Where does the PIF get its money?
The PIF currently receives most of its capital through asset transfers and capital injections from the government. On March 7th the Saudi government revealed that 8% of Saudi Aramco's equity, worth about $164bn, had been transferred to the fund, doubling its stake in the state oil giant.
It was created in 1971 for the purpose of investing funds on behalf of the Government of Saudi Arabia. The wealth fund is controlled by Crown Prince Mohammed bin Salman, Saudi Arabia's de facto ruler since 2015.
The PIF, controlled by Saudi Crown Prince Mohammed bin Salman, has total estimated assets of $776 billion. The Saudi fund has sought frequent deals and joint ventures in its pursuit toward Vision 2030 — a plan originally launched in 2016 which aims to increase economic diversification away from oil.
- Utilities & Renewables.
- Aerospace & Defense.
- Automotive.
- Construction & Building Components and Services.
- Consumer Goods and Retail.
- Entertainment, Leisure & Sports.
- Financial Services.
Is it profitable? It's hard to tell how profitable the PIF's bets have been. It took an $11 billion loss on investments in 2022 as global markets tumbled. A $45 billion commitment to SoftBank Group Corp.'s technology focused Vision Fund, probably its biggest international deal, has failed to deliver big gains.
Saudi Arabia has a sovereign wealth fund called the Public Investment Fund, which has more than $35 billion in American companies like Amazon, Walmart, rideshare and the food delivery company Uber Technologies, as well as the major ticketing platform Live Nation Entertainment.
Public Investment Fund's top holdings are Lucid Group, Inc. (US:LCID) , Uber Technologies, Inc. (US:UBER) , Electronic Arts Inc. (US:EA) , The Select Sector SPDR Trust - The Utilities Select Sector SPDR Fund (US:XLU) , and Take-Two Interactive Software, Inc.
Some estimates of the royal family's wealth measure their net worth at $1.4 trillion.This figure includes the market capitalization of Saudi Aramco, the state oil and gas company, and its vast assets in fossil fuel reserves, making them the wealthiest family in the world and the wealthiest in recorded history.
Saudi Arabia's FDI in the United States (stock) was $6.8 billion in 2022, up 7.0 percent from 2021.
DUBAI, Feb 14 (Reuters) - Saudi Arabia's sovereign Public Investment Fund held $30.9 billion worth of U.S. stocks at the end of 2022, down from $36.8 billion at the end of September, dragged down by a $6.8 billion decrease in value of electric carmaker Lucid (LCID.
What is the purpose of PIF?
The Pacific Islands Forum (PIF) is an inter-governmental organization that aims to enhance cooperation among countries and territories of Oceania, including formation of a trade bloc and regional peacekeeping operations.
The Public Investment Fund (PIF) currently has 1,940 employees, divided into 1,601 Saudis and 339 non-Saudis. According to PIF's annual report, there are 584 female employees and 1,356 male employees.
In February 2022, Crown Prince Mohammed transferred 4% of Aramco to the PIF. Last year, the prince transferred another 4% stake to the Saudi Arabian Investment Co., known as Sanabil Investments. Sanabil is under the PIF.
The PIF was created in 1971 for the purpose of investing the Saudi government's funds into a diverse portfolio of international assets. Since 2015, the PIF has fallen under the control of Crown Prince Mohammed bin Salman, the country's de facto ruler.
Newcastle United – when you factor in their ownership by the £600 billion-valued PIF and their status as a one-city club in the world's richest, most prestigious league – is likely the wealthiest football club on earth.
As of July 2022, the PIF has reached $700bn in assets under management, created 500,000 direct and indirect jobs, and established 79 companies, such as the Saudi Coffee Company.
Saudi Arabia's Public Investment Fund (PIF), which is chaired by Crown Prince Mohammed bin Salman, has bought $7bn of shares in US companies including Starbucks, Zoom and Microsoft.
In September 2022, Bloomberg reported that the PIF led the bid for a minority stake in Alshaya Group's Starbucks Corp. franchise. Alshaya Group plans to sell a stake of up to 30% in the Starbucks unit, which runs around 2,000 outlets in 13 countries across the Middle East and North Africa.
The core logic underpinning the relationship is that the United States of America (U.S.) provides military protection of the Kingdom in exchange for a reliable oil supply from the Saudis, pricing of oil in U.S. dollars, and Saudi support for American foreign policy operations across the world.
The fund disclosed the stakes in a regulatory filing Friday afternoon. The PIF bought more than 5 million shares in Disney, which it valued at just under $500 million, and more than 3 million shares in Facebook for $520 million.
What sports does PIF own?
- Football. Saudi's Public Investment Fund (PIF) bought Newcastle United in 2021 after years of legal wrangling. ...
- Golf. ...
- Cricket. ...
- Horse racing. ...
- Boxing. ...
- Formula 1. ...
- Tennis. ...
- Wrestling.
Specific criteria and principles. The Private Investment Fund is a regulated product with a focus on strong corporate governance, including managing conflicts of interest.
Alwaleed bin Talal is a Saudi royal and billionaire. A renowned international investor, his Kingdom Holding Company owns significant stakes in companies around the world, including Citigroup and Snap. Bloomberg.
Worth 5 times more than Elon Musk and Bill Gates combined, the Saudi royal family leads a life so luxurious that even billionaires cannot imagine – Their megayacht has a $450M painting, they drive gold plated supercars and their palaces have thousands of rooms. The House of Saud comprises 15,000 people.
As well as maintaining opulent lifestyles, the Saudi monarchy has been pumping its extensive wealth into fuelling the Middle East's wars.
