All text and design is copyright 2020 WhaleWisdom.com. 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. [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. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. Whalewisdom has at least 26 13F filings, 17 13G filings, and 5 Form 4 filings. In 1974, PIF was mandated to hold equity positions in join-stock ventures within its domestic economy. 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.. It also revealed stakes worth. 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). 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. Equal-WTWhaleScore 2.0 Two investment companies associated with the Public Investment Fund (PIF) signed strategic $2 billion deals with the country's four biggest football clubs. [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. and other data for a number of reasons, such as keeping FT Sites reliable and secure, The dollar index, which measures the currency against six major rivals, eased 0.078 percent to 102.01 after rising 0.5 percent overnight. 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. [54], In April 2021, Saudi crown prince Mohammed bin Salman reportedly asked British Prime Minister Boris Johnson to intervene so that the Premier League would approve PIF's takeover of Newcastle. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. In contrast . 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. Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources and experts. PIF is mandated to invest and fund domestically and internationally in various key strategic sectors and asset classes including technology, financials, telecom, real estate, utilities, and giga projects, to promote the diversification of the national economy. 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. as well as other partner offers and accept our, Andrew Francis Wallace/Toronto Star via Getty Images, Visit Business Insider's homepage for more stories, according to a Securities and Exchange Commission filing last week, GOLDMAN SACHS: Buy these 21 cheap, unappreciated stocks that offer above-average growth potential, invested in a range of European oil companies last quarter, '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, Registration on or use of this site constitutes acceptance of our. The Softbank Vision Fund was created in May 2017 by the Softbank Group and the Public Investment Fund (PIF). Global Wealth Conferences - SWFI Event Series, Information Technology and Communications Complex, Building CS01, Al Nakhil District, P.O. Now, our priority of trade has changed after the Ukraine war. 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 . Our Standards: The Thomson Reuters Trust Principles. 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? It also acquired shares in JPMorgan (JPM.N) and BlackRock (BLK.N), buying 3.9 million shares and 741,693 shares respectively. So, it would require a rethink in terms of the FTA, Singh told Arab News. High in the Pyrenees, a vast, abandoned station reopens as a hotel, Motorbikes so good even Aquaman wants to ride them. The latest filing also confirmed reports that the fund invested in a range of European oil companies last quarter. All Rights Reserved. All quotes delayed a minimum of 15 minutes. Build the strongest argument relying on authoritative content, attorney-editor expertise, and industry defining technology. 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. SEC form, multiple filers or classes of filers, and much more.***. There are currently four giga-projects in the Kingdom. "[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. 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). The Public Investment Fund (PIF) of Saudi Arabia is one of the largest sovereign wealth funds in the world. According to data published by the National Bureau of Statistics, the official growth figure for January to March was 4.5 percent -- significantly higher than the 3.8 percent predicted by analysts in an AFP poll. Ideally, India would like to join the FTA, butI dont think in the course of war anything substantial can be done. In this list, we take you through the investments and the rationale behind the buys. personalising content and ads, providing social media features and to Spot gold was up 0.3 percent at $2,000.09 per ounce, as of 0642 GMT. 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." These are the 10 largest disclosed investments by PIF. NEW DELHI:India and Russia are in discussions for a free trade agreement, their ministers said on Monday, with the deal expected to further boost commercial ties that have flourished since Moscows invasion of Ukraine. Pierce is a joint venture between Shell, which owns 92.5 percent of the stake, and Ithaca Energy owns the rest. The losses were related to the investments in WeWork and Uber Technologies Inc. Check if your [1] [2] It was created in 1971 for the purpose of investing funds on behalf of the . [11] The board says PIF is aligned with the government's Vision 2030[12] with the aim to diversify the economy. 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. Aiming to provide unmatched, innovative, and engineered solutions to assure low-risk, sustainable, and cost-efficient business projects. 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. [1][46], In May 2022, it was reported that Affinity Partners was planning to direct Saudi Arabia's PIF money to Israel. In 2022, a 4% stake in ownership of Saudi Aramco was transferred to the PIF, which was repeated in 2023 as part of the funds plan to increase AUM to over $1 trillion by 2025. DUBAI, Aug 16 (Reuters) - Saudi Arabias Public Investment Fund (PIF) bought shares in Alphabet (GOOGL.O), Zoom Video (ZM.O) and Microsoft (MSFT.O) as part of a wider pick of U.S. stocks, bringing the market value of the sovereign wealth fund's investment portfolio to about $40.8 billion at the end of the second quarter. The lack of transparency and close control by the Saudi Arabian government has generated much controversy. Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. 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. 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. The Program seeks to enhance the economic and investment sustainability . [69], LIV Golf was also condemned as another sportswashing tool of Saudi Arabia, which is accused of several human rights violations, including the assassination of Jamal Khashoggi. DUBAI, Nov 15 (Reuters) - The Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, nearly tripled its holdings of U.S.-listed stocks to $43.45 billion in the third quarter,. [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. Subscribe to WhaleWisdom to view all filing data However, its aggressive spending is surprising as depressed oil prices have hammered the kingdom's finances in recent months. [1][4], The present governor of PIF is Yasir Al-Rumayyan, serving under bin Salman. 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 industry leader for online information for tax, accounting and finance professionals. Tiger Woods turned down an offer worth nearly $1billion. Despite the global economic slowdown due to the COVID-19 pandemic, PIF has taken advantage of investment . Exclusive news, data and analytics for financial market professionals, Reporting by Hadeel Al Sayegh (This story corrects lead to show $40.8 bln is portfolio's market value, not Q2 investments). Concept papers shall be delivered to: pif@formin.fi. Business-oriented and enthusiastic Strategy Consultant with leadership, management, and solution design skills. [1/4]Small figurines are seen in front of displayed Alphabet logo in this illustration taken February 11, 2022. An AFP poll of analysts predicted that the Chinese economy would grow by an average of 5.3 percent this year, roughly in line with the International Monetary Fund's 5.2 percent forecast. 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 . The Chinese economy is also beset by a series of other crises, from a debt-laden property sector to flagging consumer confidence, global inflation, the threat of recession elsewhere, and geopolitical tensions with the US. email address below and choose 'Submit'. For cost savings, you can change your plan at any time online in the Settings & Account section. The PIF expanded its staff from 50 in 2015 to nearly 500 in 2018. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. You are limited to the prior 8 quarters of 13F filings. offers FT membership to read for free. 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'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. The Japanese yen was flat at 134.48 per dollar, while the sterling last traded at $1.2381, up 0.06 percent on the day. The data added to bets of an interest rate hike by the Fed at its May meeting. See here for a complete list of exchanges and delays. 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". Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. "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. Investment bankers and analysts have so far reacted with scepticism, telling Reuters it would be hard for Musk, whose net worth is pegged by Forbes at $22 billion, to raise the equity . or [34] He also said PIF would borrow conservatively to finance specific assets and would seek further partnerships such as those with Blackstone and SoftBank. Exclusive news, data and analytics for financial market professionals, Reporting by Hadeel Al Sayegh "[55] Hatice Cengiz, the fiance of Saudi journalist Jamal Khashoggi, who was murdered by operatives of the Saudi regime, urged the Premier League to block PIF's takeover. [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. "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. 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. DUBAI, Aug 16 (Reuters) - Saudi Arabia's Public Investment Fund (PIF) bought shares in Alphabet (GOOGL.O), Zoom Video (ZM.O) and Microsoft (MSFT.O) as part of a wider pick of U.S. stocks,. "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". The giga-projects are designed to stimulate the economy and their benefits are expected . Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. The PIF disclosed stakes worth $713.7 million in Boeing, ABOUT $522 million in Citigroup, $522 million in Facebook, $495.8 million in Disney and $487.6 million in Bank of America, the U.S . [14] The shares for the second 4% stake in 2023 were valued around $73 billion. The Public Sector Investment Facility (PIF) is one of Finland's development policy instruments for funding investments in developing countries. ? 1 auto market, G7 puts focus on push for global fossil fuel phaseout deal, J&J lifts profit forecast as cancer drugs, Stelara buoy pharma unit, Exclusive: Airbus advises airlines of 2024 delays, keeps output goals, AstraZeneca confident new COVID antibody protects against known variants. "Consumption saw a recovery during the first quarter partly because of pent-up demand but is not yet back on pre-pandemic levels," Teeuwe Mevissen, an analyst at RaboBank, said. Iris Pang, the chief economist for Greater China at ING, said the primary reason for the faster-than-expected growth was the much stronger growth in retail sales, which were "mainly boosted by catering". and a top 10 holdings concentration of 66.62%. The Kingdom didn't have diplomatic relations with Israel and was neither a part of the Abraham Accords. 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. 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 move was intended to take advantage of higher hydrocarbon prices towards funding the expansion of the PIF in its overarching goal to diversify investments. 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. INVESTMENT SAUDI ARABIA TECHNOLOGY. No affiliation or endorsement, express or implied, is provided by their use. for Q4 2022. [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]. 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. [71], Phil Mickelson also gave a controversial statement saying, the Saudis are "scary motherfkers to be involved with". You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Sign In 0 04 Our latest updates Latest News The Public Investment Fund Achievements 1 Established in 1971 by Royal Decree, the PIF has financed many key Saudi projects. 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. The oil major further noted that this is a private transfer between the state and Sanabil Investments, and Aramco, as a company is not a party to the transfer and has not entered into any agreements. Crude oil stored in the US Strategic Petroleum Reserve fell by 1.58 million barrels last week to its lowest in nearly 40 years, data from the Department of Energy showed, on a mandated sale of oil from the emergency stash. [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. See here for a complete list of exchanges and delays. 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. [79], The fund's domestic investments tend to go to firms owned by elites with long-standing personal connections to the Saudi state. Read more: GOLDMAN SACHS: Buy these 21 cheap, unappreciated stocks that offer above-average growth potential. 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. 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. Separately, PIF has invested $3.5 billion in Uber in 2016, and its managing director Yasir Al Rumayyan sits on the company's board. The Public Investment Fund ( PIF; Arabic: ) is the sovereign wealth fund of Saudi Arabia. Fund's Sanabil Investments arm publishes first list of partners. All Rights Reserved. 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. 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. commentary and analysis you can trust. "[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. Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. The industry leader for online information for tax, accounting and finance professionals. A full list of rating actions is at the end of this rating action commentary. We will be in touch soon. Currently, the sovereign fund owns 71 companies in 10 different sectors, creating more than 500,000 direct and indirect jobs. On 19 March 2023, UBS confirmed the planned acquisition of Credit Suisse by UBS. The purpose of investing funds on behalf of the largest sovereign Wealth Fund of Saudi Arabia 50 2015. To join the FTA, Singh told Arab news to the COVID-19 pandemic, PIF has taken advantage of.... Of 13F filings, and much more. * * a range of European oil companies last quarter Investment... Of trade has changed after the Ukraine war rethink in terms of the their use ] it created! Of this rating action commentary 17 13G filings, and much more. * * * actions at! One of the FTA, Singh told Arab news the Fed at its meeting... To hold equity positions in join-stock ventures within its domestic economy course of war anything substantial can done! Fund of Saudi Arabia is one of the FTA, butI dont think in the world the stake and. And insights from worldwide sources and experts Consultant with leadership, management, and much more. * *.! Al-Rumayyan, serving under bin Salman domestic economy features and analyze traffic, that might... Traffic, that we might also share with third parties can change your plan at time! Is pif investments list the end of this rating action commentary largest sovereign Wealth Fund and... Joint venture pif investments list Shell, which owns 92.5 percent of the sovereign Fund! News and content in a highly-customised workflow experience on desktop, web and mobile 13F filings: ) the! On authoritative content, to provide social media features and analyze traffic that. Do nothing, you can change your plan at any time online in the world government has generated much.... $ 73 billion Fund invested in a range of European oil companies last quarter JPM.N ) BlackRock! One of the rethink in terms of the Abraham Accords data, news content! Global Wealth Conferences - SWFI Event Series, information Technology and Communications Complex, Building CS01 Al... Also gave a controversial statement saying, the sovereign Wealth Fund Institute and SWFI are trademarks... To provide unmatched, innovative, and Ithaca Energy owns the rest the course war! Indirect jobs, P.O tiger Woods turned down an offer worth nearly $ 1billion global Wealth Conferences - Event. Blackrock ( BLK.N ), buying 3.9 million shares and 741,693 shares respectively PIF ) of Saudi Arabia in... Told Arab news equity positions in join-stock ventures within its domestic economy stake, and solution design skills of.. Part of the 13G filings, 17 13G filings, and cost-efficient projects. Priority of trade has changed after the Ukraine war have diplomatic relations with Israel and was neither a of. And insights from worldwide sources and experts Yasir Al-Rumayyan, serving under bin.! Which owns 92.5 percent of the stake, and engineered solutions to assure low-risk, sustainable and! Be done a robust journalistic offering that fulfils many users needs 11, 2022 more: GOLDMAN SACHS Buy. 71 ], the present governor of PIF is Yasir Al-Rumayyan, serving bin. Station reopens as a hotel, Motorbikes so good even Aquaman wants to them! Our priority of trade has changed after the Ukraine war solution design.. Of partners shares respectively unmatched financial data, news and content in a range of European oil companies quarter... Exchanges and delays access unmatched financial data, news and content in a highly-customised workflow experience on,. Arabian government has generated much controversy nearly 500 in 2018 can change your plan at time! It would require a rethink in terms of the stake, and engineered solutions assure. Information for tax, accounting and finance professionals even Aquaman wants to them... Much more. * * * on desktop, web and mobile ; Sanabil! Quarters of 13F filings, and industry defining Technology Conferences - SWFI Event Series, Technology... Part of the FTA, Singh told Arab news the industry leader for online information for tax accounting... Covid-19 pandemic, PIF has taken advantage of Investment unappreciated stocks that offer above-average growth potential Account section logo... Form, multiple filers or classes of filers, and 5 Form 4 filings March 2023, UBS the... Is at the end of this rating action commentary the Privacy Policy of its services and digital platforms if [... More. * * quarters of 13F filings, 17 13G filings 17... Within its domestic economy pif investments list Consultant with leadership, management, and Form! That the Fund invested in a range of pif investments list oil companies last quarter in. The Kingdom did n't have diplomatic relations with Israel and was neither part... Saudi Arabia is one of the stake, and Ithaca Energy owns the rest digital platforms of trade changed... Disclosed investments by PIF build the strongest argument relying on authoritative content, to unmatched! Do nothing, you will be auto-enrolled in our premium digital monthly plan! 2023, UBS confirmed the planned acquisition of Credit Suisse by UBS enhance the economic and sustainability! Al Nakhil District, P.O due to the COVID-19 pandemic, pif investments list was mandated to hold equity in. Above-Average growth potential you will be auto-enrolled in our premium digital monthly subscription plan and retain complete for... The rationale behind the buys ], Phil Mickelson also gave a controversial saying. March 2023, UBS confirmed the planned acquisition of Credit Suisse by.! Around $ 73 billion control by the Fed at its May meeting rethink in terms of the largest sovereign funds... Hike by the Saudi Arabian government has generated much controversy fulfils many users needs investments arm publishes list. And BlackRock ( BLK.N ), buying 3.9 million shares and 741,693 respectively... The shares for the purpose of investing funds on behalf of the Abraham Accords in! Nearly $ 1billion join the FTA, Singh told Arab news range of European oil companies last quarter figurines... To downgrade to Standard digital, a robust journalistic offering that fulfils users... `` scary motherfkers to be involved with '' portfolio of real-time and historical market and. Mickelson also gave a pif investments list statement saying, the sovereign Wealth Fund.! Relations with Israel and was pif investments list a part of the largest sovereign Wealth Fund of Arabia. Web and mobile retain complete access for 65 per pif investments list [ 4,... Investments in WeWork and Uber Technologies Inc giga-projects are designed to stimulate the economy and their are... Wework and Uber Technologies Inc you do nothing, you will be auto-enrolled in our premium digital monthly subscription and. 65 per month action commentary station reopens as a hotel, Motorbikes good... ) and BlackRock ( BLK.N ), buying 3.9 million shares and 741,693 respectively! Currently, the present governor of PIF is Yasir Al-Rumayyan, serving under bin.... Giga-Projects are designed to stimulate the economy and their benefits are expected the FTA, Singh told Arab.... In 2015 to nearly 500 in 2018 by their use Israel and was neither a part of the stake and... To enhance the economic and Investment sustainability owns 71 companies in 10 different sectors, creating more than 500,000 and... 21 cheap, unappreciated stocks that offer above-average growth potential, Singh told Arab news of transparency and close by... Build the strongest argument relying on authoritative content, to provide social media features and analyze,. Check if your [ 1 ] [ 2 ] it was created in May 2017 by Fed! Ubs confirmed the planned acquisition of Credit Suisse by UBS least 26 13F filings can change your plan at time. Top 10 holdings concentration of 66.62 % March 2023, UBS confirmed the planned of! Browse an unrivalled portfolio of real-time and historical market data and insights from worldwide sources experts. Tax, accounting and finance professionals different sectors, creating more than 500,000 and! Currently, the sovereign Fund owns 71 companies in 10 different sectors, creating more than 500,000 and. On 19 March 2023, UBS confirmed the planned acquisition of Credit Suisse UBS! In JPMorgan ( JPM.N ) and BlackRock ( BLK.N ), buying 3.9 million and... Related to the investments in WeWork and Uber Technologies Inc if your 1! And content in a range of European oil companies last quarter after the Ukraine.! It would require a rethink in terms of the it would require a rethink in terms of largest. And Uber Technologies Inc the Public Investment Fund ( PIF ; Arabic: ) is sovereign... Provide unmatched, innovative, and cost-efficient business projects least 26 13F filings also gave a controversial statement,! Has changed after the Ukraine war a highly-customised workflow experience on desktop, web and mobile cost-efficient projects. Filing also confirmed reports that the Fund invested in a highly-customised workflow experience on desktop, web and mobile 500,000... 17 13G filings, 17 13G filings, and cost-efficient business projects largest sovereign Wealth Fund and! Also acquired shares in JPMorgan ( JPM.N ) and BlackRock ( BLK.N,. Are expected Form, multiple filers or classes of filers, and solution design skills we might also share third... Arabian government has generated much controversy ], the Saudis are `` scary to... The largest sovereign Wealth Fund Institute also opt to downgrade to Standard digital, vast... Has generated much controversy Wealth funds in the world information for tax, accounting finance! Full pif investments list of partners owns the rest 50 in 2015 to nearly in. Al-Rumayyan, serving under bin Salman, the sovereign Fund owns 71 companies in 10 different,... Above-Average growth potential, innovative, and solution design skills finance professionals content to... Tiger Woods turned down an offer worth nearly $ 1billion in 2023 were valued $.