INVESTMENT SAUDI ARABIA TECHNOLOGY. Sovereign Wealth Fund Institute and SWFI are registered trademarks of the Sovereign Wealth Fund Institute. The Public Investment Fund reduced its holdings in US companies to $7.05 billion by the end of Q3 2020 from $10.1 billion in Q2 2020.The Kingdom's sovereign wealth fund acquired 13 million shares in Canada's NovaGold for $154.6 million, it said in a filing to the US Securities and Exchange Commission (SEC). Focus will now be on comments from Fed officials this week before they enter a blackout period from April 22, ahead of the central bank's May 2-3 meeting. [65] Dustin Johnson was allegedly paid $150million to join the Saudi-backed series. [9] For much of its history, the PIF was a passive entity that oversaw the Saudi state's equity in listed firms. For cost savings, you can change your plan at any time online in the Settings & Account section. [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. LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION, % of top 20 holdings the same as top 20 most commonly held by all managers. The Saudi Public Investment Fund has made many high profile investments in the billions of dollars. Yasir Al-Rumayyan also admitted that of the $35 billion spent by the PIF as part of this activity, it soon rose to $49 billion when markets rose. This will schedule a job to export all requested 13f holdings data for this filer. [59][60][61][62], LIV Golf's strategy differed from other leagues as it offered the richest golf tournaments in history and was able to convince star players to take part. 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. Business-oriented and enthusiastic Strategy Consultant with leadership, management, and solution design skills. Still, experts have warned that wider global trends could yet weigh on China's recovery. So, it is not only the figures we are looking at, but the quality of these figures, the quality of these jobs, said Al-Rumayyan. The Kingdoms sovereign wealth fund acquired 13 million shares in Canadas NovaGold for $154.6 million, it said in a filing to the US Securities and Exchange Commission (SEC). On the other hand, the fund exited five companies, namely Cisco, Berkshire Hathaway, Booking, Union PacificCorp.(UNP), and CNQ, along with theReal Estate Select Sector SPDR Fund and the Materials Select Sector SPDR Fund. [44], PIF owns a major indirect stake in Twitter, although many Saudis who use the platform for political dissent and activism are arbitrarily arrested and imprisoned. Editing by David Goodman, US warns companies over Russian oil price cap evasion via ESPO pipeline, BP's chief economist sees oil market tightening by H2 2023, Oil slips on economy worries, despite upbeat China data, Exxon declares force majeure on crude liftings in Nigeria, Nissan unveils new EV for China as it aims to up game in no. 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 . Meanwhile, the euro was up 0.07 percent to $1.0934 but was below the one-year high of $1.10755 it touched last week, with traders expecting the regions central bank to stick to its monetary tightening path. for 300m had been agreed between incumbent owner Mike Ashley and a prospective buying consortium consisting of the Public Investment Fund, PCP Capital Partners and Reuben Brothers. In this list, we take you through the investments and the rationale behind the buys. DUBAI, Aug 16 (Reuters) - Saudi Arabia's Public Investment Fund (PIF) bought shares in Alphabet (GOOGL.O), Zoom Video (ZM.O) and Microsoft (MSFT.O) as part of a wider pick of U.S. stocks,. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. Equal-WTWhaleScore 2.0 It is among the largest sovereign wealth funds in the world with total estimated assets of US$ 620 billion ( 514 billion). CBAs Clifton said Britains policymakers would be watching the wages data closely for further confirmation that private sector income growth is slowing. 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. (This story corrects lead to show $40.8 bln is portfolio's market value, not Q2 investments). We will be in touch soon. [67] However, some other renowned players also rejected the new league. 2008-2023 Sovereign Wealth Fund Institute. for PUBLIC INVESTMENT FUND, Top 20 equal-weighted holdings. 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,. Now, our priority of trade has changed after the Ukraine war. Riyadh-based Sanabil is an investment company that commits approximately $3 billion a year to private transactions, its website says. Saudi Arabia. Our Standards: The Thomson Reuters Trust Principles. The government is looking to increase work within the sports sector and has an important strategy in place. Japan's Nissan Motor on Tuesday unveiled a new electric sport-utility vehicle (SUV) at the Shanghai auto show as it pledged its commitment to the Chinese auto market, which it said was likely to continue to pioneer the rise of electric cars. 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. 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. The Kingdom didn't have diplomatic relations with Israel and was neither a part of the Abraham Accords. Saudi Arabia's sovereign wealth fund has disclosed investments in dozens of private equity and venture capital firms via its Sanabil Investments arm, including Blackstone and General Atlantic.. 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. Saudi Arabias Public Investment Fund has bought $8.2 billion worth of new investments in global stocks. Lists Featuring This Company Venture Capital Investors with Investments in Moscow City 206 Number of Organizations $15.7B Total Funding Amount 52 Number of Investors Track Finance Companies With More Than 10 Employees (Top 10K) All quotes delayed a minimum of 15 minutes. The state remains Aramco's biggest shareholder, owning 90.18% of the company. 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. PIF advisers raised questions about the merits of the investment, but PIF management overruled the advisers. 1 Established in 1971 by Royal Decree, the PIF has financed many key Saudi projects. Is Wiltons new coronation menu fit for a king? Their last reported 13F filing for Q4 2022 included $30,938,670,069 in managed 13F securities and a top 10 holdings concentration of 66.62%. The Public Investment Fund (PIF) is building a diversified portfolio by investing in attractive, . 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. Although Mohammad bin Salman is the chairman of PIF, PIF has denied "any suggestion that the decision-making or conduct of the board of PIF is unduly influenced (or influenced in any way contrary to the principles of good governance) by the crown prince." [74] After the March 2023 United States bank failures had gripped the global banking sector, Saudi National Bank chairman Ammar al-Khudair publicly stated on 15 March 2023 that they would "absolutely not" supply Credit Suisse with more capital (referencing the regulatory requirements for 10%+ shareholders as the reason why), which then promptly caused the share price of Credit Suisse to drop 25% more. (File). Registration on or use of this site constitutes acceptance of our terms of use agreement which includes our privacy policy. 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. RIYADH: Gold prices rose on Tuesday after two sessions of losses as the dollar eased, while investors sought more clarity on the USFederal Reserve's monetary policy stance. [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. [1], In 2021, PIF invested $1billion in the investment fund established by former Donald Trump administration official Steven Mnuchin just after he left government. 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. or [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. Save. Public Investment Fund of Saudi Arabia (PIF) is a Sovereign Wealth Fund located in Riyadh Saudi Arabia, Middle East, and was founded in 1971. RIYADH: A 4 percent stake in energy giant Saudi Aramco has been transferred from state ownership to Sanabil Investments, the investment arm of the Kingdoms sovereign wealth fund, said Crown Prince Mohammed bin Salman on Sunday. [56] The attempted takeover was "a blatant example of Saudi sportswashing", according to Kate Allen of Amnesty International UK. Download 13F Summary 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. Financed many key Saudi projects plan at any time online in the billions of dollars state Aramco... Job to export all requested 13F holdings data for this filer attempted takeover was pif investments list a example! That private Sector income growth is slowing on China 's recovery not Q2 investments ) remains 's... 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