Moody’s affirms A1 issuer rating for PIF

Moody's Investors Service has maintained the long- and short-term issuer ratings of Saudi Real Estate Refinance Company (SRC) at 'A2/P-1' and changed...

Financial

PIF invests $1.3bn in Saudi construction firms

Saudi sovereign wealth fund PIF (Public Investment Fund) has announced investments worth US $1.3bn in four leading local construction companies, via subscribing...

Financial

PIF raises US $5.5bn with second green bond

Saudi Arabia’s Public Investment Fund (PIF) has completed its second green bond issuance, which raised US $5.5bn to finance or refinance its...

Construction

PIF & AeroFarms sign deal to develop vertical farms across MENA

An agreement between Saudi Arabia’s Public Investment Fund (PIF) and AeroFarms has been inked. As per the terms of the deal, a...

Operations & Maintenance

AlUla Development Company launches operations to support development of AlUla

The PIF-owned AlUla Development Company has launched operations in support of the development of AlUla, it has been announced. According to a...

Construction

Saudi’s PIF and Samsung C&T partner to develop construction tech and modular housing

A collaboration agreement has been signed by Saudi Arabia’s Public Investment Fund (PIF) and Engineering & Construction Group. The latter is a...

Construction

RSG awards $266mn contract to AL-AYUNI for first phase of development at Amaala

Red Sea Global (RSG) has awarded a US $266.3mn contract to AL-AYUNI Investment and Contracting Company, for the first phase of development...

Financial

PIF and Ma’aden sign JV to establish new entity to invest in global mining assets

Saudi Arabia’s Public Investment Fund (PIF) and the Saudi Arabian Mining Company (Ma’aden) have signed a joint venture (JV) agreement to establish...

Construction

Diriyah to become PIF’s fifth giga-project

His Royal Highness Crown Prince Mohammad bin Salman bin Abdulaziz, Prime Minister and Chairman of the Public Investment Fund (PIF) has announced...

Construction

SEVEN partners with Warner Bros. Discovery for entertainment destinations

Public Investment Fund (PIF) owned Saudi Entertainment Ventures (SEVEN) has signed an exclusive partnership agreement with Warner Bros. Discovery, to bring purpose-built...