PIF
Crown Prince Launches CEER EXOBOT Flagship Electric Vehicles
Saudi Arabia has revealed the CEER EXOBOT electric sedan and SUV, representing the first flagship models from the Kingdom’s national automotive manufacturer.
Mohamed Ghamdi ·
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AMD and Saudi PIF Entity HUMAIN Launch $10 Billion AI Computing Venture
AMD and Saudi PIF-backed HUMAIN announced a $10 billion joint venture to build 500MW of AI infrastructure across Saudi Arabia and the United States.
AMD and HUMAIN Launch AI in a Box for Saudi Enterprises
AMD and HUMAIN have launched AI in a Box to provide turnkey computing hardware for enterprises deploying artificial intelligence in Saudi Arabia.
PIF and Talaat Moustafa Group Saudi Sign MoU for Real Estate Projects
PIF and Talaat Moustafa Group Saudi have signed a non-binding MoU to collaborate on mixed-use real estate projects across the Kingdom.
PIF Named Official Tournament Supporter of FIFA World Cup 2026
PIF becomes an Official Tournament Supporter of FIFA World Cup 2026 in North America and Asia, partnering with Savvy Games Group and Qiddiya City to drive fan engagement and football growth globally.
elm Wins Corporate Culture Award at PIF Partners’ Forum
elm received the Corporate Culture Award at the PIF Partners’ Forum in Riyadh, recognizing its strong employee engagement and workplace environment standards.
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DAN Signs Strategic Tourism and Agriculture MoUs at PIF Private Sector Forum 2026
DAN signs two strategic MoUs with DRB Arabia and Fresh On Table at PIF Private Sector Forum 2026, advancing agritourism and farm-to-table initiatives in Saudi Arabia.
Saudi CEOs Face Historic Opportunity and Challenge in AI-Driven Digital Transformation
Artificial intelligence (AI) is driving a global race to shape the future of organizations. Saudi Arabia is a front-runner in this race, and success in AI has become entwined with the Kingdom’s national goals. For CEOs of Saudi organisations the stakes have never been higher. Successfully reshape your enterprise to be an early adopter or […]
Alat & TK Elevator Secure Approvals for €160M Saudi JV
Riyadh, Saudi Arabia, August 5, 2025 – Alat, a PIF company, and TK Elevator (TKE), a global leader in vertical transportation and urban mobility, today confirmed receipt of all statutory and regulatory approvals required to close their €160 million joint venture (JV) and Alat’s 15% equity investment in TKE. The approvals mark the completion of […]
PIF launches Al Waha, first Saudi-owned duty-free retailer
PIF today announced the establishment of Al Waha Duty-Free Company (Al Waha), a travel retailer and the first Saudi-owned duty-free operator. Al Waha, a wholly owned PIF company, will become a leader in travel retail and secure a greater share of passenger spending for the Saudi economy. Al Waha will develop luxury retail outlets in […]
PIF launches third edition of Private Sector Forum; 100 portfolio companies showcased
PIF today launched its third Private Sector Forum, along with an accompanying exhibition, at Riyadh’s King Abdulaziz International Conference Center. The forum, which takes place on February 12-13, is the largest platform of its kind in Saudi Arabia and is dedicated to enhancing partnerships and creating opportunities for the local private sector. The event is […]
PIF announces pricing of $4 billion bond offering
PIF announced that it has successfully completed the pricing of a $4 billion Reg S bond issuance. Proceeds from the issuance will be utilized for general corporate purposes. The international bond offering is part of PIF’s Euro Medium-Term Note Program and was four times oversubscribed, with an order book of approximately $16 billion. The issuance […]
PIF and Elm sign agreement for Elm to acquire Thiqah
PIF and Elm, a leading digital solutions company, today signed a share sale and purchase agreement for Elm to acquire Thiqah Business Services Company – a firm specializing in smart technology solutions for business services – in a deal valued at $907 million (SAR 3.4 billion). Completion is expected once regulatory approvals are obtained and […]
PIF announces completion of investment in Saudi Reinsurance Company
PIF announced today that it has acquired a 23.08% stake in Saudi Reinsurance Company (Saudi Re) by way of a capital increase and subscription to new shares, with the suspension of preemptive rights in accordance with Capital Market Authority regulations. PIF’s capital investment aims to enhance Saudi Re’s growth potential by adding to its financial […]
PIF completes $7 billion inaugural murabaha credit facility
PIF today announced its first murabaha credit facility for the sum of $7 billion, as part of its medium-term capital raising strategy. The financing structure is supported by a diverse syndicate of 20 international and regional financial institutions. Fahad AlSaif, PIF’s Head of the Global Capital Finance Division and Head of Investment Strategy and Economic […]