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The Latest Breaking News from PIF

Saudi PIF Buys 23.97% Stake in Capital Bank Group

Saudi Arabia's sovereign wealth fund, the Public Investment Fund, said on Sunday it will buy a 23.97% stake in Capital Bank Group, one of the largest banking groups in Jordan, Iraq and the Middle East and North Africa (MENA) region. PIF will pay $185 million for the stake, by buying…

Asharq Al-Awsat

Jared Kushner under congressional investigation for $2B Saudi investment with private firm

Kushner denies acting improperly over his firm's transaction with the wealth fund controlled by Saudi Arabia's crown prince.

Axios

The rejection of China’s deal shows the Pacific will not be used as a geopolitical pawn

Pacific leaders have sent a strong message that countries who want to partner with them must treat them with respect and take action on climate change

The Guardian - AU

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Dustin Johnson to play £20m Saudi event as Lee Westwood and Ian Poulter also sign up

Former world No. 1 Dustin Johnson has been named among the starters for the inaugural LIV Golf Invitational alongside British stars such as Lee Westwood and Ian Poulter

Daily Mirror

China to continue pushing for Pacific Island nations to sign regional trade and security agreement

China's government says it remains confident it can strike a sweeping trade and security agreement with 10 Pacific Island states despite being forced to shelve its proposed agreement, but a new position paper walks back previous references on joint policing, free trade and cybersecurity.

ABC News

Saudi Arabia buys 5% of Nintendo, because why not

Saudi Arabia's Public Investment Fund, which has purchased small and large stakes in a number of tech companies, has purchase 1/20th of Nintendo.

Input

Penny Wong promised a new approach to rising China. Did she deliver?

Senator Wong's trip did not effect immediate changes, nor could it have, but did clear signal a new and longer view on what might tip the difference.

The New Daily

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Penny Wong flying to Fiji on mission to reset Pacific relationships

Penny Wong will crossover with her Chinese counterpart on her second trip as Foreign Minister as she seeks to overhaul relationships in the Pacific.

The New Daily

Revealed: government did encourage Premier League to approve Newcastle takeover

Boris Johnson’s government worked for months to encourage the Premier League to approve the controversial Saudi Arabia-backed takeover of Newcastle

The Guardian - UK

Saudi PIF Acquires 16.8% of Kingdom Holding Company

The Saudi Public Investment Fund has acquired 625 million shares of the Kingdom Holding Company (KHC), representing 16.87 percent, with a total value of 5.6 billion riyals ($1.5 billion).

Asharq Al-Awsat

Al Rumayyan: Carbon Trading Platform in Saudi Arabia is Evidence of Change

The presence of a carbon trading platform in Saudi Arabia is in itself evidence of change, said the governor of the Saudi Public Investment Fund (PIF), Yasir Al Rumayyan, confirming that mega projects in the Kingdom like NEOM are depending on green sources for their energy needs. Speaking at a…

Asharq Al-Awsat

Saudi Arabia’s PIF Acquires Stakes in Nintendo

Saudi Arabia’s Public Investment Fund (PIF) has taken a 5.01% stake in Nintendo Co, as the sovereign wealth fund increases its exposure to the Japanese video gaming industry. The investment in the Kyoto-based group company was made for investment purposes, according to a filing to Japan’s Finance Ministry, making the…

Asharq Al-Awsat

Saudi Arabia's Public Investment Fund Scoops 5% Stake In Nintendo

Saudi Arabia's Public Investment Fund (PIF) scooped a 5.01% stake in Nintendo Co, Ltd (OTC:NTDOY), Reuters reports. PIF has also launched its own video game and e-sports company, Savvy Gaming. Also Read: Nintendo Declares 10-1 Stock Split After Posting 4% Sales Decline In FY22, Weaker Guidance PIF invested in video game companies Nexon Co Ltd (OTC: NEXOY), Capcom Co…

Benzinga

Saudi Arabia takes a 5% stake in Nintendo

The Saudi Arabia public investment fund has made a couple of headlines lately as it invests in Japanese game development companies, and Nintendo is the next.

USA Today Sports Media Group

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Asharq Al-Awsat

PIF Launches Saudi Coffee Company to Further Enable Kingdom’s Food and Agriculture Sector

The Public Investment Fund (PIF) announced on Sunday the launch of the Saudi Coffee Company. The company has been established to enable Saudi Arabia’s coffee bean to be a global product in the future, and will play a vital role in developing sustainable coffee production in the southern Jazan region,…

Chronicle Live

Who is Majed Al Sorour? Everything you need to know about the new Newcastle United director

Companies House record show the appointment was made on May 12

The Guardian - UK

Newcastle kit sharing Saudi colours would be sportswashing, Amnesty says

Newcastle wearing the colours of Saudi Arabia’s football side on their away shirt next season would be ‘clear evidence’ of sportswashing, according to Amnesty

The Independent UK

Newcastle strengthen Saudi Arabia links with latest board appointment

Majed Al Sorour becomes the club’s fourth director to be appointed since last October’s takeover

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The Independent UK

Tesla, Twitter shares drop as Elon Musk's legal issues grow

Shares of Tesla and Twitter have tumbled this week

Daily Mirror

Greg Norman claims 'we've all made mistakes' in pathetic defence of Saudi human rights record

Australian former golf star Greg Norman is the CEO of the LIV Golf International Series - and he has been criticised for defending Saudi's human rights record

ABC News

'We've all made mistakes': Greg Norman brushes off questions about Jamal Khashoggi murder at Saudi-backed golf event

Former golfing great Greg Norman dismisses questions about Jamal Khashoggi, as he spearheads a $255 million tournament backed by Saudi Arabia's sovereign wealth fund.

The Guardian - AU

Labor signals more aid to south-east Asia and accuses Scott Morrison of ‘bullying behaviour’ towards Pacific

Shadow minister Pat Conroy says the Coalition’s cuts in aid to Indonesia were ‘shortsighted’

Chronicle Live

PIF bring multimillion pound golf tournament to the North East with free tickets for all fans

A ground-breaking event backed by the Saudi Public Investment Fund is set for Slaley Hall Hotel in June

Daily Mirror

Andy Cole sends Newcastle fans warning over transfer spending plans

Former Newcastle United and England striker Andy Cole has been speaking about the Magpies recent rise but has called for fans to be patient over how long it will take to build sustained succes

Asharq Al-Awsat

Fitch Upgrades Saudi’s PIF Outlook to ‘Positive’

Ratings agency Fitch on Friday revised the outlook on Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), to "positive" from "stable" following a similar action on the country. It also affirmed the PIF's rating at "A". Fitch had cited improvements in Saudi Arabia's balance sheet due to higher…

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