Saudi Entertainment Ventures (SEVEN), a wholly owned subsidiary of Qiddiya Investment Company (QIC) and a PIF company, has officially opened the doors of its Abha destination, marking the launch of the first entertainment destination in the kingdom's Aseer region.
Lucid Group, maker of the world’s most advanced software-defined vehicles and technologies, today outlined a comprehensive operational reset focused on strengthening execution, reducing cash burn and improving the customer experience, even as it announced the company's financial results for the second quarter of this year.
New Murabba, a unit of sovereign wealth fund PIF and the master developer of Riyadh’s modern downtown, has signed an agreement with Almana Medical Group to develop a 200-bed general hospital within its mega Saudi destination at a total investment of SAR1 billion ($266 million).
Saudi Arabia's Public Investment Fund (PIF) said in 2025 its revenue rose 9% year-on-year to $120 billion, while net profit more than doubled to $17 billion, supported by stronger contributions from maturing portfolio companies.
Saudi Real Estate Refinance Company, a PIF company, has announced the successful pricing of its third international issuance of sukuk with an aggregate value of $2.75 billion. It comprises two tranches - a $1.25 billion with a 5.5-year tenor and a $1.5 billion tranche with a 10-year tenor.
Jada Fund of Funds, a wholly owned subsidiary of the Public Investment Fund, established to develop Saudi Arabia’s private capital ecosystem, has announced its strategic commitment to Growth Catalyst Fund I, a Saudi-based private equity fund with a targeted fund size of SAR750 million ($ 200 million), focused on scaling high-potential mid-market companies across the Kingdom.
Saudi Downtown Company, a unit of sovereign wealth fund PIF, has signed up Al Ajimi Contracting to build a substation as well as associated electrical infrastructure at its premium mixed-use development - Al Khobar Downtown - coming up in the kingdom’s Eastern Province.
The Helicopter Company (THC), a Public Investment Fund (PIF) company and Saudi Arabia’s leading commercial helicopter operator, today announced an additional order of 11 Leonardo helicopters at Farnborough International Airshow in the United Kingdom.
Saudi Downtown Company, a unit of sovereign wealth fund PIF, has announced that it has awarded the design and infrastructure development works contract for Al Khobar Downtown, a major mixed-use lifestyle, retail and entertainment destination coming up in the kingdom’s Eastern Province.
Saudi sovereign wealth fund PIF said it has signed an agreement with infrastructure investor I Squared Capital to explore the deployment of up to $2 billion in real estate and infrastructure assets owned by the sovereign wealth fund and its portfolio companies.
