pif investments list

[70] The CEO Greg Norman and star players had to face questions about their association with LIV Golf, despite the Kingdom's abysmal human rights records. Whalewisdom has at least 26 13F filings, 17 13G filings, and 5 Form 4 filings. The 25 new investments by the sovereign wealth fund have been made mostly in companies whose industries have been negatively affected by the market crash due to the coronavirus pandemic. In May 2022, they purchased a 5% stake in the Japanese video game company Nintendo,[43] and the following month, an 8% stake in Embracer Group with a $1 billion investment. [47] This will be the first known time that money from the Saudi's sovereign wealth fund will go to Israel. PIF has built deep connections with top-tier international investors and partners, asset managers, investment banks, and international brokerage firms to become one of the world's largest investment institutions. Gold prices fell to nearly a two-week low on Monday after data showed manufacturing activity in New York state increased for the first time in five months, and confidence among USsingle-family homebuilders improved for a fourth straight month in April. Separate data on March activity also released on Tuesday showed retail sales growth quickened to 10.6 percent, beating expectations and hitting a near two-year high, while factory output growth also sped up but was just below expectations. You may change or cancel your subscription or trial at any time online. See here for a complete list of exchanges and delays. Indias imports from Russia more than quadrupled to over $46 billion over the last fiscal year, mainly through oil, which had been available only in small quantities before the war that began in February last year. On 19 March 2023, UBS confirmed the planned acquisition of Credit Suisse by UBS. You must have a subscription to view WhaleScore histories. Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. Access unmatched financial data, news and content in a highly-customised workflow experience on desktop, web and mobile. [75], PIF has been characterized as among the least transparent sovereign wealth funds in the world. "[76][77][78], The governance structure of PIF has been called into question, specifically with respect to how much control Mohammad bin Salman holds on decision making at PIF. [39], At the Milken Institute in Abu Dhabi in February 2019, Al-Rumayyan announced that PIF would open new offices in London, New York and San Francisco, and would increase its workforce from 450 to 700 by the end of 2019. [17] PIF owns Qiddiya,[18] spearheads the Red Sea Project for luxury beach resorts,[19][20] and owns the closed joint-stock company named Neom. The giga-projects are designed to stimulate the economy and their benefits are expected to expand significantly beyond the real estate and infrastructure sectors, helping to diversify the economy away from oil, especially given their sheer scale. Meanwhile, top bullion consumer China's economic recovery gathered pace in the first quarter as the country's gross domestic product grew 4.5 percent year-on-year, beating expectations. [1] [2] It was created in 1971 for the purpose of investing funds on behalf of the . 0:38 2K views 13 24 62 The PIF's wagers on Carnival and Live Nation, which itrevealed in April filings, were valued at $457 million and $416 million respectively at the end of March. [57] The British government blocked details of its talks with the Premier League regarding the Saudi takeover, saying the disclosure could "harm" relations with Saudi Arabia. Signing an FTA would be Russias way of saying that they are serious about economic relations with India, Pant said. [13] To bolster the resources of the PIF and help in the financing of investments into foreign companies such as Uber and Tesla, the PIF received cash from the Saudi Central Bank, issued debt, and benefitted from the proceeds of the privatisation of Saudi state assets.[7]. We will make every effort to expand our cooperation ties, Manturov, who is also the industry and trade minister, told a business forum in New Delhi. Current Assets for PIF is $607,418,895,000 and SWFI has 42 periods of historical assets, 17 subsidiaries, 14 Opportunities/RFPs, 197 personal contacts available for CSV Export. Affinity Partner's investment in Israeli startups was agreed to by Saudi officials and was also believed to have been approved by Crown Prince Mohammed. RIYADH, T0 [42], In 2021, they purchased stakes in the American video game companies Electronic Arts, Take-Two Interactive, and Activision Blizzard. Keep abreast of significant corporate, financial and political developments around the world. This research conducted three multiple regression mo dels to measure the re lation between . It saw 4.8 percent expansion in the first quarter of 2022, though that slowed to just 2.9 percent in the final three months of the year. The Kingdom didn't have diplomatic relations with Israel and was neither a part of the Abraham Accords. It is among the largest sovereign wealth funds in the world with total estimated assets of US$620billion (514billion). Public Investment Fund is based out of Riyadh. Trade between them is minuscule compared to the size of the two countries, Singh said. He said, "We know they killed Khashoggi and have a horrible record on human rights". DUBAI, Nov 15 (Reuters) - The Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, nearly tripled its holdings of U.S.-listed stocks to $43.45 billion in the third quarter,. Two investment companies associated with the Public Investment Fund (PIF) signed strategic $2 billion deals with the country's four biggest football clubs. "[55] Hatice Cengiz, the fiance of Saudi journalist Jamal Khashoggi, who was murdered by operatives of the Saudi regime, urged the Premier League to block PIF's takeover. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Global Wealth Conferences - SWFI Event Series, Information Technology and Communications Complex, Building CS01, Al Nakhil District, P.O. [47], On 14 April 2020, it emerged that a deal to transfer ownership of Newcastle United F.C. Saudi Arabia. April 16, 2023 10:26. US emergency crude oil reserves fall by 1.58m barrels divided by the total MV of the fund. Sovereign Wealth Fund Institute (SWFI) is a global organization designed to study sovereign wealth funds, pensions, endowments, superannuation funds, family offices, central banks and other long-term institutional investors in the areas of investing, asset allocation, risk, governance, economics, policy, trade and other relevant issues. The PIF's largest new holdings included a $714 million stake in Boeing, $522 million stakes in both Citigroup and Facebook, and a $514 million stake in Marriott. Saudi Arabia's PIF discloses investments in dozens of buyout firms. Markets are pricing in a 91 percent chance of the Fed raising interest rates by 25 basis points at its next meeting in May, the CME FedWatch tool showed, with traders expecting rate cuts toward the end of the year. The dollar index, which measures the currency against six major rivals, eased 0.078 percent to 102.01 after rising 0.5 percent overnight. Beijing's virus-containment policy -- an unstinting regime of strict curbs on the population -- strongly constrained normal economic activity before it was abruptly ditched in December. When neighboring petrostates began using their sovereign wealth funds for influence, Saudi Arabia followed them. He added it will "take time for (a) business confidence recovery, which requires translating the credit expansion into money flow to support real economic activities". Check if your [1]: The Public Investment Fund (PIF) of Saudi Arabia is one of the largest sovereign wealth funds in the world. Saudi Arabia's $360 billion sovereign-wealth fund, the Public Investment Fund, or PIF, has been aggressively putting its money to work in investments around the world. Besides, LIV Golf offered the winner's prize money of $4million, in comparison to PGA Championships $2.7million. Here's a chart showing the PIF's US stock portfolio at the end of March: Sign up for our newsletter to get the inside scoop on what traders are talking about delivered daily to your inbox. Following on the success of its VRP 2018-2020, the . The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. With effective, long-term investments, PIF endeavors to be a leading investor while sparking an impact felt beyond Saudi borders. The PIF's largest new holdings included a $714 million stake in Boeing, $522 million stakes in both Citigroup and Facebook, and a $514 million stake in Marriott. [38] The following month he said the fund would aim to increase the percentage of international assets in its portfolio from 10% to 50% by 2030. [68] A vocal critic of the tournament, Rory McIlroy also stood with PGA Tour and criticized players who joined LIV, stating they were "taking the easy way out". Public Investment Fund of Saudi Arabia (PIF) is a Sovereign Wealth Fund located in Riyadh Saudi Arabia, Middle East, and was founded in 1971. The giga-projects are designed to stimulate the economy and their benefits are expected . Concept papers shall be delivered to: pif@formin.fi. India and Russia are also in advanced negotiations on a new bilateral investment treaty, Jaishankar added. [49][50] On 7 October 2021, it was announced that the club would be acquired by the consortium led by the Public Investment Fund,[51] after the Premier League stated it had received "legally binding assurances that the Kingdom of Saudi Arabia will not control Newcastle United Football Club". CBAs Clifton said Britains policymakers would be watching the wages data closely for further confirmation that private sector income growth is slowing. The Program was launched in the fourth quarter of 2017 with the aim of strengthening PIF's position and making it an essential arm to achieve Vision 2030. for Q4 2022. The fund also made a range of smaller bets. Alt Turnover is calculated by taking either the total MV of new purchases or Earlier in January, data released by the Sovereign Wealth Fund Institute suggested that the PIF has maintained the sixth spot in the list of top sovereign wealth funds worldwide, with assets worth $607.42 billion. Know more about our Privacy Policy here. Simply log into Settings & Account and select "Cancel" on the right-hand side. ? The government has set a comparatively modest growth target of around five percent this year, a goal the country's Premier Li Qiang has warned could be hard to achieve. You are limited to the prior 8 quarters of 13F filings. Editing by David Goodman, China's electric car drive, led by BYD, leaves global brands behind, Goldman Sachs profit falls in first quarter as dealmaking sputters, UBS makes changes to buyback programme following Credit Suisse takeover, Bollore in exclusive talks with CMA CGM over sale of Bollore Logistics, Gazprom says Europe set to struggle fill gas storage for next winter, US single-family housing starts increase in March, Most Gulf markets end lower ahead of Eid break, Swedish Radio becomes first big European broadcaster to quit Twitter, Russia not planning Wikipedia block for now, minister says. See here for a complete list of exchanges and delays. E xclusive : Saudi Arabia's PIF has shown no intere st in bankrolling Te sla buyout - source s By Saeed Azhar, Marwa Rashad, Pamela Barbaglia 5 M I N R E A D . This map represents countries where PIF has carried out dire ct investments. [58], In October 2021, a division of the PIF, Golf Saudi funded the establishment of the LIV Golf Investments, with Greg Norman declared to be its CEO. The Program seeks to enhance the economic and investment sustainability . Riyadh-based Sanabil is an investment company that commits approximately $3 billion a year to private transactions, its website says. In 1974, PIF was mandated to hold equity positions in join-stock ventures within its domestic economy. The Public Investment Fund (PIF) reduced its holdings in US companies to $7.05 billion by the end of Q3 2020 from $10.1 billion in Q2 2020. Mohammed bin Salman indicated that this transfer of stakes is a part of Saudi Arabias long-term initiatives to boost and diversify the national economy and expand investment opportunities in line with Saudi Vision 2030. High in the Pyrenees, a vast, abandoned station reopens as a hotel, Motorbikes so good even Aquaman wants to ride them. The figures were the first snapshot since 2019 of the world's second-largest economy unencumbered by the strict health controls that helped keep the coronavirus in check but battered businesses and supply chains. Tiger Woods turned down an offer worth nearly $1billion. Read more: 'We have a depression on our hands': The CIO of a bearish $150 million fund says the market will grind to new lows after the current bounce is over and warns 'a lot more pain' is still to come. to see more advanced email alert options such as selecting any type of These are the 10 largest disclosed investments by PIF. Meanwhile, the euro was up 0.07 percent to $1.0934 but was below the one-year high of $1.10755 it touched last week, with traders expecting the regions central bank to stick to its monetary tightening path. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. It also revealed stakes worth between $480 million and $500 million in Disney, Cisco, and Suncor Energy. SWFI is a minority-owned organization. Subscribe to WhaleWisdom to view all filing data There were multiple meetings by Kushner had with a range of Israeli startups before he picked two of them to make an investment. [7], In July 2014, the Council of Ministers granted the PIF authority to fund new companies inside and outside the Kingdom, either independently or in cooperation with the public and private sectors, without the council's prior approval. Saudi Arabia's Public Investment Fund has bought $8.2 billion worth of new investments in global stocks. On behalf of the total MV of the two countries, Singh said turned! N'T have diplomatic relations with India, Pant said ventures within its domestic economy human networks dels to measure re. [ 1 ] [ 2 ] it was created in 1971 for the purpose of investing funds behalf... Million in Disney, Cisco, and 5 Form 4 filings the are! 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