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The Latest Breaking News from PIF

Saudi Crown Prince Announces Diriyah as PIF’s Fifth Giga-Project

Saudi Crown Prince and Chairman of the Public Investment Fund (PIF) Mohammed bin Salman announced on Monday designating Diriyah as the fifth giga-project owned by the Kingdom’s sovereign wealth fund. The Diriyah tourism project aligns with PIF’s strategy for achieving the goals of the Kingdom’s plan for national transformation, Vision…

Asharq Al-Awsat

Ronaldo to earn 400 million euros in Saudi: club source

Nicosia (AFP) - Footballer Christiano Ronaldo will earn 200 million euros to promote Saudi Arabia's joint 2030 World Cup bid in addition to his club salary, a source close to his club told AFP Monday.

AFP

Report: Saudi PIF Arises As Potential Bidder on WWE

Saudi Arabia’s Public Investment Fund is reportedly eyeing a possible deal for the renowned wrestling promotion.

Sports Illustrated

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Mehrdad Ghodoussi insists 'journey has only just started' at Newcastle United

Newcastle sit third at the end of their first full year under PIF.

Chronicle Live

The Newcastle United 'fine tuning' makes for an exciting January window as Eddie Howe aims high

Newcastle United splashed out £200million in 2022 on transfers but now look to fine-tune their squad

Chronicle Live

Saudi fans blocked from watching Boxing Day Premier League games

Bein Sports’ signal has been blocked since an hour before the World Cup’s opening match on 20 November

The Independent UK

Saudi fans blocked from watching Boxing Day Premier League action

The beIN SPORTS’ streaming service signal has been blocked since an hour before the World Cup’s opening match on November 20.

The Independent UK

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PIF Buying 30% Stake in Saudi Tabreed

Saudi Arabia's Public Investment Fund (PIF) has acquired a 30% stake in cooling company Saudi Tabreed through a private placement of shares, according to a bourse filing on Wednesday. The sale is subject to completion procedures. United Arab Emirates-listed National Central Cooling Company, known as Tabreed, has also boosted its…

Asharq Al-Awsat

Saudi Arabia, Azerbaijan Agree to Establish Joint Business Council

The Federation of Saudi Chambers (FSC) and the Small and Medium Business Development Agency in Azerbaijan signed on Monday an agreement to establish a joint business council in efforts to enhance intra-trade between the Kingdom and Azerbaijan and increase the volume of trade and investment cooperation. The signing of the…

Asharq Al-Awsat

Changing ownership landscape could trigger FSG Liverpool sale rethink

FSG are willing to listen to offers for Liverpool but are understood to prefer to sell part of their shareholding instead

Liverpool Echo

Saudi PIF to Enable Growth of Clean Energy Sources

The Saudi Public Investment Fund (PIF) is seeking to diversify opportunities within its portfolio, and contribute to projects for the development of clean energy sources globally. In this context, the PIF intends to acquire the state-owned United Bank in Egypt, in a deal that could be worth about $600 million.

Asharq Al-Awsat

How Newcastle United owners PIF are reaching for skies with fan engagement in Riyadh a huge hit

Newcastle United owners PIF are ensuring that no stone is left unturned

Chronicle Live

Report: LIV Golf planned for all-star board members such as Michael Jordan, Condoleezza Rice and top-level business executives

The New York Times report analyzed hundreds of confidential documents from a proposal conducted for the PIF.

USA Today Sports Media Group

Saudi Arabia bid for Manchester United has already been debunked

The Glazers announced last month that they were 'exploring strategic opportunities' for Manchester United, including a possible sale.

Manchester Evening News

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Chronicle Live

Newcastle chief Peter Silverstone speaks out after securing latest Saudi-based partnership

Newcastle United have struck another deal with a Saudi-based company after STC became a commercial partner

Chronicle Live

Yasir Al-Rumayyan ally has debunked claim PIF could sell Newcastle United to buy Manchester United

Newcastle United's owners are unlikely to sell the club to purchase Manchester United, despite claims suggesting that switch could happen in light of the Glazers looking to sell

Asharq Al-Awsat

Saudi Arabia Launches Largest Forum to Promote Development Investment

The Aseer Investment Forum kicked off on Saturday in southern Saudi Arabia, to promote investments and highlight the opportunities available in this particular Saudi region, which the government seeks to turn into one of the prominent tourism destinations on the global map. The Public Investment Fund (PIF) had announced the…

Asharq Al-Awsat

Saudi Arabia’s PIF Establishes Aseer Investment Company

The Saudi Public Investment Fund announced on Thursday the establishment of Aseer Investment Company (AIC) to operate as its investment arm in the Aseer region, south of Saudi Arabia. The new company will promote and stimulate local and foreign direct investment to develop and transform the region into a year-round…

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Asharq Al-Awsat

PIF Secures Record-Breaking $17bn Senior Unsecured Term Loan

Badeel has announced a partnership to establish the largest solar photovoltaic plant in the region, while Saudi Arabia’s Public Investment Fund (PIF) announced that it has secured a $17 billion seven-year senior unsecured term loan (63.7 billion Saudi riyals). The loan is the largest-of-its-kind general corporate-purpose loan worldwide. While the…

Asharq Al-Awsat

Saudi's ACWA Power, Badeel to Develop Largest Solar Plant in Middle East

Saudi Arabia's private utility ACWA Power and a unit of the Public Investment Fund (PIF) on Wednesday signed agreements to develop the largest solar power plant in the Middle East, the Saudi Press Agency reported. The 2,060 megawatt project will be located in Al Shuaibah in Makkah province and is…

USA Today Sports Media Group

‘Greg (Norman) has to go’: Tiger Woods unloads on LIV Golf leadership, explains what must happen for LIV to co-exist with PGA Tour

The 15-time major champion didn't hold back when addressing Greg Norman and LIV Golf.

Liverpool Echo

Newcastle United set for 'club record' deal that could explain FSG Liverpool sale

Newcastle are set to land a new shirt sponsor in time for the 2023/24 season at a much higher value

Chronicle Live

Newcastle United transfer circus starts with report of £27m swoop for Premier League flop

Italy international Moise Kean scored just four goals for Everton across in 39 appearances at Goodison Park before embarking on loan spells with PSG and Juventus respectively

Liverpool Echo

Premier League 'rules' on Saudi Arabia interest in buying Liverpool or Manchester United

Recent reports suggest there is 'interest' in buying Liverpool and Man United from private sector Saudi sources

Daily Mirror

Premier League double down on Saudi Arabia stance amid Man Utd and Liverpool interest

Saudi Arabia's sports minister Prince Abdulaziz bin Turki al-Faisal has confirmed the Arab country is interested in investing in both Manchester United and Liverpool

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