{"id":93278,"date":"2025-01-12T00:00:00","date_gmt":"2025-01-12T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/12\/alat-closes-usd-2-bn-investment-in-lenovo\/"},"modified":"2025-01-12T00:00:00","modified_gmt":"2025-01-12T00:00:00","slug":"alat-closes-usd-2-bn-investment-in-lenovo","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2025\/01\/12\/alat-closes-usd-2-bn-investment-in-lenovo\/","title":{"rendered":"Alat closes USD 2 bn investment in Lenovo"},"content":{"rendered":"

The Public Investment Fund\u2019s (PIF) tech investment arm Alat closed a USD 2 bn investment <\/strong>in<\/strong> multinational<\/strong> PC maker Lenovo<\/strong>, according to a joint statement<\/a>. The investment \u2014 first reported in May 2024<\/a> \u2014 saw Alat buy three-year zero-coupon convertible bonds, which could grant Alat a 12% equity stake in Lenovo if converted at their purchasing price of HKD 10.42 per share. <\/p>\n

Lenovo, made in Saudi: <\/strong>The leading PC maker plans to establish a clean energy-powered manufacturing hub here at home, set to kick off operations in 2026. The facility will employ local R&D teams to produce mns of PCs and servers every year for \u201cfully end-to-end \u2018Saudi-made\u2019 products,\u201d creating thousands of jobs, Lenovo said.<\/p>\n

Lenovo is also gearing up to anchor its <\/strong>MEA <\/strong>operations in Riyadh, with plans to set up<\/strong> its <\/strong>regional headquarters in the capital.<\/strong> That is in addition to opening more retail spaces, expanding R&D capacities, and sealing new partnerships in the region.<\/p>\n

REFRESHER- <\/strong>Lenovo\u2019s supply chain arm Leshines recently secured a USD 50 mn package<\/a> from Riyadh-based investment platform Ewpartners to localize its production in the Kingdom, as part of a broader push to expand its global manufacturing footprint, Lenovo Chairman and CEO Yang Yuanqing told Reuters in November.<\/p>\n

ADVISORS- <\/strong>Alat tapped Morgan Stanley and Latham & Watkins, while Citi and Cleary Gottlieb Steen & Hamilton (Hong Kong) advised Lenovo.<\/p>\n","protected":false},"excerpt":{"rendered":"

The move saw Alat buy three-year zero-coupon convertible bonds at HKD 10.42 apiece<\/p>\n","protected":false},"author":1,"featured_media":93279,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2616],"tags":[2669,10,31,1151],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-93278","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-alat","tag-enterpriseam-ksa","tag-investment-watch","tag-public-investment-fund-pif","wpautop","entry"],"acf":{"mongo_id":"49ce1bf4-80f9-4f89-a7dd-50f60296f0eb","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/1\/554.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Alat closes USD 2 bn investment in Chinese PC-maker Lenovo","related_issue":[93270],"teaser":"The move saw Alat buy three-year zero-coupon convertible bonds at HKD 10.42 apiece","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/1\/.37f02ced-6b82-4ff5-bba7-06323ba0f4fc.mp3"},"yoast_head":"\nAlat closes USD 2 bn investment in Lenovo - 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