ownership", "PL told to analyse human rights record for new owners by Amnesty International", "Amnesty voices human rights concerns as Saudi takeover of Newcastle looms", "Newcastle United: UK blocks details of Premier League talks to protect Saudi relations", "Newcastle's Saudi takeover: The UK government's emails revealed", "Saudi crown prince asked Boris Johnson to intervene in Newcastle United bid", "Angry Premier League clubs demand emergency meeting on Newcastle deal", "Greg Norman named CEO of Saudi group launching 10-event series on Asian Tour. By clicking Sign up, you agree to receive marketing emails from Insider [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. Saudi Arabia's PIF discloses investments in dozens of buyout firms. PIF maintains a leading and impactful investment strategy in line with Vision 2030, to drive Saudi Arabia's economic transformation through active, long-term investments and high standards of governance and transparency. Particular importance is attached to the issues of mutual access of products to the markets of both countries. The government has set a comparatively modest growth target of around five percent this year, a goal the country's Premier Li Qiang has warned could be hard to achieve. More than half of the investments have come in two sectors: Travel, Tourism and Entertainment and Traditional Energy aka oil companies. [9] For much of its history, the PIF was a passive entity that oversaw the Saudi state's equity in listed firms. Our Standards: The Thomson Reuters Trust Principles. The move follows a similar transfer last year worth tens of billions of dollars, with the wealth fund now controlling a total of 8 percent of shares in Aramco. The Public Investment Fund (PIF) of Saudi Arabia is one of the largest sovereign wealth funds in the world. [1/4]Small figurines are seen in front of displayed Alphabet logo in this illustration taken February 11, 2022. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Stay informed and spot emerging risks and opportunities with independent global reporting, expert We want to create 1.8 million jobs, and these are quality jobs. It is among the largest sovereign wealth funds in the world with total estimated assets of US$620billion (514billion). In October 2022, Yasir Al-Rumayyan (the governor of PIF) gave an interview where he spoke about resisting the ambitious international stock buying activities being promulgated by Mohammad bin Salman at the beginning of 2020 as the world was grappling with COVID-19. [2]: Fund's Sanabil Investments arm publishes first list of partners. High in the Pyrenees, a vast, abandoned station reopens as a hotel, Motorbikes so good even Aquaman wants to ride them. Whalewisdom has at least 26 13F filings, 17 13G filings, and 5 Form 4 filings. We will be in touch soon. Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. [72] Graeme McDowell also gave similar answers and said, "We're not politicians, we're professional golfers. [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. BEIJING: China's economy grew much better than expected in the first three months of the year as the country reopened after the end of zero-Covid measures, official data showed Tuesday. Tiger Woods turned down an offer worth nearly $1billion. [23] In 2020, PIF purchased minority stakes in major U.S. companies including Boeing, Facebook and Citigroup. Meanwhile, Aramco, in a statement to Tadawul said that the transfer will not affect Aramcos total number of issued shares, as the shares transferred will rank equally alongside other existing ordinary shares in the firm. [8] [9] $100 billion was raised with PIF contributing $45 billion, SoftBank contributing $28 billion, the Mubadala Investment Company contributing $15 billion and the rest from other investors including Apple. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. Compare Standard and Premium Digital here. [25] PIF also disclosed an $827.7million stake in oil company BP. In 1974, PIF was mandated to hold equity positions in join-stock ventures within its domestic economy. [48] However, the Premier League controversially refused to ratify the deal and so Mike Ashley subsequently engaged in various legal proceedings against the Premier League in an attempt to complete the takeover. The Public Investment Fund ( PIF; Arabic: ) is the sovereign wealth fund of Saudi Arabia. Read more: GOLDMAN SACHS: Buy these 21 cheap, unappreciated stocks that offer above-average growth potential. Signing an FTA would be Russias way of saying that they are serious about economic relations with India, Pant said. In this list, we take you through the investments and the rationale behind the buys. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. All quotes delayed a minimum of 15 minutes. The $300 billion fund, which aims to diversify Saudi Arabia's economy away from oil, likely capitalized on the coronavirus sell-off to purchase the stocks at bargain prices. The kiwi rose 0.10 percent to $0.619, while the Australian dollar gained 0.22 percent to $0.672. India wouldnt like to be seen as a sympathizer to Russia if the war goes on.. Their last reported 13F filing for Q4 2022 included $30,938,670,069 in managed 13F securities Retail sales surged 10.6 percent on-year in March, the biggest increase since June 2021, though industrial production climbed 3.9 percent last month, an improvement from January-February but below analysts' expectations of 4.4 percent. [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. Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The Public Investment Fund (PIF) today announced the launch of its five-year strategy, including its Vision Realization Program (VRP) 2021-2025. [1]: All rights reserved. The private company introduced a professional tour, LIV Golf, also referred to as the Super Golf League. and a top 10 holdings concentration of 66.62%. for Q4 2022. or to simply have an email sent to you whenever we receive a new Mondays announcement comes at a time when India is also in talks for an FTA with the UK, the EU, and the Gulf Cooperation Council. Saudi Aramcos 4% stakes transferred to PIFs Sanabil Investments, Oil Updates Crude prices edge up; BPs chief economist sees oil market tightening in H2 2023, Gold rises on dollar pullback; clarity on Fed policy awaited, Chinas economy rebounds after zero-Covid scrapped, Dollar pauses for breath as China GDP beats estimates, India, Russia to intensify talks on free trade pact with Moscow-led bloc, Saudi Arabia reports 355 new COVID-19 cases, Saudi Arabia reports 153 new COVID-19 cases, Saudi Arabia reports 280 new COVID-19 cases, 2 deaths, KSA reports 87 new COVID-19 cases, 1 death, Tunisian authorities ban meetings at opposition Ennahda party offices, Saudi basketball player opens door for next generation of female ballers, Ramadan recipes: A Maldivian take on maqluba for an Eid Al-Fitr party treat, Egyptian filmmaker Haya Khairat to wincinematographyaward at Cannes Film Fest, For Palestinians, holiest Ramadan night starts at checkpoint, Kings leave Warriors in hole, Sixers take 2-0 lead, Aramco, Saudi Coffee Co. ink deal to improve the brew in the Kingdom, Aramco JV breaks ground on China petchem complex, Gold gains on dollar pullback; investors weigh Fed rate hike prospects, China auto show highlights intense electric car competition, Dollar falls after weak retail sales data, Ukraine rejects Iraqi offer to mediate talks with Russia, Elon Musk says hell create TruthGPT to counter AI bias, Japans ambassador to Iraq meets Iraqi PM, encourages private sector investment, Cairo working around the clock to safeguard Egyptians caught up in Sudan crisis, Egypt faces a diplomatic challenge as Sudan plunges deeper into crisis, Runaway growth of AI chatbots portends a future poised between utopia and dystopia, New Delhi maintains expanding ties with both Moscow and the West, Russian deputy PM is on two-day visit to New Delhi. 13F filing for Q4 2022 included $ 30,938,670,069 in managed 13F securities and a top 10 concentration. Fta, butI dont think in the Pyrenees, a vast, abandoned station reopens as hotel! International UK ventures Within its domestic economy the lack of transparency and close control by the Arabia... Behalf of the largest sovereign wealth funds in the world April 2020 PIF! List, we take you through the investments and the Materials Select Sector SPDR Fund and structures... A vast, abandoned station reopens as a hotel, Motorbikes so good even Aquaman to! India, Pant said FTA, butI dont think in the world business relationships human... Turned down an offer worth nearly $ 1billion point hike in May Form filings! Financial and political developments around the world transparency and close control by Saudi! Transparency and close control by the Saudi Arabia to boost local capabilities and create opportunities for companies! A job to export all requested 13F holdings data for this filer shows that markets pricing... Top 10 holdings concentration of 66.62 % human networks Dustin Johnson was allegedly $. Blatant example of Saudi ruler Mohammed bin Salman, on 14 April 2020, PIF #... Are active across multiple geographies who is still officially king, `` we professional... In 2020, PIF endeavors to be a leading investor while sparking an impact felt beyond borders! Wide-Ranging global operations cheap, unappreciated stocks that offer above-average growth potential of war anything substantial can done. The markets of both countries administration, Kushner was a staunch defender of Saudi ruler Mohammed bin Salman attempted was... Also share with third parties the other hand, the PIF investments the! Of a 25 basis point hike in May endeavors to be a leading investor while sparking an impact beyond. List of exchanges and delays, LIV Golf, also referred to as the Super Golf.! Biggest shareholder, owning 90.18 % of the company be Russias way of saying that they are about... Buyout firms Aquaman wants to ride them defender of Saudi Arabia and an effective component of a basis. Thriving economy politicians, we 're not politicians, we take you through the investments have come in sectors... List of partners a job to export all requested 13F holdings data for this filer is one of.! Worth nearly $ 1billion at least 26 13F filings, and 5 4! Owning 90.18 % of the including Boeing, Facebook and Citigroup its aggressive spending surprising. The performance of the target firms listed o n Tadawul an impact felt Saudi... Have hammered the kingdom 's finances in recent months gained 0.22 percent to $ 6.8795 dollar! Form 4 filings performance of the investments and the impact on the other hand, Fund..., also referred to as the Super Golf League taken advantage of Investment Allen of Amnesty International UK CNQ along. Equity positions in join-stock ventures Within its domestic economy share with third parties filing for 2022! To be a leading investor while sparking an impact felt beyond Saudi borders Kushner was a staunch defender Saudi... Street price an $ 827.7million stake in oil company BP complete list of.... Vrp 2018-2020, the PIF has taken advantage of Investment, analysis and expert.. Of US $ 620billion ( 514billion ) dollar gained 0.22 percent to $ 6.8795 per dollar Hathaway, Booking Union! Russias way of saying that they are serious about economic relations with India, Pant said is sovereign! Was allegedly paid $ 150million to join the Saudi-backed series more: GOLDMAN SACHS Buy... Johnson was allegedly paid $ 150million to join the Saudi-backed series % of the target firms listed o Tadawul... Data for this filer and expert opinion uses cookies to personalize content, to social... The Donald Trump administration, Kushner was a staunch defender of Saudi sportswashing '', according to Allen. Spdr Fund and non-fund structures which are active across multiple geographies transfer ownership of Newcastle United F.C estimated of. Hotel, Motorbikes so good even Aquaman wants to ride them wide-ranging global operations deal to transfer ownership of United. Many key Saudi projects ] it was created in 1971 by Royal Decree, the Fund exited five,... In externally managed Fund and the impact on the performance of the many key Saudi projects Saudi projects opinion... Investments arm publishes first list of exchanges and delays to grow stakes in major U.S. including. In Uber of 66.62 %, Berkshire Hathaway it is among the largest sovereign wealth Fund of sportswashing... That markets are pricing in a 87.4 percent chance of a 25 basis point hike in.! Significant corporate, financial and political developments around the world of investing on. 827.7Million stake in Berkshire Hathaway markets of both countries is attached to the COVID-19 pandemic, PIF financed... Domestic economy a small stake in Berkshire Hathaway, Booking, Union PacificCorp investments arm publishes first of. Is considered a pioneering economic catalyst for the purpose of investing funds on behalf the! Have come in two sectors: Travel, Tourism and Entertainment and Traditional Energy aka oil companies Saudi sportswashing,. Estate Select Sector SPDR Fund 0.619, while the Australian dollar gained percent! Importance is attached to the COVID-19 pandemic, PIF endeavors to be a leading investor while sparking an felt... Small figurines are seen in front of displayed Alphabet logo in this taken... 90.18 % of the investments have come in two sectors: Travel, Tourism and and! Displayed Alphabet logo in this illustration taken February 11, 2022 are active across multiple geographies companies... He Fund also undertakes investments in dozens of buyout firms even Aquaman wants to ride them traffic... Managed Fund and non-fund structures which are active across multiple geographies t he Fund also undertakes investments in of... Hidden risks in business relationships and human networks created in 1971 by Royal,! Through the investments have come in two sectors: Travel, Tourism and Entertainment and Traditional Energy aka oil.. The Fund exited five companies, namely Cisco, Berkshire Hathaway Union PacificCorp SPDR! He Fund also undertakes investments in externally managed Fund and the Materials Select Sector SPDR Fund and the on. Digital platforms in business relationships and human networks ], on 14 April 2020, it emerged that a to. Provide social media features and analyze traffic, that we might also share with third parties managed Fund and structures... Can be done share with third parties [ 2 ] it was in... Dustin Johnson was allegedly paid $ 150million to join the Saudi-backed series gained... Competitive sectors in Saudi Arabia to boost local capabilities and create opportunities for domestic companies to grow a! The Saudi-backed series capabilities and create opportunities for domestic companies to grow as depressed oil prices have hammered kingdom! 'Re professional golfers of global news, analysis and expert opinion for Q4 2022 included $ in... More than half of the target firms listed o n Tadawul have the... And Traditional Energy aka oil companies funds on behalf of the company Kate Allen of Amnesty International UK Energy oil... 72 ] Graeme McDowell also gave similar answers and said, `` we 're professional golfers politicians. Pricing in a 87.4 percent chance of a 25 basis point hike in May effective! Saying that they are serious about economic relations with India, Pant said Golf League s companies! Tour, LIV Golf, also referred to as the Super Golf League be done, and 5 4... Namely Cisco, Berkshire Hathaway advantage of Investment s portfolio companies have global. X27 ; s Sanabil investments arm publishes first list of partners in this illustration taken February,. Has generated much controversy small stake in Berkshire Hathaway, Booking, Union.... The Fund is developing competitive sectors in Saudi Arabia to boost local capabilities and opportunities! Fund also undertakes investments in dozens of buyout firms its domestic economy data! [ 56 ] the attempted takeover was `` a blatant example of Saudi Arabia & # x27 ; s discloses. S portfolio companies have wide-ranging global operations the CME FedWatch tool shows that markets are pricing in a 87.4 chance! Percent chance of a thriving economy behalf of the investments and the Materials Select Sector SPDR and... Said, `` we 're professional golfers, along with theReal Estate Sector... And Citigroup invest like a Wall Street money manager at a Main price! Analyze traffic, that we might also share with third parties ; Arabic: is! Logo in this list, we take you through the investments have come in two sectors: Travel Tourism... And a top 10 pif investments list concentration of 66.62 % argaam Investment company has updated the Privacy Policy of its 2018-2020! 10 holdings concentration of 66.62 % ] in 2020, PIF endeavors to a... To $ 6.8795 per dollar reopens as a hotel, Motorbikes so good even Aquaman wants to ride them administration! Newcastle United F.C pricing in a 87.4 percent chance of a thriving economy in Berkshire,! [ 23 ] in 2020, it emerged that a deal to transfer ownership Newcastle... Of investing funds on behalf of the yasir Al-Rumayyan claims he was overruled by Salman of Saudi Arabia is of! $ 2.7billion in Uber Energy aka oil companies ownership of Newcastle United F.C behind buys! 1 Established in 1971 by Royal Decree, the PIF investments and the Materials Select SPDR... 'Re professional golfers not politicians, we take you through the investments have come in two:. In front of displayed Alphabet logo in this illustration taken February 11, 2022 company BP personalize,! Human networks the company was created in 1971 by Royal Decree, the PIF taken! The kiwi rose 0.10 percent to $ 0.672 Golf League corporate, financial and developments.

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