PIF and Google Cloud to create advanced AI hub in Saudi Arabia
Oct 30, 2024 · AI hub is expected to generate thousands of job opportunities and increase the GDP of Saudi Arabia by $71 billion over the next eight years. Advances in Arabic-language models along with AI and digital upskilling programs to revolutionize and transform AI experience. PIF and Google Cloud today announced a strategic partnership to create a new ...
Saudi PIF to sell 2% stake in STC at 38.6 riyals/share, state TV ...
7 hours ago · Saudi Arabia's sovereign wealth fund PIF will sell 100 million shares in the country's telecom group STC at a price of 38.6 riyals ($10.27) apiece, state television reported on Thursday.
Saudi Arabia's wealth fund PIF to sell 2% stake in STC in potential …
16 hours ago · DUBAI, Nov 13 (Reuters) - Saudi Arabia's sovereign wealth fund PIF is selling an around 2% stake in the country's telecom group STC , opens new tab, the banks running the deal said on Wednesday ...
Saudi Arabia's PIF to sell 2% stake in STC in estimated $1bn deal
9 hours ago · Saudi Arabia’s Public Investment Fund is selling 2 per cent of its stake, or 100 million shares, in Saudi Telecom Company, the kingdom's biggest mobile operator, according to a regulatory filing with the Tadawul stock exchange.. The stake is estimated to be worth more than $1 billion, based on STC's most recent closing price. Still PIF will remain STC’s largest shareholder following the ...
Saudi Fund to Sell Stake Worth About $1 Billion in Telecom Firm
16 hours ago · The Public Investment Fund plans to sell 100 million shares in Saudi Telecom Co., or a 2% stake, according to a statement on Wednesday. Based on the firm’s last closing price, the stake is ...
Fitch Affirms Public Investment Fund at 'A+'; Outlook Stable
2 days ago · In alignment with Saudi Arabia's Vision 2030 and PIF's 2021-2025 strategy, PIF serves as a key economic catalyst, driving non-oil GDP growth and investing in a diverse range of sectors both locally and internationally. These investments include high-impact projects that are strategically important to Saudi Arabia.
Saudi Arabia’s wealth fund pivots from international investments
Oct 29, 2024 · The Public Investment Fund, which has about $930bn worth of assets, said it intended to cut the proportion of funds invested overseas to between 18 and 20 per cent, down from 21 per cent today...
PIF | Home | Public Investment Fund
PIF is a global and domestic investor. As one of the world's largest sovereign wealth funds, PIF is a key driver of Saudi Vision 2030, with HRH Crown Prince Mohammed bin Salman Al-Saud as Chairman.
News & Insights | Public Investment Fund - PIF
20 October 2024 Arabian Business: Green hydrogen will unlock the energy transition. In the media. 06 October 2024 Okaz: PIF empowers young Saudis to build a sustainable future. In the media. 03 July 2024 Arab News: How Kayanee is shaping up women’s fitness in Saudi Arabia.
Public Investment Fund of Saudi Arabia - Financial Times
Aug 20, 2024 · Stay up-to-date with breaking news and top stories on Public Investment Fund of Saudi Arabia. In-depth analysis, industry insights and expert opinion.