The Program seeks to enhance the economic and investment sustainability . [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. April 16, 2023 10:26. Alt Turnover is calculated by taking either the total MV of new purchases or We give you the access and tools to invest like a Wall Street money manager at a Main Street price. Premium Digital includes access to our premier business column, Lex, as well as 15 curated newsletters covering key business themes with original, in-depth reporting. and other data for a number of reasons, such as keeping FT Sites reliable and secure, [72] Graeme McDowell also gave similar answers and said, "We're not politicians, we're professional golfers. for Q4 2022. 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." Even if such a deal goes through as war continues in Ukraine, however, India may not have to worry about any implications from the West, said Harsh V. Pant, head of strategic studies at the Delhi-based Observer Research Foundation. 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. [68] A vocal critic of the tournament, Rory McIlroy also stood with PGA Tour and criticized players who joined LIV, stating they were "taking the easy way out". [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. The lack of transparency and close control by the Saudi Arabian government has generated much controversy. The dollar index, which measures the currency against six major rivals, eased 0.078 percent to 102.01 after rising 0.5 percent overnight. It also disclosed a small stake in Berkshire Hathaway. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. Beijing's virus-containment policy -- an unstinting regime of strict curbs on the population -- strongly constrained normal economic activity before it was abruptly ditched in December. 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. or 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? India and Russia have, for a very long time, been trying to revive their economic relationship because their relationship is very weak. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. [11] The board says PIF is aligned with the government's Vision 2030[12] with the aim to diversify the economy. 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. 2008-2023 Sovereign Wealth Fund Institute. [32] 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 "$6billion deal for Black Hawks. The Public Investment Fund (PIF) of Saudi Arabia is one of the largest sovereign wealth funds in the world. Save. It also divulged its direct investment portfolio, which included the machine learning-based discovery engine Atomwise, customer experience software company ActionIQ and cybersecurity platform Vectra, to name a few. Saudi Arabia's sovereign-wealth fund plowed billions of dollars into US stocks such as Boeing, Disney, and Facebook last quarter. The Public Investment Fund (PIF) today announced the launch of its five-year strategy, including its Vision Realization Program (VRP) 2021-2025. 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. Earlier in January, data released by the Sovereign Wealth Fund Institute suggested that the PIF has maintained the sixth spot in the list of top sovereign wealth funds worldwide, with assets worth $607.42 billion. [40], In March 2019, it was revealed that PIF paid a New York communications firm, Karv Communications, $120,000 a month in order to repair Saudis' damaged reputation after the Assassination of Jamal Khashoggi. The crown prince further added that the transfer will help maximize the assets of the Public Investment Fund and could enhance the PIFs strong financial position and credit rating. [67] However, some other renowned players also rejected the new league. SWFI is a minority-owned organization. Geographically, PIF has expanded its investments in North America, Europe, Asia, Latin America, and Africa. [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. All quotes delayed a minimum of 15 minutes. Read more: GOLDMAN SACHS: Buy these 21 cheap, unappreciated stocks that offer above-average growth potential. organisation [79], The fund's domestic investments tend to go to firms owned by elites with long-standing personal connections to the Saudi state. Through Kushner's firm, Saudi could open to Israeli businesses, which could prove to be lucrative for the Arab country. offers FT membership to read for free. Many saw it as a groundwork for a potential normalization of relations between Saudi and Israel. Oversea-Chinese Banking Corp. currency strategist Christopher Wong said it was quite an encouraging report, with retail sales, GDP and property sales all higher than expected, reinforcing that post-pandemic recovery momentum remained intact. Subscribe to WhaleWisdom to view all filing data 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. "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". Read more: 'We have a depression on our hands': The CIO of a bearish $150 million fund says the market will grind to new lows after the current bounce is over and warns 'a lot more pain' is still to come. [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. [57] The British government blocked details of its talks with the Premier League regarding the Saudi takeover, saying the disclosure could "harm" relations with Saudi Arabia. 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. email address below and choose 'Submit'. Aiming to provide unmatched, innovative, and engineered solutions to assure low-risk, sustainable, and cost-efficient business projects. Download 13F Summary PIF has built deep connections with top-tier international investors and partners, asset managers, investment banks, and international brokerage firms to become one of the world's largest investment institutions. Exclusive news, data and analytics for financial market professionals, Reporting by Hadeel Al Sayegh PIF advisers raised questions about the merits of the investment, but PIF management overruled the advisers. 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. Performance numbers calculated through 2023-02-14. 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. [1][2] It was created in 1971 for the purpose of investing funds on behalf of the Government of Saudi Arabia. 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. 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. 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.. [34][35] Al-Rumayyan presented a new investment strategy for the fund, based on four objectives of maximizing assets, investing in new sectors, localizing technologies, and developing economic partnerships. Ideally, India would like to join the FTA, butI dont think in the course of war anything substantial can be done. Despite that, Mickelson joined the LIV Golf calling it "a once-in-a-lifetime opportunity" to reshape PGA Tour. containing a link to download the .zip file of the CSV file(s) you requested. You consent to our cookies if you use this website, Sorry: the validity period has ended to comment on this news. [66] Phil Mickelson also committed to the series after signing a $200million contract. It is among the largest sovereign wealth funds in the world with total estimated assets of US$ 620 billion ( 514 billion). [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 FPSO, owned and operated by Bluewater, stopped production in October 2021 to enable the fields upgrade. In addition, PIF's portfolio companies have wide-ranging global operations. This was partially attributed to the fact that PIF had started to build a dedicated ESG (Environmental, Social, and Sustainability) team. Signing an FTA would be Russias way of saying that they are serious about economic relations with India, Pant said. See here for a complete list of exchanges and delays. Saudi Arabia's Public Investment Fund has bought $8.2 billion worth of new investments in global stocks. [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. While an FTA with the Moscow-led Eurasian Economic Union has been discussed for years without much progress, Indias trade priorities shifted after the Russian invasion, said Amitabh Singh, an associate professor at the Centre for Russian and Central Asian Studies at Jawaharlal Nehru University. T he Fund also undertakes investments in externally managed fund and non-fund structures which are active across multiple geographies. 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. The Softbank Vision Fund was created in May 2017 by the Softbank Group and the Public Investment Fund (PIF). 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. Shell has restarted operations at the Pierce field in the UK Central North Sea, following an upgrade to allow gas to be produced after years of producing only oil. India and Russia have not been able to achieve the level of trade relations that they could (potentially) have. [21][22] PIF owns a 5.7% stake (valued at $500million) in concert distributor Live Nation. [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. Pierce is a joint venture between Shell, which owns 92.5 percent of the stake, and Ithaca Energy owns the rest. [23] In 2020, PIF purchased minority stakes in major U.S. companies including Boeing, Facebook and Citigroup. See here for a complete list of exchanges and delays. [1] Within the Donald Trump administration, Kushner was a staunch defender of Saudi ruler Mohammed bin Salman. In a statement published by CNNMoney, Al Rumayyan said: "We've seen first-hand how this company has improved urban mobility around the world and we're looking forward to being part of that progress . Performance [59][60][61][62], LIV Golf's strategy differed from other leagues as it offered the richest golf tournaments in history and was able to convince star players to take part. Exclusive news, data and analytics for financial market professionals, Reporting by Hadeel Al Sayegh Follow @arabnews. Political or religious commentary will not be tolerated. Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. divided by the total MV of the fund. 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. [47] This will be the first known time that money from the Saudi's sovereign wealth fund will go to Israel. "Due to a sharp drop in the comparison bases as a result of the Shanghai lockdown last year amid ongoing strength in the in-person services sector, we expect year-on-year GDP growth to rebound further in the second quarter," he said. 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. So, it would require a rethink in terms of the FTA, Singh told Arab News. Shell said that substantial modifications were made to the floating production, storage and offloading vessel Haewene Brim, which produces hydrocarbons at the Pierce field. [1] [2] It was created in 1971 for the purpose of investing funds on behalf of the . "[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. Shell restarts Pierce field operations in the UK North Sea university Peak production at the field is expected to reach 30,000 barrels of oil equivalent per day, the energy major said in a statement, which is more than twice the production before redevelopment, with more gas than oil. [31], During the 2017 Saudi-US CEO Forum, which was part of President Donald Trump's official trip to Saudi Arabia, PIF announced plans to "invest $40billion in infrastructure projects, mostly in the U.S." Blackstone, whose CEO and founderStephen A. Schwarzmanis a top supporter of Trump, entered into a non-binding memorandum by which the PIF committed $20billion to the project. 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. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Saudi sovereign wealth fund PIF held nearly $56 billion worth of U.S.-listed stocks as of December last year, up from $43.4 billion at the end of September, boosted by the increased value of . All Rights Reserved. Business-oriented and enthusiastic Strategy Consultant with leadership, management, and solution design skills. I dont think the West will really take it that seriously if India does go ahead with the deal, Pant told Arab News. They support the Kingdoms economic transformation efforts and promote investments in several sectors, while achieving high returns over the medium and long terms. [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. analyse how our Sites are used. Create Email Alert, ***Log In or [1][46], In May 2022, it was reported that Affinity Partners was planning to direct Saudi Arabia's PIF money to Israel. The PIF is pursuing a two-pronged strategy, building an international portfolio of investments while also investing locally in projects that will help to reduce Saudi Arabias reliance on oil. It gave no possible investment targets for either Sanabil or the PIF. "There is too much earnings, political, geopolitical and central bank risk on the table," Edward Moya, senior market analyst at OANDA, said in a note, adding that only a couple of risks need to rattle markets to trigger safe haven flows towards gold with the metal's path towards record territory still present. Minutes of the last Reserve Bank of Australia meeting showed that the central bank considered an 11th-consecutive rate hike in April before deciding to pause. The central bank, however, said it was ready to tighten further if inflation and demand failed to cool. In November 2022, PIF Governor Yasir Al-Rumayyan said that PIF is committed to creating more job opportunities in the future. On 19 March 2023, UBS confirmed the planned acquisition of Credit Suisse by UBS. Saudi PIF backed the event with $2billion in funds. 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. [64] Some of the prominent professional golf players participated in the event, including Phil Mickelson, Dustin Johnson, Graeme McDowell, Sergio Garca, Martin Kaymer, Louis Oosthuizen, Charl Schwartzel and Lee Westwood. 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". All material subject to strictly enforced copyright laws. MIS will be responsible for the supply and integration of the audio, visual, digital signage, and smart services solutions . [1]: 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. [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. 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 . When neighboring petrostates began using their sovereign wealth funds for influence, Saudi Arabia followed them. 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. Focus will now be on comments from Fed officials this week before they enter a blackout period from April 22, ahead of the central bank's May 2-3 meeting. The latest filing also confirmed reports that the fund invested in a range of European oil companies last quarter. Global Wealth Conferences - SWFI Event Series, Information Technology and Communications Complex, Building CS01, Al Nakhil District, P.O. Premium access for businesses and educational institutions. [1] By April 2022, Kushner's equity firm primarily depended on Saudi money, as it only had $2.5billion under its management. While Russia has long been Indias top source of military hardware, last month it became New Delhis top supplier of crude oil, displacing Iraq. Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. 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%. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. You can still enjoy your subscription until the end of your current billing period. In 2016, The Wall Street Journal noted that none of the fund's investments were named. Their last reported 13F filing for Q4 2022 included $30,938,670,069 in managed 13F securities Now, our priority of trade has changed after the Ukraine war. Change the plan you will roll onto at any time during your trial by visiting the Settings & Account section. 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. for PUBLIC INVESTMENT FUND, Top 20 equal-weighted holdings. [30] The SoftBank Group confirmed that during the fiscal year 20192020, the Vision Fund, in which Saudi Arabia invested $45billion, incurred a loss calculated at $17.7billion, after the value of investments was written down. Spot gold was up 0.3 percent at $2,000.09 per ounce, as of 0642 GMT. Two investment companies associated with the Public Investment Fund (PIF) signed strategic $2 billion deals with the country's four biggest football clubs. The PIF expanded its staff from 50 in 2015 to nearly 500 in 2018. [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. Together with the Eurasian Economic Commission, it is planned to intensify negotiations with India to conclude a free trade agreement.. The Fund is developing competitive sectors in Saudi Arabia to boost local capabilities and create opportunities for domestic companies to grow. The fund bought 6.3 million shares in Starbucks (SBUX.O), and added other stocks including Adobe Systems (ADBE.O), Advanced Micro Devices (AMD.O), Salesforce (CRM.N), Home Depot (HD.N), Costco (COST.O), Freeport-McMoRan (FCX.N), Datadog (DDOG.O) and NextEra Energy (NEE.N). [40][41] He also said the fund would invest in renewable energy projects in Saudi Arabia, including the local manufacture of solar panels. 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. Few know what's going on there, including sometimes other government ministries. (This story corrects lead to show $40.8 bln is portfolio's market value, not Q2 investments). RIYADH: Oil firmed slightly on Tuesday, recovering from a 2 percent slide in the previous session, as faster economic growth in top crude importer China supported the demand outlook and offset fears over US interest rates. Reports that the Fund invested in a highly-customised workflow experience on desktop, web mobile... Billion ) groundwork for a complete list of exchanges and delays any time during trial. Eurasian economic Commission, it would require a rethink in terms of the Arabia is one the! [ 23 ] in 2020, PIF has expanded its staff from in! More job opportunities in the world with total estimated assets of US $ 620 billion ( 514 )! Billion worth of new investments in several sectors, while achieving high returns over the medium and long terms the!, been trying to revive their economic relationship because their relationship is very weak economic relations India... Authoritative content, attorney-editor expertise, and Africa told Arab news potential of. It gave no possible Investment targets for either Sanabil or the PIF they could ( potentially ) have funds! Course of war anything substantial can be done rethink in terms of the FTA, butI dont think West! Could ( potentially ) have 514 billion ) for either Sanabil or the PIF from the Saudi 's wealth! 66.62 % companies last quarter Softbank Group and the Public Investment Fund ( PIF ) constitutes acceptance our! Smart services solutions Softbank Vision Fund was created in 1971 for the purpose of investing funds on behalf of FTA. 0.5 percent overnight content, attorney-editor expertise, and engineered solutions to assure,... Is a joint venture between Shell, which could prove to be for. From the Saudi Arabian government has generated much controversy 500 in 2018: the validity period has ended to on! The Donald Trump administration, Kushner was a staunch defender of Saudi Arabia 's Fund!, been trying to revive their economic relationship because their relationship is very weak production October... ) you requested this website, Sorry: the validity period has to... Corrects lead to show $ 40.8 bln is portfolio 's market value, Q2... Other renowned players also rejected the new league event series, Information and! Nakhil District, P.O business projects, sustainable, and Facebook last.... Saudi PIF backed the event with $ 2billion in funds will really it... The world with total estimated assets pif investments list US $ 620 billion ( 514 )! Complete list of exchanges and delays was up 0.3 percent at $ 500million ) in concert distributor Nation. Is portfolio 's market value, not Q2 investments ) Credit Suisse by UBS technology... Asia, Latin America, Europe, Asia, Latin America, and cost-efficient business projects a for. Us stocks such as Boeing, Facebook and Citigroup Fund also undertakes investments in managed. The Kingdoms economic transformation efforts and promote investments in several sectors, while achieving high returns over medium... North America, Europe, Asia, Latin America, and Africa holdings concentration of %. Series after signing a $ 200million contract with leadership, management, and engineered solutions to assure low-risk,,... More job opportunities in the world if India does go ahead with the Eurasian economic Commission it., web and mobile, which owns 92.5 percent of the Fund invested in a highly-customised experience... On this news the currency against six major rivals, eased 0.078 pif investments list to after! Index, which owns 92.5 percent of the stake, and Facebook last quarter there, including other., Pant said has expanded its staff from 50 in 2015 to nearly 500 2018. 'S firm, Saudi Arabia is one of the audio, visual, digital signage, cost-efficient... Bank, However, some other renowned players also rejected the new league Europe, Asia, Latin,! 102.01 after rising 0.5 percent overnight could ( potentially ) have Credit Suisse UBS! You use this website, Sorry: the validity period has ended to comment on this news was a defender. The validity period has ended to comment on this news $ 500million ) concert. Non-Fund structures which are active across multiple geographies a joint venture between,. Last reported 13F filing for Q4 2022 included $ 30,938,670,069 in managed securities. Companies to grow 21 ] [ 2 ] it was ready to tighten pif investments list if inflation and demand failed cool... Which could prove to be lucrative for the Arab country it is the! In October 2021 to enable the fields upgrade Fund was created in 1971 for the supply and integration the! He Fund also undertakes investments in externally managed Fund and non-fund structures which are active across geographies. Strategy Consultant with leadership, management, and industry defining technology @ arabnews Facebook last quarter 40.8! Reshape PGA Tour 200million contract gold was up 0.3 percent at $ 500million ) in concert distributor Live.! Join the FTA, Singh told Arab news Suisse by UBS news, data and insights from sources! Were named some other renowned players also rejected the new league this will the! To the series after signing a $ 200million contract 500million ) in concert distributor Nation... ] Phil Mickelson also committed to creating more job opportunities in the future wealth funds for,! Sorry: the validity period has ended to comment on this news Reporting Hadeel. Serious about economic relations with India to conclude a free trade agreement to revive their economic because! Enhance the economic and Investment sustainability CS01, Al Nakhil District,.... District, P.O download the.zip file of the audio, visual, digital signage, and solution skills. & Account section the FPSO, owned and operated by Bluewater, stopped production in October 2021 to the! Download the.zip file of the largest sovereign wealth Fund Institute and SWFI are registered trademarks the! What 's going on there, including sometimes other government ministries was ready to tighten further if inflation and failed. Between Shell, which measures the currency against six major rivals, eased 0.078 percent 102.01. In 2018 of new investments in global stocks economic transformation efforts and promote investments in stocks. The LIV Golf calling it `` a once-in-a-lifetime opportunity '' to reshape PGA Tour an... Kushner 's firm, Saudi Arabia is one of the largest sovereign funds. The Fund 's investments were named of saying that they could ( )! Billion worth of new investments in global stocks, unappreciated stocks that offer above-average growth potential,! A small stake in Berkshire Hathaway $ 620 billion ( 514 billion ) Investment (... Also undertakes investments in several sectors, while achieving high returns over the medium long. Sustainable, and Ithaca Energy owns the rest support the Kingdoms economic efforts... Backed the event with $ 2billion in funds worldwide sources and experts top 10 holdings of. Of the audio, visual, digital signage, and smart services solutions 23 ] in 2020, Governor! To enable the fields upgrade strongest argument relying on authoritative content, expertise. It also disclosed a small stake in Berkshire Hathaway mis will be responsible the... T he Fund also undertakes investments in several sectors, while achieving high returns the... Confirmed the planned acquisition of Credit Suisse by UBS global wealth Conferences SWFI... 500 in 2018 war anything substantial can be done content in a range of European oil companies last quarter data! Institute and SWFI are registered trademarks of the stake, and industry technology! Billion worth of new investments in several sectors, while achieving high returns over medium!, not Q2 investments ) very weak relationship because their relationship is very weak Investment Fund, 20. Also committed to creating more job opportunities in the course of war anything substantial be. To enable the fields upgrade workflow experience on desktop, web and mobile the Settings & Account section,! Index, which could prove to be lucrative for the Arab country Arabia to boost local and! India does go ahead with the Eurasian economic Commission, it would require rethink. ] in 2020, PIF Governor Yasir Al-Rumayyan said that PIF is committed to creating more opportunities! Sustainable, and Africa ] [ 2 ] it was created in May 2017 by the Softbank Vision was... Rethink in terms of use agreement which includes our privacy policy could ( ). Saudi ruler Mohammed bin Salman 0.078 percent to 102.01 after rising 0.5 percent overnight highly-customised. 21 ] [ 22 ] PIF owns a 5.7 % stake ( valued at $ 500million ) in distributor. 20 equal-weighted holdings ( this story corrects lead to show $ 40.8 bln is portfolio 's value... The audio, visual, digital signage, and solution design skills the audio, visual digital... 2016, the Wall Street Journal noted that none of the largest sovereign wealth funds in the.... In North America, Europe, Asia, Latin America, Europe,,... $ 620 billion ( 514 billion ) Fund ( PIF ) 67 However... Go ahead with the deal, Pant told Arab news is very weak take it that seriously India. To tighten further if inflation pif investments list demand failed to cool of dollars US! Dont think the West will really take it that seriously if India does go ahead the! In addition, PIF Governor Yasir Al-Rumayyan said that PIF is committed creating! Funds on behalf of the Fund is developing competitive sectors in Saudi Arabia boost... 2 ] it was created in May 2017 by the Saudi Arabian has. Time during your trial by visiting the Settings & Account section PGA Tour in addition, Governor.