Saudi Arabia’s Public Investment Fund (PIF) has agreed to buy a 54 per cent stake in the Gulf state’s MBC Group media conglomerate for SAR 7.5 billion (US$2 billion).

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is set to acquire a 54 per cent stake ... The ...

Blacklane GmbH, a luxury chauffeuring startup backed by Mercedes-Benz Mobility AG, raised €60 million ($65 million) in its ...

These MoUs were signed with Mizuho Bank, Sumitomo Mitsui Financial Group, MUFG Bank, Japan Bank for International Cooperation ...

The Middle East’s biggest broadcaster surged 10% in Saudi Arabia after the kingdom’s sovereign wealth fund agreed to buy a ...

PIF and FII signed a memorandum of understanding to focus on the asset management industry at future FII events ...

Retal's big win comes close on the heels of a similar agreement worth SAR792 million ($210 million) inked early this month ...

“The completely natural island is roughly 220 miles north of Jeddah,” said Lars Clasen, CEO of Cruise Saudi, which is a PIF subsidiary. “It will have a small jetty. The ship will be at ...

The PIF first invested in the Japanese gaming giant in May 2022, when it acquired 5.01% of the company's outstanding shares. It did so via Savvy Games Group, a Riyadh-based subsidiary specializing ...

Prince Faisal bin Bandar bin Sultan Al-Saud, who is the vice chairman at PIF subsidiary Savvy Games Group, previously said increasing its stake was "always a possibility" when asked about its plans.