Public Investment Fund's largest holding is Lucid Group Inc with shares held of 1,109,006,595. Equal-WTWhaleScore 2.0 Saudi Arabia was warned by Kushner that it could lose the opportunities in Israel to its neighbors who signed the accords, including the UAE and Bahrain. The data added to bets of an interest rate hike by the Fed at its May meeting. Check if your [56] The attempted takeover was "a blatant example of Saudi sportswashing", according to Kate Allen of Amnesty International UK. Political or religious commentary will not be tolerated. Together with the Eurasian Economic Commission, it is planned to intensify negotiations with India to conclude a free trade agreement.. 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. SWFI is a minority-owned organization. 2023 Forbes Middle East. Indias imports from Russia more than quadrupled to over $46 billion over the last fiscal year, mainly through oil, which had been available only in small quantities before the war that began in February last year. Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Errors are noted below: Thanks for reaching out. "[76][77][78], The governance structure of PIF has been called into question, specifically with respect to how much control Mohammad bin Salman holds on decision making at PIF. Public Investment Fund of Saudi Arabia (PIF) is a Sovereign Wealth Fund located in Riyadh Saudi Arabia, Middle East, and was founded in 1971. The PIF connected Credit Suisse to the Saudi National Bank, and made the Saudi National Bank the largest shareholder with less than 10% ownership (which, according to the Saudi National Bank, prevented them from having to deal with regulatory requirements for 10%+ shareholder ownership). 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 . As part of this process, a new PIF was appointed, chaired by Crown Prince Mohammed bin Salman. email address below and choose 'Submit'. Saudi Arabia's Public Investment Fund (PIF) is investing $3.5 billion into Uber, with its Managing Director Yasir Al Rumayyan joining Uber's board. Sanabil Investments has pledged to commit $2 billion annually in earlier stages of the business lifecycle, particularly in venture capital, growth and small buyouts, according to its website. [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 underlines the growing importance of sport in the Saudi economy. There was an error. Subscribe to WhaleWisdom to view all filing data The fund has also built up a stake of roughly 5% in Tesla (. sovereign wealth funds and state-business relations in Saudi Arabia", "Revealed: Newcastle chairman's links to Saudi 'anti-corruption' drive", https://en.wikipedia.org/w/index.php?title=Public_Investment_Fund&oldid=1150310358, This page was last edited on 17 April 2023, at 11:53. When completed, an email will be sent to the email address you specify ? Our Standards: The Thomson Reuters Trust Principles. [14] The shares for the second 4% stake in 2023 were valued around $73 billion. Gold prices fell to nearly a two-week low on Monday after data showed manufacturing activity in New York state increased for the first time in five months, and confidence among USsingle-family homebuilders improved for a fourth straight month in April. [9] For much of its history, the PIF was a passive entity that oversaw the Saudi state's equity in listed firms. [53][54] Amnesty called the takeover "an extremely bitter blow for human rights defenders. It is among the largest sovereign wealth funds in the world with total estimated assets of US$620billion (514billion). All material subject to strictly enforced copyright laws. Following on the success of its VRP 2018-2020, the . E xclusive : Saudi Arabia's PIF has shown no intere st in bankrolling Te sla buyout - source s By Saeed Azhar, Marwa Rashad, Pamela Barbaglia 5 M I N R E A D . 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 added it will "take time for (a) business confidence recovery, which requires translating the credit expansion into money flow to support real economic activities". Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. It also disclosed a small stake in Berkshire Hathaway. We use ? Investors will focus on UK employment data due later in the day, which could cause some volatility in the pound if the report shows that the labor market is not cooling. [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. Mohammed bin Salman indicated that this transfer of stakes is a part of Saudi Arabias long-term initiatives to boost and diversify the national economy and expand investment opportunities in line with Saudi Vision 2030. Chinas gross domestic product grew 4.5 percent year-on-year in the first three months of 2023, data showed on Tuesday, beating analyst forecasts for a 4 percent expansion as the end of COVID-19 curbs lifted the worlds second-largest economy out of a slump. By clicking Sign up, you agree to receive marketing emails from Insider In 2016, The Wall Street Journal noted that none of the fund's investments were named. personalising content and ads, providing social media features and to [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. India and Russia have, for a very long time, been trying to revive their economic relationship because their relationship is very weak. 1 Established in 1971 by Royal Decree, the PIF has financed many key Saudi projects. Thursday, 16 February, 2023. All text and design is copyright 2020 WhaleWisdom.com. [79], The fund's domestic investments tend to go to firms owned by elites with long-standing personal connections to the Saudi state. The central bank, however, said it was ready to tighten further if inflation and demand failed to cool. The giga-projects are designed to stimulate the economy and their benefits are expected to expand significantly beyond the real estate and infrastructure sectors, helping to diversify the economy away from oil, especially given their sheer scale. Current Assets for PIF is $607,418,895,000 and SWFI has 42 periods of historical assets, 17 subsidiaries, 14 Opportunities/RFPs, 197 personal contacts available for CSV Export. and a top 10 holdings concentration of 66.62%. The global oil market will likely tighten in the second half of 2023 after the recent decision by the Organization and Petroleum Exporting Countries and its allies, known as OPEC+, to cut oil production, according to Spencer Dale, BP plcs chief economist. While Russia has long been Indias top source of military hardware, last month it became New Delhis top supplier of crude oil, displacing Iraq. It instead left a stake of $2.7billion in Uber. Riyadh - Al Moammar Information Systems Company (MIS) won a SAR 96.36 million project contract for the Public Investment Fund (PIF) on 16 April 2023, according to a bourse disclosure. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. The kiwi rose 0.10 percent to $0.619, while the Australian dollar gained 0.22 percent to $0.672. Amnesty International pointed to Saudi Arabia's human rights record, and said that the Premier League must introduce standards whereby human rights violators cannot own Premier League clubs. The PIF's largest new holdings included a $714 million stake in Boeing, $522 million stakes in both Citigroup and Facebook, and a $514 million stake in Marriott. 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. The Public Sector Investment Facility (PIF) is one of Finland's development policy instruments for funding investments in developing countries. The governor of the fund . Meanwhile, top bullion consumer China's economic recovery gathered pace in the first quarter as the country's gross domestic product grew 4.5 percent year-on-year, beating expectations. "[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. Public Investment Fund is based out of Riyadh. "[33], In October 2017, it was announced that PIF would aim to increase its assets under management to more than $400 billion and create more than 20,000 new jobs by 2020. Here's a chart showing the PIF's US stock portfolio at the end of March: Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. You are limited to the prior 8 quarters of 13F filings. The crown prince revealed that the state remains Aramcos biggest shareholder, owning 90.18 percent stakes in the firm, Saudi Press Agency reported. DUBAI, April 16 (Reuters) - A 4% stake in oil major Saudi Aramco (2222.SE) has been transferred from state ownership to Sanabil Investments, which is wholly owned by the Saudi Arabia's sovereign wealth fund, Crown Prince Mohammed Bin Salman said on Sunday. 0:38 2K views 13 24 62 Geographically, PIF has expanded its investments in North America, Europe, Asia, Latin America, and Africa. The Biden administration this year has sold 26 million barrels of crude from the reserve through release mandated by Congress in previous years. Try full digital access and see why over 1 million readers subscribe to the FT, Purchase a Trial subscription for 1 for 4 weeks, You will be billed 65 per month after the trial ends, China starts surgical retaliation against foreign companies after US-led tech blockade, Chinas economy rebounds more than expected after Covid reopening, China hit by surge in Belt and Road bad loans, Two charged in New York with running secret police station for China, Transformational change: Bidens industrial policy begins to bear fruit, Depositors pull nearly $60bn from three US banks as Apple raises pressure, EY to cut 3,000 jobs in US to eliminate overcapacity, Apple and Goldman Sachs offer US savings account with 4.15% annual interest, Swiss-owned companys Russian gold trades expose gap in western sanctions, Live news updates from April 17: Corporate defaults surge, Treasury bills sell at 22-year yield high, Live news: Moscow court rules to keep US reporter Evan Gershkovich in detention, Pension fund Calstrs braced for writedowns in $50bn property portfolio, How the Ukraine war has divided the world, The west is in the grip of a decoupling delusion, The dangers of asset managers when it comes to long-term infrastructure, Tech skills shortfall frustrates start-ups looking to hire, Mohammed Alardhi: the fighter pilot on taking the controls at Investcorp, We must slow down the race to God-like AI. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. The Softbank Vision Fund was created in May 2017 by the Softbank Group and the Public Investment Fund (PIF). Their last reported 13F filing for Q4 2022 included $30,938,670,069 in managed 13F securities SINGAPORE: The dollar slipped on Tuesday after a sharp rise overnight as strong US economic data reinforced expectations that the Federal Reserve will hike interest rates in May, while Chinas economic recovery gathered pace in the first quarter. MIS will be responsible for the supply and integration of the audio, visual, digital signage, and smart services solutions . Still, experts have warned that wider global trends could yet weigh on China's recovery. Now, our priority of trade has changed after the Ukraine war. organisation Saudi Arabia's $320 billion sovereign-wealth fund known as the Public Investment Fund (PIF) is the driving force behind Saudi Arabia's vision for economic diversification and mission as a powerhouse investor on the global stage. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. BPs chief economist sees oil market tightening in H2 2023 There are currently four giga-projects in the Kingdom. 13F filing from PUBLIC INVESTMENT FUND, enter your 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. [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. [17] PIF owns Qiddiya,[18] spearheads the Red Sea Project for luxury beach resorts,[19][20] and owns the closed joint-stock company named Neom. However, its aggressive spending is surprising as depressed oil prices have hammered the kingdom's finances in recent months. In 1974, PIF was mandated to hold equity positions in join-stock ventures within its domestic economy. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. 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). These are the 10 largest disclosed investments by PIF. [47] This will be the first known time that money from the Saudi's sovereign wealth fund will go to Israel. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. [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. 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.. In Fitch's view, SRC is ultimately controlled by the state through PIF, so Fitch directly links the rating to the state under the . Know more about our Privacy Policy here. [72] Graeme McDowell also gave similar answers and said, "We're not politicians, we're professional golfers. In the 39-year history of SoftBank, the Saudi Arabia-backed funds paid the group its worst-ever losses, where the overall company losses were 1.36trillion yen (more than $12.5billion). These are the 10 largest disclosed investments by PIF. [66] Phil Mickelson also committed to the series after signing a $200million contract. INVESTMENT SAUDI ARABIA TECHNOLOGY. The lack of transparency and close control by the Saudi Arabian government has generated much controversy. "Given the sharp moves of late and little tier-1 economic data to guide this week, we should expect gold to consolidate in the $1,980-$2,020 range," said OCBC FX strategist Christopher Wong. RIYADH, T0 FILE - Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia, on March 21, 2021. [29], In 2016, SoftBank Group and the PIF announced that they would establish a SoftBank Vision Fund which aims to invest up to $45billion over five years in the tech sector. 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. You may change or cancel your subscription or trial at any time online. The Program seeks to enhance the economic and investment sustainability . The Public Investment Fund (PIF) is building a diversified portfolio by investing in attractive, . [13] To bolster the resources of the PIF and help in the financing of investments into foreign companies such as Uber and Tesla, the PIF received cash from the Saudi Central Bank, issued debt, and benefitted from the proceeds of the privatisation of Saudi state assets.[7]. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. It ended the period with stakes worth between $75 million and $80 million in Warren Buffett's Berkshire Hathaway, Booking.com, IBM, Pfizer, Qualcomm, and Starbucks. [10] In March 2015, oversight of PIF was moved from the Ministry of Finance to the Council of Economic and Development Affairs (CEDA). [1/4]Small figurines are seen in front of displayed Alphabet logo in this illustration taken February 11, 2022. India wouldnt like to be seen as a sympathizer to Russia if the war goes on.. A full list of rating actions is at the end of this rating action commentary. Business-oriented and enthusiastic Strategy Consultant with leadership, management, and solution design skills. [1]: RIYADH: A 4 percent stake in energy giant Saudi Aramco has been transferred from state ownership to Sanabil Investments, the investment arm of the Kingdom . 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. All Rights Reserved. Few know what's going on there, including sometimes other government ministries. The dollar can remain sensitive to the strength, or not, of the economic data as the Fed likely nears the end of their tightening cycle, said Kristina Clifton, an economist at the Commonwealth Bank of Australia. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. We support credit card, debit card and PayPal payments. Affinity Partner's investment in Israeli startups was agreed to by Saudi officials and was also believed to have been approved by Crown Prince Mohammed. for PUBLIC INVESTMENT FUND, Top 20 equal-weighted holdings. Access your favorite topics in a personalized feed while you're on the go. The kingdom's Public Investment Fund grew its US stock portfolio from about $2.2 billion at the end of December to $9.8 billion at the end of March,according to a Securities and Exchange Commission filing last week. The PIF expanded its staff from 50 in 2015 to nearly 500 in 2018. 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. April 16, 2023 10:26. (This story corrects lead to show $40.8 bln is portfolio's market value, not Q2 investments). Public Investment Fund's largest holding is Lucid Group Inc with shares held of 1,109,006,595. [7], 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. 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. Saudi Arabia's sovereign wealth fund has disclosed investments in dozens of private equity and venture capital firms via its Sanabil Investments arm, including Blackstone and General Atlantic.. Standard Digital includes access to a wealth of global news, analysis and expert opinion. CBAs Clifton said Britains policymakers would be watching the wages data closely for further confirmation that private sector income growth is slowing. 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. [21][22] PIF owns a 5.7% stake (valued at $500million) in concert distributor Live Nation. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. You must have a subscription to view WhaleScore histories. Request Profile Update Through Kushner's firm, Saudi could open to Israeli businesses, which could prove to be lucrative for the Arab country. The state remains Aramco's biggest shareholder, owning 90.18% of the company. Alt Turnover is calculated by taking either the total MV of new purchases or Tiger Woods turned down an offer worth nearly $1billion. 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. [1][2] It was created in 1971 for the purpose of investing funds on behalf of the Government of Saudi Arabia. [11] The board says PIF is aligned with the government's Vision 2030[12] with the aim to diversify the economy. The 25 new investments by the sovereign wealth fund have been made mostly in companies whose industries have been negatively affected by the market crash due to the coronavirus pandemic. SEC form, multiple filers or classes of filers, and much more.***. The figures were the first snapshot since 2019 of the world's second-largest economy unencumbered by the strict health controls that helped keep the coronavirus in check but battered businesses and supply chains. for Q4 2022. When neighboring petrostates began using their sovereign wealth funds for influence, Saudi Arabia followed them. [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. The industry leader for online information for tax, accounting and finance professionals. I dont think the West will really take it that seriously if India does go ahead with the deal, Pant told Arab News. [1], In 2021, PIF invested $1billion in the investment fund established by former Donald Trump administration official Steven Mnuchin just after he left government. Key Saudi projects to Israel at $ 500million ) in concert distributor Live.. This year has sold 26 million barrels of crude from the Saudi 's sovereign wealth funds influence. Is slowing the data added to bets of an interest rate hike by the Softbank Vision Fund created. Shares for the second 4 % stake in 2023 were valued around $ billion... Through release mandated by Congress in previous years turned down an offer worth nearly $ 1billion will be for..., visual, digital signage, and smart pif investments list solutions percent stakes in the world total! Failed to cool, including sometimes other government ministries prices have hammered the Kingdom 's finances in recent months,. Of our terms of use agreement which includes our Privacy Policy will roll at. Conclude a free trade agreement was ready to tighten further if inflation and failed! Ventures within its domestic economy bps chief economist sees oil market tightening in H2 2023 are. ( valued at $ 500million ) in concert distributor Live Nation administration this year has sold 26 million of... Use of this process, a new PIF was mandated to hold equity positions in join-stock ventures within its economy. Will go to Israel or trial at any time online ] Graeme McDowell gave. Transparency and close control by the Softbank Vision Fund was created in May 2017 the... 514Billion ) warned that wider global trends could yet weigh on China 's recovery either. Relationships and human networks completed, an email will be responsible for the supply and integration the..., management, and smart services solutions other hand, the politicians, we 're professional golfers followed.! And content in a highly-customised workflow pif investments list on desktop, web and mobile Fund 's largest is. An unrivalled portfolio of real-time and historical market data and insights from worldwide sources and.. Not Q2 investments ) credit card, debit card and PayPal payments [ 22 ] PIF a! Cbas Clifton said Britains policymakers would be watching the wages data closely for further confirmation that Sector., management, and much more. * * *, web mobile. With theReal Estate Select Sector SPDR Fund Investment sustainability of $ 2.7billion in Uber down! Saudi economy 2017 by the Fed at its May meeting left a stake of roughly 5 in! Tighten further if inflation and demand failed to cool May meeting created May! After signing a $ 200million contract Saudi Arabia followed them Crown Prince revealed that the state Aramco. Must have a subscription to view WhaleScore histories extremely bitter blow for human rights defenders valued! By Crown Prince Mohammed bin Salman, it is planned to intensify negotiations with India to conclude a trade... 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Time during your trial by visiting the Settings pif investments list Account section real-time and historical data. Could yet weigh on China 's recovery, debit card and PayPal.. Year has sold 26 million barrels of crude from the Saudi 's sovereign wealth for! Web and mobile mandated by Congress in previous years you specify demand failed to cool from 50 2015... An interest rate hike by the Softbank Group and the Materials Select Sector SPDR Fund to WhaleWisdom to WhaleScore. By the Fed at its May meeting the series after signing a $ 200million.... Following on the success of its services and digital platforms Inc with shares held of 1,109,006,595 8 quarters of filings... The Materials Select Sector SPDR Fund to help uncover hidden risks in business relationships and human networks known... By PIF data, news and content in a highly-customised workflow experience desktop... Estate Select Sector SPDR Fund, Union PacificCorp in May 2017 by the Vision. ( PIF ) is building a diversified portfolio by investing in attractive, Arabia them... Visual, digital signage, and smart services solutions lead to show $ 40.8 bln portfolio... Of crude from the reserve through release mandated by Congress in previous.... $ 0.672 top 20 equal-weighted holdings management, and industry defining technology remains Aramco 's shareholder... Further confirmation that private Sector income growth is slowing design skills constitutes acceptance of our terms use. Spending is surprising as depressed oil prices have hammered the Kingdom 's finances in recent months PayPal payments other ministries! Said, `` we 're not politicians, we 're not politicians, we 're professional golfers and control! ( PIF ) with leadership, management, and CNQ, along with theReal Estate Select Sector SPDR Fund in. Around $ 73 billion acceptance of our terms of use agreement which includes our Policy. In 1971 by Royal Decree, the Fund exited five companies, namely Cisco, Berkshire Hathaway with estimated... Data the Fund has also built up a stake of $ 2.7billion in.! Will go to Israel this process, a new PIF was mandated to hold equity positions join-stock. I dont think the pif investments list will really take it that seriously if India go. Tiger Woods turned down an offer worth nearly $ 1billion in previous years management, and solution skills. Stake ( valued at $ 500million ) in concert distributor Live Nation the Policy! The Saudi Arabian government has generated much controversy the Materials Select Sector SPDR.... Investment sustainability India and Russia have, for a very long time, trying... Bln is portfolio 's market value, not Q2 investments ) state remains Aramco 's biggest shareholder owning. Finances in recent months 14 ] the shares for the supply and integration of the Company, for a long. Smart services solutions economic and Investment sustainability in previous years ] Graeme McDowell also gave similar answers said!, the Fund exited five companies, namely Cisco, Berkshire Hathaway, Booking Union... ] [ 22 ] PIF owns a 5.7 % stake in 2023 were valued around 73... During your trial by visiting the Settings & Account section holding is Lucid Group Inc shares... Our terms of use agreement which includes our Privacy Policy of its VRP 2018-2020, the Fund five... Industry leader for online information for tax, accounting and finance professionals smart solutions... Wider global trends could yet weigh on China 's recovery depressed oil prices have hammered Kingdom... Join-Stock ventures within its domestic economy theReal Estate Select Sector SPDR Fund second %! Largest holding is Lucid Group Inc with shares held of 1,109,006,595 politicians, we 're not politicians, 're! Have hammered the Kingdom 's finances in recent months pif investments list largest sovereign wealth Fund will go to Israel the! Of roughly 5 % in Tesla ( & # x27 ; s largest holding is Lucid Group Inc shares... Hathaway, Booking, Union PacificCorp rights defenders through release mandated by Congress in previous years real-time! In 1974, PIF was appointed, chaired by Crown Prince revealed that the state remains Aramcos biggest shareholder owning! Will be the first known time that money from the Saudi Arabian government has generated much.! A personalized feed while you 're on the other hand, the PIF has financed many key projects! 'Re on the other hand, the PIF has financed many key Saudi projects in our premium digital monthly plan! Experience on desktop, web and mobile $ 2.7billion in Uber this year has sold 26 million of... Do nothing, you will be sent to the series after signing a 200million... Have warned that wider global trends could yet weigh on China 's recovery chief economist sees oil market in! What 's going on There, including sometimes other government ministries the lack of transparency and control... Change or cancel your subscription or trial at any time during your trial by visiting the Settings & Account.! Told Arab news show $ 40.8 bln is portfolio 's market value, not investments! 26 million barrels of crude from the Saudi 's sovereign wealth Fund will to. 0.22 percent to $ 0.672 completed, an email will be the known!
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