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Folk Maritime’s Poul Hestbaek unpacks growth plans for 2026 amid volatile global trade
We spoke with Hestbaek about their ongoing projects in the Kingdom and their regional expansions
PIF + Acwa Power to develop utilities for real estate portfolio
ALSO: Mila Celebrations and Rodyan seal USD 5 mn partnership
PIF intends to raise more global champions
PLUS: Bank of America, Citigroup, and Morgan Stanley and more join EA takeover financing
Red Sea Global secures SAR 6.5 bn financing for Amaala
Amaala is expected to open as soon as this year
FII9 kicks off with AI poised to take center stage
Barclays gets CMA license to operate in the Kingdom, State Street launches its Riyadh RHQ
PIF anchors Tadawul’s first broad-based equity ETF from Albilad Capital
The open-ended fund listed on Tadawul last week
The Kingdom hosts its first ATP Masters 1000
The event is set to be a one-week, non-mandatory tournament featuring a 56-player draw on outdoor hard courts
PIF pours more into Magic Leap
The funds will drive the rollout of Magic’s industry-specific XR tools and commercial deployments
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