{"id":77425,"date":"2024-03-18T00:00:00","date_gmt":"2024-03-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/"},"modified":"2024-03-18T00:00:00","modified_gmt":"2024-03-18T00:00:00","slug":"ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/","title":{"rendered":"KSA\u2019s Public Investment Fund is reportedly in talks to acquire Saudia"},"content":{"rendered":"

<\/strong>PIF eyes <\/strong>Saudia<\/strong> acquisition:<\/strong> Saudi Arabia\u2019s sovereign wealth fund Public Investment Fund (PIF) is reportedly in early talks to acquire the kingdom\u2019s national carrier Saudia<\/a> as soon as next year to add it to its aviation assets portfolio, Bloomberg<\/a> reports, citing sources with knowledge of the matter. <\/p>\n

What we know: <\/strong>The ownership of the flagship airliner would be taken over by PIF from the government with the intention of improving its efficiency and net income, the sources said. The flagship carrier could be either privatized or merged with Riyadh Air<\/a> \u2014 a second flagship carrier being set up by PIF, they added.<\/p>\n

Details are scant:<\/strong> There is no clarity as to how Saudia would be valued by PIF, which has received government-owned assets at no payment in the past as an intermediary step towards their privatization, Bloomberg said. There are also no firm decisions as of yet, with talks still at an early stage, and it is possible that the initiative may be put off or canceled altogether, sources told the outlet. <\/p>\n

The PIF wants Riyadh Air to be the Gulf airlines boss: <\/strong>The sovereign wealth fund launched Riyadh Air in March last year<\/a> as it looks to challenge its regional rivals Emirates and Qatar Airways. It is set to kick off its operations next year and has a target of operating flights between 100 destinations by 2030. Saudia will also bid adieu<\/a> to capital Riyadh by 2030 to make way for Riyadh Air and will instead shift its focus towards operations in Jeddah\u2019s King Abdulaziz International Airport.<\/p>\n","protected":false},"excerpt":{"rendered":"

The move would see PIF consolidating Saudia within its growing aviation portfolio<\/p>\n","protected":false},"author":1,"featured_media":77426,"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":[941],"tags":[145,137,263,31],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77425","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ma-watch-2","tag-aviation","tag-ma-watch","tag-pif","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"df88bd9a-823b-4c1b-9812-5d06d494b498","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/1468.jpg","photo_position":"above","homepage_title":"","full_issue_title":"KSA\u2019s Public Investment Fund is reportedly in talks to acquire Saudia","related_issue":[77415],"teaser":"The move would see PIF consolidating Saudia within its growing aviation portfolio","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.3428827c-1f43-4c68-a239-b69175113d55.mp3"},"yoast_head":"\nKSA\u2019s Public Investment Fund is reportedly in talks to acquire Saudia - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KSA\u2019s Public Investment Fund is reportedly in talks to acquire Saudia\" \/>\n<meta property=\"og:description\" content=\"The move would see PIF consolidating Saudia within its growing aviation portfolio\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-18T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1468.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"KSA\u2019s Public Investment Fund is reportedly in talks to acquire Saudia\",\"datePublished\":\"2024-03-18T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/\"},\"wordCount\":269,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1468.jpg?fit=%2C&ssl=1\",\"keywords\":[\"AVIATION\",\"M&A WATCH\",\"PIF\",\"Saudi Arabia\"],\"articleSection\":[\"M&A Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/\",\"name\":\"KSA\u2019s Public Investment Fund is reportedly in talks to acquire Saudia - Logistics\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1468.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-03-18T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1468.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1468.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/logistics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"KSA\u2019s Public Investment Fund is reportedly in talks to acquire Saudia\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"name\":\"Logistics\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\",\"name\":\"Logistics\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/29618.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/29618.svg\",\"caption\":\"Logistics\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"KSA\u2019s Public Investment Fund is reportedly in talks to acquire Saudia - Logistics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/","og_locale":"en_US","og_type":"article","og_title":"KSA\u2019s Public Investment Fund is reportedly in talks to acquire Saudia","og_description":"The move would see PIF consolidating Saudia within its growing aviation portfolio","og_url":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/","og_site_name":"Logistics","article_published_time":"2024-03-18T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1468.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"KSA\u2019s Public Investment Fund is reportedly in talks to acquire Saudia","datePublished":"2024-03-18T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/"},"wordCount":269,"publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1468.jpg?fit=%2C&ssl=1","keywords":["AVIATION","M&A WATCH","PIF","Saudi Arabia"],"articleSection":["M&A Watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/","url":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/","name":"KSA\u2019s Public Investment Fund is reportedly in talks to acquire Saudia - Logistics","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1468.jpg?fit=%2C&ssl=1","datePublished":"2024-03-18T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1468.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1468.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/18\/ksas-public-investment-fund-is-reportedly-in-talks-to-acquire-saudia\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/logistics\/"},{"@type":"ListItem","position":2,"name":"KSA\u2019s Public Investment Fund is reportedly in talks to acquire Saudia"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/logistics\/#website","url":"https:\/\/enterpriseam.com\/logistics\/","name":"Logistics","description":"","publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/logistics\/#organization","name":"Logistics","url":"https:\/\/enterpriseam.com\/logistics\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/29618.svg","contentUrl":"https:\/\/ent.news\/internal\/29618.svg","caption":"Logistics"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1468.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1468.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/1468.jpg?fit=%2C&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/77425","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/comments?post=77425"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/77425\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue\/77415"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media\/77426"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media?parent=77425"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/categories?post=77425"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/tags?post=77425"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/brand?post=77425"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=77425"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}