Accessibility helpSkip to navigationSkip to contentSkip to footer
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign In
  • Home
  • World
    Sections
    • World Home
    • Middle East war
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    Most Read
    • Mitch McConnell: ‘We’re in a very, very dangerous world right now’
    • Luxury real estate brokers charged with sex trafficking
    • Ayatollah Khamenei defiant even as Iran evacuates thousands from Syria
    • The western myth of the ‘guy we can do business with’
    • US inflation rose to 2.7% in November
  • UK
    Sections
    • UK Home
    • UK Economy
    • UK Politics
    • UK Companies
    • Personal Finance
    Most Read
    • Business leaders warn Reeves about the impact of her Budget tax rises
    • More than 10,000 UK civil service jobs to be cut
    • Measures to boost housebuilding in England risk being thwarted
    • Reckoning with an era of slow growth
    • Keir Starmer to hold talks with the EU on defence co-operation
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • Luxury real estate brokers charged with sex trafficking
    • David Bonderman, private equity pioneer and TPG co-founder, dies
    • BlackRock’s billionaire bonanza
    • The AI agents are coming
    • Private equity firms Ares and Arctos buy NFL team stakes
  • Tech
    Sections
    • Tech Home
    • Artificial intelligence
    • Semiconductors
    • Cyber Security
    • Social Media
    Most Read
    • The AI agents are coming
    • Google races to bring AI-powered ‘agents’ to consumers
    • SpaceX’s valuation soars to $350bn in employee share deal
    • Microsoft’s Suleyman hires ex-DeepMind staff for AI health unit
    • Hackers take a bite out of Krispy Kreme
  • Markets
    Sections
    • Markets Home
    • Alphaville
    • Markets Data
    • Crypto
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Wealth Management
    • Moral Money
    • ETF Hub
    • Fund Management
    • Trading
    Most Read
    • BlackRock’s billionaire bonanza
    • The astonishing success of Eurozone bailouts
    • The criminal’s ‘go-to cryptocurrency’ has a new friend in the White House
    • New eras, same bubbles: the forgotten lessons of history
    • Exxon cranks up oil output despite fears of supply glut
  • Climate
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
    Most Read
    • The western myth of the ‘guy we can do business with’
    • BlackRock’s billionaire bonanza
    • The astonishing success of Eurozone bailouts
    • The AI agents are coming
    • New eras, same bubbles: the forgotten lessons of history
  • Lex
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Europe's Start-Up Hubs
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    • Working It
    Most Read
    • Nasdaq’s diversity board rules struck down by US court
    • Winner Parmy Olson on AI: ‘It’s not uncontrollable’
    • Pay UK bosses like football stars, says Lord Spencer
    • Remote and offshore work could hurt audit quality, US regulator warns
    • Obsessed with: Vancouver’s top-quality — and inexpensive — sushi
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
    Most Read
    • Mitch McConnell: ‘We’re in a very, very dangerous world right now’
    • Thought the petrol Jaguar was dead? Think again
    • What if ticketing fees actually did some good? Humanitix has the answer
    • Recipe Club: Bob Bob Ricard’s chicken and champagne pie
    • Darkenbloom — a reckoning with Austria’s 20th-century history
  • HTSI
MenuSearch
  • Home
  • World
  • UK
  • Companies
  • Tech
  • Markets
  • Climate
  • Opinion
  • Lex
  • Work & Careers
  • Life & Arts
  • HTSI
Financial Times
SubscribeSign In

Public Investment Fund of Saudi Arabia

  • Wednesday, 20 November, 2024
    UK foreign policy
    Starmer to visit Saudi Arabia and UAE to try to secure investment

    UK prime minister is seeking billions of pounds of Gulf money to boost British growth

    Keir Starmer and Saudi Crown Prince Mohammed bin Salman
  • Wednesday, 13 November, 2024
    Middle Eastern companies
    UK construction executive sues Saudi-owned developer for $100mn

    David Grover has brought a lawsuit in Riyadh against PIF-backed Roshn claiming bonuses and performance payments

    An aerial view of the Jeddah skyline
  • Tuesday, 12 November, 2024
    Saudi Arabia
    Neom mega-project boss abruptly replaced in Saudi Arabia

    Nadhmi al-Nasr leaves after six years in charge of $500bn desert development

    Aerial view of a futuristic, hexagonal water city with grid-like structures, surrounded by ocean and set against a desert landscape at sunset
  • Monday, 11 November, 2024
    Rutherford Hall
    There’s nothing scarier than Elon at your front door with a large thermometer

    A behind-the-scenes look at the work of Rutherford Hall, critical communications strategist

    Cartoon of a man in navy suit and open necked pink shirt, wearing glasses and holding a mobile phone
  • Tuesday, 5 November, 2024
    Chinese business & finance
    China to issue first dollar bond in three years in Saudi Arabia

    Choice of the kingdom highlights deepening financial ties between the two countries

    Saudi crown prince Mohammed bin Salman
  • Thursday, 31 October, 2024
    Selfridges & Co Ltd
    Losses for owner of Selfridges more than double

    Higher finance costs offset jump in sales at upmarket global department store group Cambridge Retail

    People carry Selfridges bags, on a shopping street, during the traditional Boxing Day sales
  • Wednesday, 30 October, 2024
    Due Diligence
    Public Investment Fund’s desert mirage Premium content

    Plus, why Topgolf is parting with its owner and HSBC‘s boss says it isn’t splitting up

    A delegate films on their mobile phone as Governor of Public Investment Fund of Saudi Arabia Yasir Al-Rumayyan appears on a screen
  • Tuesday, 29 October, 2024
    Saudi Arabia’s wealth fund pivots from international investments

    Public Investment Fund will focus more of its financial firepower on domestic projects

    Saudi Arabia’s Crown Prince Mohammed bin Salman
  • Tuesday, 29 October, 2024
    Lucid Motors
    Lucid introduces electric SUV as start-up seeks to reverse stock slide

    Saudi-backed automaker hopes Gravity model will broaden its customer appeal and boost earnings

    A Lucid Gravity Grand Touring SUV is driving across a suspension bridge
  • Wednesday, 16 October, 2024
    The Big Read
    Saudi Arabia tightens its belt

    After eight years of whirlwind construction activity and unprecedented spending, the kingdom’s new watchword is prudence

    Crown Prince Mohammed bin Salman
  • Monday, 7 October, 2024
    Selfridges Group Ltd.
    Thai Central Group brings Saudi fund PIF into Selfridges

    Deal for stake in department store and property business across three countries follows collapse of Signa

    The exterior of Selfridges department store in London, with its grand columns and holiday decorations.
  • Tuesday, 17 September, 2024
    Sport
    Sports group backed by Saudi wealth fund seeks stake in European basketball

    EuroLeague is looking to sell minority holding worth €1bn, but PIF’s SURJ firm faces competition from BC Partners

    A EuroLeague quarter-final between FC Barcelona and Olympiakos Piraeus in Barcelona earlier this year
  • Wednesday, 21 August, 2024
    FT News Briefing podcast11 min listen
    Saudi Arabia is keeping it in the kingdom

    The country’s wealth fund shifts its focus to domestic spending and away from foreign investments.

  • Wednesday, 21 August, 2024
    Due Diligence
    Is Saudi Arabia’s spending spree over? Premium content

    Plus, the Chicago firm looking to become a merchant bank and Edgar Bronfman Jr gatecrashes Paramount’s deal

    Mohammed Bin Salman, Riyadh skyline and logos of Softbank, Lucid Motors and BlackRock
  • Tuesday, 20 August, 2024
    Saudi wealth fund brings era of easy money to an end

    Once considered a cash cow by dealmakers, PIF has slowed spending on global investments, bankers say

    Mohammed Bin Salman, Riyadh skyline and logos of Softbank, Lucid Motors and BlackRock
  • Monday, 5 August, 2024
    Lucid Motors
    Lucid receives further $1.5bn in Saudi funding ahead of SUV EV launch

    Tesla rival reports more vehicle deliveries in second quarter but net loss widens to $790mn

    Lucid’s Gravity electric SUV at its headquarters in Newark, California
  • Friday, 12 July, 2024
    Football
    Staveley to sell Newcastle United stake to PIF and Reuben Brothers

    Top shareholders strengthen their grip on Premier League club with buyout of British dealmaker

    Amanda Staveley
  • Monday, 8 July, 2024
    Special ReportThe Business of Tennis
    Saudi wealth bolsters WTA’s ambitions for women’s tennis

    The tour is also tapping private equity as it seeks to attract new audiences worldwide

  • Friday, 14 June, 2024
    Heathrow Airport Holdings Ltd
    Buyout group Ardian and PIF agree deal for £3.3bn stake in Heathrow

    French private equity firm and Saudi Arabian wealth fund take holdings of 38% in big shake-up of London’s busiest airport

    Heathrow airport signage
  • Friday, 31 May, 2024
    Artificial intelligence
    Saudi fund invests in China effort to create rival to OpenAI

    Aramco’s Prosperity7 takes part in investment round for start-up Zhipu AI

    Zhipu AI logo and screen shot from site
  • Tuesday, 14 May, 2024
    News in-depthSaudi Arabia
    Saudi Arabia scales back flagship projects

    The Line development cut back as Riyadh reconsiders priorities and how best to fund its myriad investments

    Visitors discover images and models of ’The Line’ project, during a new expo, for six months, in Riyad
  • Tuesday, 30 April, 2024
    BlackRock Inc
    BlackRock to launch Saudi investment firm after $5bn deal with Riyadh

    Creation of subsidiary is US money manager’s latest move to build ties and win mandates in Middle East

    Yazeed Almubarak, Larry Fink, Yasir Al-Rumayyan and Yazeed Al-Humied posing for a photo
  • Thursday, 7 March, 2024
    Saudi Arabia transfers $163bn stake of oil producer Aramco to its wealth fund

    Kingdom’s investment group aims to finance projects to modernise its economy

    Skyline of the King Abdullah Financial District in Riyadh, Saudi Arabia
  • Wednesday, 6 March, 2024
    Lucid Motors
    EV group Lucid admits it cannot rely on ‘bottomless wealth’ of Saudi owner

    Start-up says more fundraising is “inevitable” as it looks to cut spending and raise output

    A Lucid Air Grand Touring car on display
  • Monday, 12 February, 2024
    PGA Tour Inc.
    US senator vows to fight on against Saudi influence over golf

    Richard Blumenthal accused kingdom of trying to launder its image with potential PGA deal

    Canadian Nick Taylor plays a shot on his way to winning the WM Phoenix Open, part of the PGA tour, in Scottsdale, Arizona, on February 11
Previous page You are on page 1 Next page

Useful links

Support

View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareersSuppliers

Legal & Privacy

Terms & ConditionsPrivacy PolicyCookie PolicyManage CookiesCopyrightSlavery Statement & Policies

Services

Share News Tips SecurelyIndividual SubscriptionsProfessional SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on XFT ChannelsFT Schools

Tools

PortfolioFT AppFT Digital EditionFT EditAlerts HubBusiness School RankingsSubscription ManagerNews feedNewslettersCurrency Converter

Community & Events

FT Live EventsFT ForumsBoard Director Programme

More from the FT Group

Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2024. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
Edition:UK
International
Subscribe for full access

Top sections

  • Home
  • World
    • Middle East war
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
  • UK
    • UK Economy
    • UK Politics
    • UK Companies
    • Personal Finance
  • Companies
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
  • Tech
    • Artificial intelligence
    • Semiconductors
    • Cyber Security
    • Social Media
  • Markets
    • Alphaville
    • Markets Data
    • Crypto
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Wealth Management
    • Moral Money
    • ETF Hub
    • Fund Management
    • Trading
  • Climate
  • Opinion
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
  • Lex
  • Work & Careers
    • Business School Rankings
    • Business Education
    • Europe's Start-Up Hubs
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    • Working It
  • Life & Arts
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
  • Personal Finance
    • Property & Mortgages
    • Investments
    • Pensions
    • Tax
    • Banking & Savings
    • Advice & Comment
    • Next Act
  • HTSI
  • Special Reports

FT recommends

  • Alphaville
  • FT Edit
  • Lunch with the FT
  • FT Globetrotter
  • #techAsia
  • Moral Money
  • Visual and data journalism
  • Newsletters
  • Video
  • Podcasts
  • News feed
  • FT Schools
  • FT Live Events
  • FT Forums
  • Board Director Programme
  • myFT
  • Portfolio
  • FT Digital Edition
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In