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).

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

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

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

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

Saudi Arabia's Public Investment Fund (PIF) trimmed its holding in Nintendo Co., a day after reports that a senior executive at the kingdom's mammoth sovereign wealth fund said it was considering ...

Prince Faisal bin Bandar, vice chairman of PIF subsidiary Savvy Games Group, expressed a preference for pursuing this strategy with the backing of the companies involved. The PIF currently holds ...

Prince Faisal bin Bandar, vice chairman of PIF subsidiary Savvy Games Group, said he would favor doing such a move with the support of the companies themselves. The Saudi government is keen to ...

Image: Supplied Saudi Arabia’s Public Investment Fund (PIF) is set to acquire a 54 per cent stake in broadcast giant MBC for SR7.47bn ($2bn). It comes as PIF, which manages assets exceeding $900bn, ...

PIF is the investment engine driving economic transformation for Saudi Arabia and the world. With an ambitious program to ...

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.

Saudi Arabia’s Public Investment Fund (PIF) said on Wednesday that it signed an MoU with Brookfield Asset Management, under which the $925bn fund will serve as a strategic anchor investor for ...