{"id":105712,"date":"2026-02-10T00:00:00","date_gmt":"2026-02-10T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2026\/02\/10\/this-morning-pif-carefully-kicks-the-new-strategys-tires-with-investors\/"},"modified":"2026-02-10T00:00:00","modified_gmt":"2026-02-10T00:00:00","slug":"this-morning-pif-carefully-kicks-the-new-strategys-tires-with-investors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2026\/02\/10\/this-morning-pif-carefully-kicks-the-new-strategys-tires-with-investors\/","title":{"rendered":"THIS MORNING: PIF carefully kicks the new strategy\u2019s tires with investors"},"content":{"rendered":"

Good morning, ladies and gents<\/strong>. The holy month is a few days away, and we\u2019re loading up on our morning coffee like crazy to get ready (we know it doesn\u2019t work like that, but still).<\/p>\n

In today\u2019s issue: <\/strong>Safanad sold home care operator HC-One \u2014 the largest in the UK \u2014 for USD 1.6 bn, a snapshot of GCC\u2019s sovereign wealth investments in 2025, and Bahri\u2019s bumper earnings in 2025.<\/p>\n

<\/a> BUT FIRST- <\/strong>The Public Investment Fund\u2019s two-day <\/strong>Private Sector Forum<\/a><\/strong> wraps up today <\/strong>at the King Abdulaziz International Conference Center<\/strong>, and the fund is testing elements of its revised strategy by sounding out investors in its gigaproject pipeline on the sidelines, AGBI<\/a> reports, citing sources it says are in the know.<\/p>\n

The fund is still testing its draft strategy at the moment and gauging investor interest<\/strong>, with a final version due this spring, the sources said. New directives reportedly dictate that projects that do not meet strict internal rate of return thresholds or serve a designated trophy event will be deprioritized, with AGBI\u2019s sources saying the fund plans to cut capex by some 15%.<\/p>\n

The big fish:<\/strong> Attracting capital from major global asset managers will be a big focus under the new roadmap, unnamed sources told Reuters<\/a>.<\/p>\n

REMEMBER-<\/strong> PIF is set to refine<\/a> its 2026-2030 investment strategy by concentrating capital on a tighter group of portfolio companies and scaling them into global champions across sectors such as manufacturing, AI, and aviation. Governor Yasir Al Rumayyan has already signaled<\/a> that Neom is no longer the fund\u2019s singular focal point, with the next phase organized around six priority sectors, including tourism and advanced manufacturing.<\/p>\n

IN CONTEXT- <\/strong>Higher fiscal pressures \u2014 including lower oil prices, rising borrowing, and a widening deficit \u2014 are pushing the government to cut back on capital spending and prioritize time-sensitive projects and high-return sectors.<\/p>\n

Happening today<\/p>\n

The <\/strong>Worl<\/a><\/strong>d Defense Show<\/a><\/strong> continues today and runs through Thursday, 12 February in <\/strong>Riyadh<\/strong>, bringing together defense officials, military leaders, and industry executives from across the globe.<\/p>\n

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WEATHER- <\/strong>Dust-laden winds will keep skies hazy over Al Jouf and the Northern Borders, while fog drapes parts of the Eastern Province and the highlands of Jazan, Aseer, Al Baha, and Makkah.<\/p>\n