Yasir Al-Rumayyan Archives

Saudi Arabia's Public Investment Fund (PIF)

Saudi Arabia’s PIF pivots to domestic focus, eyes AI revolution, says Al-Rumayyan

Tue 29 Oct 2024Tue 29 Oct 2024

The fund is reportedly in early discussions about a potential AI partnership worth up to $40 billion with venture capital giant Andreessen Horowitz

PIF Saudi Arabia Voluntary Carbon Market VCM

ACWA Power

Saudi giants ink deal with PIF as first partners in MENA Voluntary Carbon Market

Written by Anup Oommen

Wed 23 Mar 2022Wed 23 Mar 2022

The first five partners for the Voluntary Carbon Market are Aramco, SAUDIA, ACWA Power, Ma’aden, and ENOWA, which is a subsidiary of NEOM.

Newcastle Utd confirm legal move over failed $460m Saudi takeover bid

English Premier League

Saudi wealth fund completes deal for Newcastle United FC

Written by Staff Writer

Thu 7 Oct 2021Fri 29 Oct 2021

The head of the Public Investment Fund, Yasir Al Rumayyan, will become a non-executive chairman of the Premier League club

ESG in the Middle East

Saudi Arabia’s sovereign wealth fund plans first green bond

Written by Staff Writer

Tue 21 Sep 2021Fri 29 Oct 2021

Public Investment Fund will announce the green issuance ‘very soon’. according to governor Yasir Al-Rumayyan

Oil-to-chemicals is Reliance’s key business, contributing about 60 percent of the conglomerate’s revenue in the year ended March. Image: Bloomberg

Mukesh Ambani

Indian giant Reliance Industries to formalise partnership deal with Saudi Aramco this year, says chairman Mukesh Ambani

Written by ITP

Thu 24 Jun 2021Wed 6 Oct 2021

Ambani also announced the joining of Yasir Al-Rumayyan, chairman of Saudi Aramco and the governor of the Public Investment Fund, on the board of Reliance as an independent director

The wealth fund is a key lever for the kingdom’s efforts to revive growth after what may be the deepest recession the world’s largest crude exporter has experienced in decades.

Public Investment Fund

Saudi wealth fund appoints deputy governors to spur growth

Written by Bloomberg

Tue 8 Jun 2021Wed 6 Oct 2021

Turqi Alnowaiser and Yazeed Alhumied will take on the new roles alongside their current responsibilities

Electric Sea Racing Limited

Saudi fund agrees deal to create world’s first electric powerboat racing competition

Written by Staff writer

Mon 7 Jun 2021Wed 6 Oct 2021

Public Investment Fund’s deal with Electric Sea Racing Limited was revealed on Monday during a virtual launch event

Public Investment Fund

Saudi’s sovereign wealth fund strikes $15bn loan to finance new deals

Written by ITP

Wed 10 Mar 2021Wed 6 Oct 2021

Multi-currency revolving credit facility has been agreed with banks from Asia, the Middle East, Europe, the UK and US

Golf Saudi

Golfing legend Jack Nicklaus to design course in Saudi Arabia’s Qiddiya

Written by Staff writer

Tue 2 Feb 2021Wed 6 Oct 2021

Greatest-ever golfer confirms he is working on plans to create championship course as part of Saudi entertainment capital

Head of the kingdom’s wealth fund, Yasir Al-Rumayyan.

Lucid Motors

Saudi wealth fund is upbeat on deals for local manufacturing

Written by Bloomberg

Wed 27 Jan 2021Wed 6 Oct 2021

Yasir Al-Rumayyan said the PIF is also in a ‘very advanced stage’ of negotiating joint ventures as part of a partnership that could ease the path for foreign companies

Saudi Arabia sees 'stronger' Q3 economic recovery from coronavirus turmoil

Leadership reshuffled

Saudi wealth fund reshuffles leadership roles

Written by Bloomberg

Tue 22 Dec 2020Wed 6 Oct 2021

$360bn Public Investment Fund is a key lever for the kingdom’s efforts to revive growth

Public Investment Fund

Saudi wealth fund targets $2.7trn assets amid rapid growth

Written by Bloomberg

Fri 18 Dec 2020Wed 6 Oct 2021

$350bn Public Investment Fund is a key lever for Crown Prince Mohammed bin Salman to revive growth

Amin Nasser

Saudi Aramco IPO: Everything you need to know

Written by ITP

Tue 12 Nov 2019Wed 6 Oct 2021

Saudi Aramco will allow investors to start bidding for shares in the world’s most-profitable company from November 17.

Amin Nasser

In pictures: Saudi Aramco announces details of IPO in Dhahran

Written by ITP

Mon 4 Nov 2019Tue 19 Oct 2021

Saudi Arabia’s energy giant Aramco on Sunday announced its intention to sell a total of five percent on two exchanges, with a first listing of two percent on the Tadawul Saudi bourse followed by a three percent listing on an overseas exchange.