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PIF’s shift in strategy is still making the rounds in the foreign press
Some 76% of the fund’s assets are in local investments
PIF pivots its focus to domestic growth
Some 76% of the fund’s assets are in local investments
PIF plans new freight airline to take on rival Gulf airlines
PLUS: Saudi’s steel industry is getting a shot in the arm from national giga-projects
PIF assets under management rose 29% to SAR 2.9 tn in 2023
The fund is targeting SAR 4 tn AuM by the end of next year
China-KSA consortium earmarks USD 972 mn for a new 2 GW solar power plant
The 2 GW power plant could take 31 months to complete
PIF puts down an extra USD 1.5 bn for Lucid Motors
The funds are split into a stock purchase and a delayed draw term loan
Savola inches closer to a SAR 6 bn rights offering
The funds from the rights offering will be allocated to pay down around SAR 6 bn in long-term loans.
PIF inks MoUs worth up to USD 50 bn with Chinese banks to ramp up capital flows between Riyadh, Beijing
The agreements were signed with six banks
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