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TODAY: MENA, Asia, and Latin America get USD 2 bn in fresh climate financing courtesy of the Climate Finance Mobilization Forum
Good morning, friends. After a lull yesterday, the news cycle has picked up as we slide into the weekend. Let’s…
PIF-backed Lucid and Aston Martin ink USD 450 mn agreement to partner up on luxury EVs
Lucid and Aston Martin partner up for EVs: Aston Martin and Saudi PIF-backed EV maker Lucid Group are joining forces…
PIF emerges as a frontrunner in the bids for a stake in Vale’s base metals unit
Vale has a Saudi suitor: Saudi Arabia’s sovereign wealth fund the Public Investment Fund (PIF) is the leading bidder for…
EV maker Lucid set to raise USD 3 bn, with KSA’s PIF contributing USD 1.8 bn
Lucid is getting more money from Saudi owners: EV maker Lucid Group plans to raise USD 3 bn through a…
Marafiq 1Q 2023’s net income down on back of higher financing costs
Not the best quarter for Marafiq: The Saudi Public Investment Fund-backed Marafiqsaw its net income fall 25.3% y-o-y in 1Q…
EV maker Lucid Group revenues rise 32% in 4Q 2022
Lucid Group reports 32% q-o-q increase in 4Q 2022 revenue but is yet to break even: US-based EV manufacturer Lucid…
PIF goes big on green bond issuance once again
KSA’s PIF completes second green bond issuance of USD 5.5 bn: KSA’s sovereign wealth fund, the Public Investment Fund (PIF),…
PIF is prepping its second green bond sale
KSA’s PIF plans fresh USD 5.5 bn green bond issuance: The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund,…
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