pif investments list
"Given the sharp moves of late and little tier-1 economic data to guide this week, we should expect gold to consolidate in the $1,980-$2,020 range," said OCBC FX strategist Christopher Wong. [34][35] Al-Rumayyan presented a new investment strategy for the fund, based on four objectives of maximizing assets, investing in new sectors, localizing technologies, and developing economic partnerships. Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. Whalewisdom has at least 26 13F filings, 17 13G filings, and 5 Form 4 filings. the PIF investments and the impact on the performance of the target firms listed o n Tadawul. The FPSO, owned and operated by Bluewater, stopped production in October 2021 to enable the fields upgrade. Ideally, India would like to join the FTA, butI dont think in the course of war anything substantial can be done. email address below and choose 'Submit'. RIYADH: Oil firmed slightly on Tuesday, recovering from a 2 percent slide in the previous session, as faster economic growth in top crude importer China supported the demand outlook and offset fears over US interest rates. Geographically, PIF has expanded its investments in North America, Europe, Asia, Latin America, and Africa. Errors are noted below: Thanks for reaching out. There was an error. In this list, we take you through the investments and the rationale behind the buys. Their last reported 13F filing for Q4 2022 included $30,938,670,069 in managed 13F securities Crude oil stored in the US Strategic Petroleum Reserve fell by 1.58 million barrels last week to its lowest in nearly 40 years, data from the Department of Energy showed, on a mandated sale of oil from the emergency stash. Investment bankers and analysts have so far reacted with scepticism, telling Reuters it would be hard for Musk, whose net worth is pegged by Forbes at $22 billion, to raise the equity . and other data for a number of reasons, such as keeping FT Sites reliable and secure, 2008-2023 Sovereign Wealth Fund Institute. The CME FedWatch tool shows that markets are pricing in a 87.4 percent chance of a 25 basis point hike in May. Gold is considered a hedge against inflation and economic uncertainties, but higher interest rates dim the non-yielding bullion's appeal. US emergency crude oil reserves fall by 1.58m barrels Access your favorite topics in a personalized feed while you're on the go. "Loss in household wealth due to the real estate crisis and loss of household income during the pandemic are factors why consumers have not spent more.". Meanwhile, Aramco, in a statement to Tadawul said that the transfer will not affect Aramcos total number of issued shares, as the shares transferred will rank equally alongside other existing ordinary shares in the firm. More than half of the investments have come in two sectors: Travel, Tourism and Entertainment and Traditional Energy aka oil companies. Our Standards: The Thomson Reuters Trust Principles. [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]. Fund's Sanabil Investments arm publishes first list of partners. Saudi Arabia's PIF discloses investments in dozens of buyout firms. The PIF is pursuing a two-pronged strategy, building an international portfolio of investments while also investing locally in projects that will help to reduce Saudi Arabias reliance on oil. [56] The attempted takeover was "a blatant example of Saudi sportswashing", according to Kate Allen of Amnesty International UK. [3] The wealth fund has been controlled by Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler since 2015. (This story corrects lead to show $40.8 bln is portfolio's market value, not Q2 investments). Chinas economy grew by a faster-than-expected 4.5 percent in the first quarter, with hopes of oil demand recovery buoyed further by a surge in oil refinery throughput to record levels in March. [31], During the 2017 Saudi-US CEO Forum, which was part of President Donald Trump's official trip to Saudi Arabia, PIF announced plans to "invest $40billion in infrastructure projects, mostly in the U.S." Blackstone, whose CEO and founderStephen A. Schwarzmanis a top supporter of Trump, entered into a non-binding memorandum by which the PIF committed $20billion to the project. This map represents countries where PIF has carried out dire ct investments. Together with the Eurasian Economic Commission, it is planned to intensify negotiations with India to conclude a free trade agreement.. Sign In 0 04 Our latest updates Latest News The Public Investment Fund Achievements For a full comparison of Standard and Premium Digital, click here. 1 auto market, G7 puts focus on push for global fossil fuel phaseout deal, J&J lifts profit forecast as cancer drugs, Stelara buoy pharma unit, Exclusive: Airbus advises airlines of 2024 delays, keeps output goals, AstraZeneca confident new COVID antibody protects against known variants. Opinions expressed in the comments section do not reflect the views of Argaam. Oversea-Chinese Banking Corp. currency strategist Christopher Wong said it was quite an encouraging report, with retail sales, GDP and property sales all higher than expected, reinforcing that post-pandemic recovery momentum remained intact. T he Fund also undertakes investments in externally managed fund and non-fund structures which are active across multiple geographies. April 16, 2023 10:26. While an FTA with the Moscow-led Eurasian Economic Union has been discussed for years without much progress, Indias trade priorities shifted after the Russian invasion, said Amitabh Singh, an associate professor at the Centre for Russian and Central Asian Studies at Jawaharlal Nehru University. They also include investment shares in companies in the Kingdom as well as the 'Middle East North Africa' (MENA) region, including listed joint-stock companies or private companies. sovereign wealth funds and state-business relations in Saudi Arabia", "Revealed: Newcastle chairman's links to Saudi 'anti-corruption' drive", https://en.wikipedia.org/w/index.php?title=Public_Investment_Fund&oldid=1150310358, This page was last edited on 17 April 2023, at 11:53. or to simply have an email sent to you whenever we receive a new Saudi Aramcos 4% stakes transferred to PIFs Sanabil Investments, Oil Updates Crude prices edge up; BPs chief economist sees oil market tightening in H2 2023, Gold rises on dollar pullback; clarity on Fed policy awaited, Chinas economy rebounds after zero-Covid scrapped, Dollar pauses for breath as China GDP beats estimates, India, Russia to intensify talks on free trade pact with Moscow-led bloc, Saudi Arabia reports 355 new COVID-19 cases, Saudi Arabia reports 153 new COVID-19 cases, Saudi Arabia reports 280 new COVID-19 cases, 2 deaths, KSA reports 87 new COVID-19 cases, 1 death, Tunisian authorities ban meetings at opposition Ennahda party offices, Saudi basketball player opens door for next generation of female ballers, Ramadan recipes: A Maldivian take on maqluba for an Eid Al-Fitr party treat, Egyptian filmmaker Haya Khairat to wincinematographyaward at Cannes Film Fest, For Palestinians, holiest Ramadan night starts at checkpoint, Kings leave Warriors in hole, Sixers take 2-0 lead, Aramco, Saudi Coffee Co. ink deal to improve the brew in the Kingdom, Aramco JV breaks ground on China petchem complex, Gold gains on dollar pullback; investors weigh Fed rate hike prospects, China auto show highlights intense electric car competition, Dollar falls after weak retail sales data, Ukraine rejects Iraqi offer to mediate talks with Russia, Elon Musk says hell create TruthGPT to counter AI bias, Japans ambassador to Iraq meets Iraqi PM, encourages private sector investment, Cairo working around the clock to safeguard Egyptians caught up in Sudan crisis, Egypt faces a diplomatic challenge as Sudan plunges deeper into crisis, Runaway growth of AI chatbots portends a future poised between utopia and dystopia, New Delhi maintains expanding ties with both Moscow and the West, Russian deputy PM is on two-day visit to New Delhi. The government is looking to increase work within the sports sector and has an important strategy in place. 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. Any changes made can be done at any time and will become effective at the end of the trial period, allowing you to retain full access for 4 weeks, even if you downgrade or cancel. In October 2022, Yasir Al-Rumayyan (the governor of PIF) gave an interview where he spoke about resisting the ambitious international stock buying activities being promulgated by Mohammad bin Salman at the beginning of 2020 as the world was grappling with COVID-19. for Q4 2022. Still, experts have warned that wider global trends could yet weigh on China's recovery. Through Kushner's firm, Saudi could open to Israeli businesses, which could prove to be lucrative for the Arab country. The PIF maintained its ownership in Uber, Live Nation, Carnival, Suncor Energy Inc., Automatic Data Processing Inc., and the Utilities Select Sector SPDR Fund. 13F filing from PUBLIC INVESTMENT FUND, enter your as well as other partner offers and accept our, Andrew Francis Wallace/Toronto Star via Getty Images, Visit Business Insider's homepage for more stories, according to a Securities and Exchange Commission filing last week, GOLDMAN SACHS: Buy these 21 cheap, unappreciated stocks that offer above-average growth potential, invested in a range of European oil companies last quarter, '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, Registration on or use of this site constitutes acceptance of our. . The dollar can remain sensitive to the strength, or not, of the economic data as the Fed likely nears the end of their tightening cycle, said Kristina Clifton, an economist at the Commonwealth Bank of Australia. The Japanese yen was flat at 134.48 per dollar, while the sterling last traded at $1.2381, up 0.06 percent on the day. [1]: [1] Within the Donald Trump administration, Kushner was a staunch defender of Saudi ruler Mohammed bin Salman. [67] However, some other renowned players also rejected the new league. [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. The private company introduced a professional tour, LIV Golf, also referred to as the Super Golf League. 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. Earlier this month, in its first disclosure of investments, Sanabil Investments revealed its ties to more than 50 venture capital and private equity firms including Blackstone, KKR & Co., Andreessen Horowitz, General Atlantic, Hellman & Friedman and Platinum Equity. The statement also added that the transfer will not have any implications on the companys operations, strategy, dividends distribution policy or governance framework. Saudi Arabia's Public Investment Fund (PIF) has established five regional investment companies in Jordan, Bahrain, Sudan, Iraq and Oman, Crown Prince Mohammed bin Salman announced on Wednesday . Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. It ended the period with stakes worth between $75 million and $80 million in Warren Buffett's Berkshire Hathaway, Booking.com, IBM, Pfizer, Qualcomm, and Starbucks. for PUBLIC INVESTMENT FUND, Top 20 equal-weighted holdings. Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. Separately, PIF has invested $3.5 billion in Uber in 2016, and its managing director Yasir Al Rumayyan sits on the company's board. ? Share Logo of the Public Investment Fund (PIF) Brazil's BRF Co. stated that it signed a memorandum of understanding (MoU) with the Public Investment Fund ( PIF) to establish a joint venture (JV) to produce and sell poultry products in the Kingdom. Argaam.com Copyright 2023, Argaam Investment, All Rights Reserved, {{getCommenterName(comment.ParentThreadID)}}. Public Investment Fund of Saudi Arabia (PIF) is a Sovereign Wealth Fund located in Riyadh Saudi Arabia, Middle East, and was founded in 1971. You can still enjoy your subscription until the end of your current billing period. [65] Dustin Johnson was allegedly paid $150million to join the Saudi-backed series. According to data published by the National Bureau of Statistics, the official growth figure for January to March was 4.5 percent -- significantly higher than the 3.8 percent predicted by analysts in an AFP poll. With effective, long-term investments, PIF endeavors to be a leading investor while sparking an impact felt beyond Saudi borders. The PIF expanded its staff from 50 in 2015 to nearly 500 in 2018. 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. Now, our priority of trade has changed after the Ukraine war. [52], Human rights organizations criticized the Premier League for allowing PIF to purchase a Premier League club. The Softbank Vision Fund was created in May 2017 by the Softbank Group and the Public Investment Fund (PIF). Stocks in the SPR fell to 368 million barrels in the week to April 14, its lowest level since Oct 1983, based on DOE and Energy Information Administration data. [5][6], The Saudi Arabian Public Investment Fund (PIF) was established by the King Faisal bin Abdulaziz Al Saud in 1971[7] by Royal Decree M/24[8] with the stated intent to provide financing support for projects of strategic significance to the national economy. DUBAI, April 16 (Reuters) - A 4% stake in oil major Saudi Aramco (2222.SE) has been transferred from state ownership to Sanabil Investments, which is wholly owned by the Saudi Arabia's sovereign wealth fund, Crown Prince Mohammed Bin Salman said on Sunday. Know more about our Privacy Policy here. [1] By April 2022, Kushner's equity firm primarily depended on Saudi money, as it only had $2.5billion under its management. The Public Investment Fund (PIF) is building a diversified portfolio by investing in attractive, long-term opportunities locally and internationally. Currently, the sovereign fund owns 71 companies in 10 different sectors, creating more than 500,000 direct and indirect jobs. All Rights Reserved. Bin Salman threatened that there would be economic consequences for the UK if the government blocked the takeover these threats occurred in the context of a strategic partnership between the Saudis and the UK where the Saudis proposed to invest $30 billion into the UK economy over a ten-year period. Saudi Arabia. Read more: GOLDMAN SACHS: Buy these 21 cheap, unappreciated stocks that offer above-average growth potential. SWFI is a minority-owned organization. [75], PIF has been characterized as among the least transparent sovereign wealth funds in the world. Norman dismissed the questions saying, "We've all made mistakes" and that Saudi wanted "to move forward". The Public Investment Fund ( PIF; Arabic: ) is the sovereign wealth fund of Saudi Arabia. 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. "[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. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. [2]: Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. Earlier, we were not buying crude oil from Russia, and now we are doing that. Amnesty International pointed to Saudi Arabia's human rights record, and said that the Premier League must introduce standards whereby human rights violators cannot own Premier League clubs. The global oil market will likely tighten in the second half of 2023 after the recent decision by the Organization and Petroleum Exporting Countries and its allies, known as OPEC+, to cut oil production, according to Spencer Dale, BP plcs chief economist. Exclusive news, data and analytics for financial market professionals, Reporting by Hadeel Al Sayegh In November 2022, PIF Governor Yasir Al-Rumayyan said that PIF is committed to creating more job opportunities in the future. and a top 10 holdings concentration of 66.62%. the MV of securities sold, whichever is less, Public Investment Fund is based out of Riyadh. All text and design is copyright 2020 WhaleWisdom.com. SRC is wholly owned by the Public Investment Fund of Saudi Arabia (PIF), whose ownership cannot be below 51% as per Royal Decree. So, it would require a rethink in terms of the FTA, Singh told Arab News. While Russia has long been Indias top source of military hardware, last month it became New Delhis top supplier of crude oil, displacing Iraq. Public Investment Fund's largest holding is Lucid Group Inc with shares held of 1,109,006,595. A key driver of the standout reading was a bounce in retail sales, the main indicator of household consumption, as shoppers and diners once again hit high streets and malls. [23] In 2020, PIF purchased minority stakes in major U.S. companies including Boeing, Facebook and Citigroup. "[33], In October 2017, it was announced that PIF would aim to increase its assets under management to more than $400 billion and create more than 20,000 new jobs by 2020. 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. It also disclosed a small stake in Berkshire Hathaway. Despite the global economic slowdown due to the COVID-19 pandemic, PIF has taken advantage of investment . [1/4]Small figurines are seen in front of displayed Alphabet logo in this illustration taken February 11, 2022. In contrast . 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. 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. Tiger Woods turned down an offer worth nearly $1billion. 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. LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION, % of top 20 holdings the same as top 20 most commonly held by all managers. A 2021 report by Global SWF found that PIF's Governance, Sustainability, and Resilience (GSR) score had risen by 12% to an overall score of 40% (out of 100%) that year. INVESTMENT SAUDI ARABIA TECHNOLOGY. The industry leader for online information for tax, accounting and finance professionals. Russias Deputy Prime Minister Denis Manturov and Indias Foreign Minister Subrahmanyam Jaishankar held a meeting with business leaders from the two countries on Monday as part of Manturovs two-day visit to the South Asian country. [66] Phil Mickelson also committed to the series after signing a $200million contract. The concern was that giving the PIF tens of billions of dollars from the Saudi central bank to fund this stock buying was risky and might devalue the local currency. Following on the success of its VRP 2018-2020, the . Our Standards: The Thomson Reuters Trust Principles. The kingdom's Public Investment Fund grew its US stock portfolio from about $2.2 billion at the end of December to $9.8 billion at the end of March,according to a Securities and Exchange Commission filing last week. After years of travel restrictions and quarantines, Chinese people in recent months have finally returned to restaurants and started to move around more freely, giving much-needed stimulus to services. It also divulged its direct investment portfolio, which included the machine learning-based discovery engine Atomwise, customer experience software company ActionIQ and cybersecurity platform Vectra, to name a few. Abusive comments of any kind will be removed. It also revealed stakes worth between $480 million and $500 million in Disney, Cisco, and Suncor Energy. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. They want to invest in it whether or not it goes through, whether or not there is any possibility of succeeding., This transfer of stakes is a part of Saudi Arabias long-term initiatives to boost and diversify the national economy. (File). 1 Established in 1971 by Royal Decree, the PIF has financed many key Saudi projects. cookies The Public Investment Fund (PIF) of Saudi Arabia is one of the largest sovereign wealth funds in the world. These investments maximize the value of PIF portfolio companies and achieve long-term sustainable returns. [1][2] It was created in 1971 for the purpose of investing funds on behalf of the Government of Saudi Arabia. All quotes delayed a minimum of 15 minutes. It is among the largest sovereign wealth funds in the world with total estimated assets of US$ 620 billion ( 514 billion). Here's what we know and don't know", "Saudi golf group set to unveil new series with Greg Norman as commissioner", "The LIV Golf series: What we know, what we don't, and the massive ramifications of the Saudi-backed league", "What Is LIV Golf? The move was intended to take advantage of higher hydrocarbon prices towards funding the expansion of the PIF in its overarching goal to diversify investments. The PIF, which manages $620 billion in assets, is at the centre of Saudi Arabias plans to transform the economy by creating new sectors and diversifying revenues away from oil. 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. High in the Pyrenees, a vast, abandoned station reopens as a hotel, Motorbikes so good even Aquaman wants to ride them. Brent crude climbed 12 cents to $84.88 a barrel at 11.30 a.m. Saudi time and the US West Texas Intermediate rose 8 cents to $80.91. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. MIS will be responsible for the supply and integration of the audio, visual, digital signage, and smart services solutions . This research conducted three multiple regression mo dels to measure the re lation between . [48] However, the Premier League controversially refused to ratify the deal and so Mike Ashley subsequently engaged in various legal proceedings against the Premier League in an attempt to complete the takeover. Standard Digital includes access to a wealth of global news, analysis and expert opinion. | Saleem Alsharari - . India and Russia have not been able to achieve the level of trade relations that they could (potentially) have. ? 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