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Public Investment Fund of Saudi Arabia

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  • Monday, 28 August, 2023
    Standard Chartered PLC
    StanChart exits aviation leasing and financing sector

    Banking group sells $4.5bn in assets and loans in deals with Saudi state-owned group and company backed by Apollo

    StanChart logo
  • Wednesday, 16 August, 2023
    Saudi Arabia
    Saudi Arabia cuts holdings of US Treasuries to 6-year low

    Kingdom’s position in US government bonds falls by $3.2bn in June to $108bn

    Residential and commercial buildings in the King Abdullah Financial District in Riyadh, Saudi Arabia
  • Tuesday, 15 August, 2023
    ETF HubLatest news on ETFs
    Barrick chief slams ‘myopic’ western funds for focusing on quick returns

    Mark Bristow praises Saudi Arabia for showing interest in Pakistan copper and gold mine in province riven by violence

    Barrick Gold chief executive Mark Bristow
  • Friday, 4 August, 2023
    Football
    Saudi football scores with €430mn summer spending spree

    Net transfer spending by the Pro League trails only that of the Premier League

  • Friday, 28 July, 2023
    Vale SA
    Saudi Arabia makes mining bet with stake in Vale’s base metals division

    Brazilian miner sells 13% slice of business to aid ‘energy transition’ in $3.4bn cash deal

    An excavator loads raw nickel ore into a dump truck at a Vale nickel mining site in Indonesia
  • Monday, 24 July, 2023
    Paris Saint-Germain Football Club
    Saudi football club approaches PSG with record €300mn bid for Mbappé

    Offer comes as Qatari-owned club tries to force French player to end or extend his contract to cash in lucrative fee

    Kylian Mbappé
  • Saturday, 15 July, 2023
    Special Report
    Business of Golf

    A truce between the PGA and the Saudi sovereign wealth fund looks far from secure. Plus: how to make the sport more accessible for women; a Columbia Business School professor who revolutionised the game’s analytics; off-course golf points way to the future

    Ruoning Yin of China kisses the trophy after winning the KPMG Women’s PGA Championship
  • Saturday, 15 July, 2023
    Special ReportBusiness of Golf
    How PIF’s financial power bought a seat at the table

    A truce between the sport’s most powerful bodies and the Saudi sovereign wealth fund has been in the works for months but fears grow that the battle is far from over

    PGA Tour board member Jimmy Dunne and Chief Operating Officer of the PGA Tour Ron Price testify during a US Senate Committee
  • Tuesday, 11 July, 2023
    Golf
    Saudi Arabia sought central role in professional golf

    PGA Tour officials tell US Senate their planned tie-up with LIV is best chance to preserve sport’s independence

    Richard Blumenthal, the Democratic senator from Connecticut, speaks during a hearing in Washington into last month’s surprise agreement between the PGA Tour and Saudi-funded LIV Golf
  • Saturday, 8 July, 2023
    Saudi Arabia
    Spending spree thrusts Saudi football on to global stage

    Kingdom’s focus widens as it seeks to build a leading domestic league

    Cristiano Ronaldo
  • Friday, 7 July, 2023
    News in-depthAmanda Staveley
    Amanda Staveley: the ‘fearless’ financier easing Saudi drive into sport

    Secret broker of golfing peace deal is facing a legal fight with a Greek shipping magnate

    Newcastle United co-owner Amanda Staveley is described as ‘a relentless enthusiast’
  • Wednesday, 5 July, 2023
    Saudi Arabia set to launch multibillion-dollar sports investment group

    Plan signals Riyadh’s ambition to expand its push into football, golf, tennis and beyond

    Golfer Dustin Johnson swings his club
  • Saturday, 24 June, 2023
    Tennis
    Men’s tennis tour in talks with Saudi wealth fund about joint investments

    ATP Tour chair Andrea Gaudenzi held ‘positive’ talks with PIF to back sports projects and ventures

    Lorenzo Musetti hits the ball during a tennis match
  • Friday, 23 June, 2023
    PGA Tour Inc.
    PGA Tour rushes to contain fallout from golf tie-up with Saudi fund

    Many players remain frustrated while deal faces scrutiny in Washington

    Montage of logos of PGA Tour and Saudi Arabia’s PIF and a golf player
  • Monday, 19 June, 2023
    News in-depth
    Sports deals cement Yasir Al-Rumayyan’s reputation at Saudi wealth fund

    PIF boss bets big on golf and football but domestic issues are his biggest challenge

    Yasir al-Rumayyan at Newcastle United’s St James’ Park ground
  • Tuesday, 13 June, 2023
    News in-depthGames industry
    Saudi Arabia spends billions in drive to dominate global games industry

    Savvy shells out $8bn on deals in 18 months in rapid push to diversify revenues and acquire soft power

    Crown Prince Mohammed bin Salman gaming montage
  • Monday, 12 June, 2023
    News in-depthScotland
    ‘For money alone’: Scotland’s home of golf takes swing at Saudi Arabian ambitions

    St Andrews, where the ancient game is said to have begun, shows little love for the merger that gives Riyadh great sway over the professional sport

    Rory McIlroy plays at the British Open on The Old Course at St Andrews in Scotland
  • Friday, 9 June, 2023
    The Big Read
    Saudi Arabia’s billions are shaking up golf. What next?

    This week’s deal is one of the most striking illustrations yet of the growing influence of the PIF — and raises speculation about where the firepower of $650bn fund will be aimed

    Montage image showing Crown Prince Mohammed bin Salman, Rory McIlroy, an F1 car, a football player, a cruise ship and the PIF Tower in Riyadh
  • Thursday, 8 June, 2023
    Golf
    Golf’s warring factions finally swing a peace deal

    Wall Street power brokers at heart of detente between US PGA Tour and Saudi-funded upstart LIV

    Rory McIlroy, Jay Monahan, Yasir al-Rumayyan and Brooks Koepka
  • Wednesday, 7 June, 2023
    Golf
    McIlroy says PGA Tour-LIV deal will ultimately be good for golf

    Face of resistance to Saudi Arabia-backed venture says he still ‘hates’ rival tour after shock tie-up was announced

    Rory McIlroy at a press conference ahead of the RBC Canadian Open
  • Tuesday, 6 June, 2023
    PGA Tour Inc.
    Saudi Arabia to spend billions on shock merger of PGA Tour and LIV Golf

    Deal resolves bitter dispute between established series and breakaway league that has divided men’s game

    PGA Tour and LIV Golf logos montage with player driving
  • Monday, 5 June, 2023
    Football
    Saudi Arabia passes four domestic football teams to sovereign fund

    Shifting ownership to deep-pocketed PIF puts increased financial firepower behind the sport in the country

    Portuguese star Cristiano Ronaldo playing for  Al Nassr in the Saudi Pro League
  • Sunday, 28 May, 2023
    News in-depthSaudi Arabia
    Saudi crown prince turns to ‘state capitalism’ after change in the guard

    Companies backed by Public Investment Fund have risen to prominence as the kingdom’s day-to-day ruler asserts control

    Montage of Crown Prince Mohammed bin Salman and company logos
  • Wednesday, 24 May, 2023
    Football
    Newcastle United eye shirt deal with Saudi events company

    Sponsorship agreement would be scrutinised by the Premier League under new rules

  • Tuesday, 9 May, 2023
    Chinese economy
    China’s local governments look to Middle Eastern funds for investment

    Cash-strapped authorities hope to stimulate economic development post-pandemic

    A man takes a photo of Shenzhen’s financial district
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