The company is currently implementing hiring freezes and furloughs, and has implemented 50% pay cuts for top executives, with its CEO Michael Rapino nixing his full salary. PIF (Public Investment Fund) Managing Director Yasir bin Othman Al-Rumayyan attends the Russian-Saudi Investment Forum held at the Ritz-Carlton Moscow Hotel. Author: MAGNiTT. Saudi Arabia aims at transferring the PIF from a mere local authority to the largest sovereign fund in the world. Saudi Arabia's Public Investment Fund invests Rs 9,555 crore in Mukesh Ambani's Reliance Retail Total 3.21 lakh shares changed hands amounting … PIF - Public Investment Fund Currently selected. Carnival has lost 75% of its value year-to-date amid the worldwide halt in leisure travel and several disastrous coronavirus outbreaks on its cruise ships. The Saudi Public Investment Fund … Saudi Arabia’s sovereign wealth fund, known as the Public Investment Fund (PIF), has beefed up its investments around the world since Crown Prince Mohammed bin Salman took charge of the fund … Yazeed Alhumied has been the chief of staff at the Public Investment Fund (PIF) since 2016. All Rights Reserved. Through such partnerships, the PIF facilitates the transfer of technology and expertise, subsequently building competitive advantages while bolstering direct foreign investments in Saudi Arabia. The ​Public Investment Fund (PIF) of Saudi Arabia is one of the largest sovereign wealth funds in the world. © Son portefeuille d’investissement est constitué d’environ 200 investissements [1 The purchase follows numerous reports of … Saudi Arabia's public investment fund assets grew 1.48 percent in Q4 of 2018, reaching $29.83 billion, compared to $29.39 billion in the same period last year. Careers; GDP; Contact Us AR العربية Twitter Linked in Youtube Sound Vision. The purchase by Saudi Arabia's Public Investment Fund comes as Live Nation — the world's largest concert and events promoter — is seeing revenues vanish as the coronavirus pandemic hammers the events industry and the global economy. It oversees more than $300 billion in assets and has stakes in numerous major companies ranging from Uber and electric vehicle company Lucid Motors to a $45 billion investment in Softbank's $100 billion Vision Fund. As a global player, the fund actively engages its vast network to bring select strategic partners to the Kingdom in these new sectors. PIF’s Chief of Staff, Yazeed AlHumied, as new Head of the Fund’s Local Holdings Investments. In early April, the Saudi fund disclosed an 8.2% stake in the beleaguered cruise operator Carnival Corp, sending that company's shares up nearly 30% on the day the news was announced. The purchase follows numerous reports of the Saudi wealth fund buying stakes in companies whose stock prices have been obliterated by the Covid-19 pandemic. Le Fonds public d'investissement d'Arabie saoudite (Public Investment Fund ou PIF) est un fonds souverain d'investissement détenu par le Royaume d'Arabie saoudite.En 2017, il est classé 11 e plus grand fonds souverain au monde par la taille de ses actifs. The Public Investment Fund is developing a portfolio of high quality domestic and international investme nts, diversified across sectors, geographies and asset classes. Saudi Arabia's huge sovereign wealth fund is aiming to pour billions more into foreign investment. In addition, PIF’s portfolio companies have wide-ranging global operations.​, جميع الحقوق محفوظه The ​Public Investment Fund seeks to become one of the largest sovereign wealth funds in the world. Established in 1971, the Public Investment Fund is a Saudi Arabian Sovereign wealth Fund. Helsinki, Finland, December 8th, 2020 at 2.00 pm – QPR Software delivers Strategy and Performance Management software to Public Investment Fund (PIF) from Saudi Arabia. About PIF; Leadership. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Saudi Arabia's investment makes its Public Investment Fund the third-largest shareholder in the company after Liberty Media Corp and Vanguard Group. It was founded for the purpose of investing funds on behalf of the Government of Saudi Arabia. Working alongside global strategic partners and renowned investment managers, PIF acts as the Kingdom’s main investment arm to deliver a strategy focused on achieving attractive financial returns and long-term value for the Kingdom of Saudi Arabia. The stake, worth about $518 million based on the company's current stock price, comprises 12,337,569 shares, according to a filing with the Securities and Exchange Commission on Monday. To be a global investment powerhouse and the worl​d’s most impactful investor, enabling the creation of new sectors and opportunities that will shape the future global economy, while driving the economic transformation of Saudi Arabia. 2018 - 2017. The Public Investment Fund (PIF) is the sovereign wealth fund of Saudi Arabia. Get this delivered to your inbox, and more info about our products and services. Saudi Arabia’s investment makes its Public Investment Fund the third-largest shareholder in the company after Liberty Media Corp and Vanguard Group. Data is a real-time snapshot *Data is delayed at least 15 minutes. Investors who aren't billionaires can invest more modest amounts in Saudi Arabia and the surrounding region through any of a handful of exchange-traded funds (ETFs) that … The Public Investment Fund (PIF) was established in 1971 as the sovereign wealth fund of the Kingdom of Saudi Arabia. Live Nation's stock price closed at $42.01 on Monday, up 9.86% from the previous day. Public Investment Fund (PIF) | 284,125 followers on LinkedIn. The Public Investment Fund Vision Realization Program strengthens the Public Investment Fund, which is the engine behind economic diversity in the KSA. It is among the largest sovereign wealth funds in the world with total estimated assets of $382 billion. Saudi Arabia is now the second-largest stakeholder in what is the world's largest cruise company after its chairman, Micky Arison, who owns a roughly 16% stake. | About Public Investment Fund (PIF) is building a world-class domestic and international investment portfolio, and is positioned to be transformed into the world’s largest sovereign wealth fund. A Division of NBCUniversal. Established in 1971 by Royal Decree, the PIF has t … © 2020 CNBC LLC. See the latest updates, context, and perspectives about this story. Saudi private funds rose 25.8 percent in the Q4 to $47.54 billion, compared with $37.77 billion in the same quarter in 2017. Thus, PIF is … Saudi Arabia's sovereign wealth fund, which is one of the largest in the world, sold off 50% of its stock in Warren Buffett's Berkshire Hathaway, according to a … Get Public Investment Fund contact details such as address, phone number, website, latest news and more at Arabianbusiness The Public Investment Fund is the kingdom's primary vehicle for expanding its domestic and international investments and is a key part of Saudi Crown Prince Mohammed bin Salman's Vision 2030, which is aimed at diversifying the country's economy away from oil reliance. In addition, PIF ’ s Local Holdings investments behind economic diversity in the company Liberty! Funds in the KSA the Ritz-Carlton Moscow Hotel investissement est constitué d ’ investissement est constitué d ’ environ investissements... 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