pif investments list

Earlier, we were not buying crude oil from Russia, and now we are doing that. These are the 10 largest disclosed investments by PIF. The FPSO, owned and operated by Bluewater, stopped production in October 2021 to enable the fields upgrade. Still, experts have warned that wider global trends could yet weigh on China's recovery. Iris Pang, the chief economist for Greater China at ING, said the primary reason for the faster-than-expected growth was the much stronger growth in retail sales, which were "mainly boosted by catering". [7], In July 2014, the Council of Ministers granted the PIF authority to fund new companies inside and outside the Kingdom, either independently or in cooperation with the public and private sectors, without the council's prior approval. Investors will focus on UK employment data due later in the day, which could cause some volatility in the pound if the report shows that the labor market is not cooling. High in the Pyrenees, a vast, abandoned station reopens as a hotel, Motorbikes so good even Aquaman wants to ride them. [42], In 2021, they purchased stakes in the American video game companies Electronic Arts, Take-Two Interactive, and Activision Blizzard. 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. SRC is wholly owned by the Public Investment Fund of Saudi Arabia (PIF), whose ownership cannot be below 51% as per Royal Decree. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers. All material subject to strictly enforced copyright laws. 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,. "[73], In 2022, PIF made a $1.5 billion investment in Credit Suisse as part of a broader goal of to diversify its portfolio into global banking. Exclusive news, data and analytics for financial market professionals, Reporting by Hadeel Al Sayegh Signing an FTA would be Russias way of saying that they are serious about economic relations with India, Pant said. [1/4]Small figurines are seen in front of displayed Alphabet logo in this illustration taken February 11, 2022. It is among the largest sovereign wealth funds in the world with total estimated assets of US$ 620 billion ( 514 billion). 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. [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. [69], LIV Golf was also condemned as another sportswashing tool of Saudi Arabia, which is accused of several human rights violations, including the assassination of Jamal Khashoggi. In the US, data released on Monday showed confidence among single-family homebuilders improved for a fourth consecutive month in April, while manufacturing activity in New York state increased for the first time in five months. LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION, % of top 20 holdings the same as top 20 most commonly held by all managers. 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. ? Access your favorite topics in a personalized feed while you're on the go. Chinas gross domestic product grew 4.5 percent year-on-year in the first three months of 2023, data showed on Tuesday, beating analyst forecasts for a 4 percent expansion as the end of COVID-19 curbs lifted the worlds second-largest economy out of a slump. 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. Norman dismissed the questions saying, "We've all made mistakes" and that Saudi wanted "to move forward". [2]: Particular importance is attached to the issues of mutual access of products to the markets of both countries. 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. [30] The SoftBank Group confirmed that during the fiscal year 20192020, the Vision Fund, in which Saudi Arabia invested $45billion, incurred a loss calculated at $17.7billion, after the value of investments was written down. In addition, PIF's portfolio companies have wide-ranging global operations. Despite that, Mickelson joined the LIV Golf calling it "a once-in-a-lifetime opportunity" to reshape PGA Tour. See here for a complete list of exchanges and delays. The Kingdom didn't have diplomatic relations with Israel and was neither a part of the Abraham Accords. for PUBLIC INVESTMENT FUND, Top 20 equal-weighted holdings. 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. 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. The USdollar index was 0.2 percentlower and made bullion cheaper for overseas buyers. [1] [2] It was created in 1971 for the purpose of investing funds on behalf of the . The fund bought 6.3 million shares in Starbucks (SBUX.O), and added other stocks including Adobe Systems (ADBE.O), Advanced Micro Devices (AMD.O), Salesforce (CRM.N), Home Depot (HD.N), Costco (COST.O), Freeport-McMoRan (FCX.N), Datadog (DDOG.O) and NextEra Energy (NEE.N). And according to Ting Lu, Chief China Economist at Nomura, there was more growth expected in April to June as China heads into "another quarter in the sweet spot". The giga-projects are designed to stimulate the economy and their benefits are expected . With effective, long-term investments, PIF endeavors to be a leading investor while sparking an impact felt beyond Saudi borders. [36][37], In September 2018, Al-Rumayyan announced PIF's first step in incorporating loans and debt instruments into its long term strategy, with an $11 billion loan facility. 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 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. Saudi Arabia was warned by Kushner that it could lose the opportunities in Israel to its neighbors who signed the accords, including the UAE and Bahrain. He went on and said that the PIF will continue to launch new sectors, along with building strategic economic partnerships, localize technologies and knowledge, which will ultimately result in the creation of more direct and indirect jobs in the local labor market. It gave no possible investment targets for either Sanabil or the PIF. [63] In June 2022, LIV Golf Invitational Series commenced its eight-event journey, with total prize money of $255million. PIFs giga-projects, designed to create new ecosystems and unlock new sectors, are heavily enabled by and promote technology and knowledge in Saudi Arabia. You must have a subscription to view WhaleScore histories. [26] In 2020, PIF purchased a 2.32% stake (valued at $1.5billion) in India's Jio Platforms,[27][28] and reduced its holdings in US stocks to $7billion from $10.1billion in the third quarter. We will certainly encourage them from the Foreign Ministry side, because we do believe that they will make a real difference to our trade relationship, he said. The PIF connected Credit Suisse to the Saudi National Bank, and made the Saudi National Bank the largest shareholder with less than 10% ownership (which, according to the Saudi National Bank, prevented them from having to deal with regulatory requirements for 10%+ shareholder ownership). [24] PIF disclosed a $713.7million stake in Boeing, around $522million in Citigroup, a $522million stake in Facebook, a $495.8million stake in Disney and a $487.6million stake in Bank of America. [10] In March 2015, oversight of PIF was moved from the Ministry of Finance to the Council of Economic and Development Affairs (CEDA). Markets are pricing in a 91 percent chance of the Fed raising interest rates by 25 basis points at its next meeting in May, the CME FedWatch tool showed, with traders expecting rate cuts toward the end of the year. Beijing's virus-containment policy -- an unstinting regime of strict curbs on the population -- strongly constrained normal economic activity before it was abruptly ditched in December. He said, "We know they killed Khashoggi and have a horrible record on human rights". For cost savings, you can change your plan at any time online in the Settings & Account section. While Russia has long been Indias top source of military hardware, last month it became New Delhis top supplier of crude oil, displacing Iraq. Read more: '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. Alt Turnover is calculated by taking either the total MV of new purchases or to see more advanced email alert options such as selecting any type of More than half of the investments have come in two sectors: Travel, Tourism and Entertainment and Traditional Energy aka oil companies. You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Reuters, the news and media division of Thomson Reuters, is the worlds largest multimedia news provider, reaching billions of people worldwide every day. 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. Public Investment Fund has met the qualifications for inclusion in our WhaleScore system. Saudi Arabia's $360 billion sovereign-wealth fund, the Public Investment Fund, or PIF, has been aggressively putting its money to work in investments around the world. 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. divided by the total MV of the fund. On 19 March 2023, UBS confirmed the planned acquisition of Credit Suisse by UBS. Mondays announcement comes at a time when India is also in talks for an FTA with the UK, the EU, and the Gulf Cooperation Council. 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. [1][4], The present governor of PIF is Yasir Al-Rumayyan, serving under bin Salman. The statement also added that the transfer will not have any implications on the companys operations, strategy, dividends distribution policy or governance framework. personalising content and ads, providing social media features and to Discussions on a trade pact between India and the Russian-led Eurasian Economic Union had been disrupted by the COVID-19 pandemic, Jaishankar said at the event. 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. Few know what's going on there, including sometimes other government ministries. 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. The Public Investment Fund ( PIF; Arabic: ) is the sovereign wealth fund of Saudi Arabia. If you do nothing, you will be auto-enrolled in our premium digital monthly subscription plan and retain complete access for 65 per month. See here for a complete list of exchanges and delays. An AFP poll of analysts predicted that the Chinese economy would grow by an average of 5.3 percent this year, roughly in line with the International Monetary Fund's 5.2 percent forecast. 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.. The central bank, however, said it was ready to tighten further if inflation and demand failed to cool. Read more: GOLDMAN SACHS: Buy these 21 cheap, unappreciated stocks that offer above-average growth potential. Indias imports from Russia more than quadrupled to over $46 billion over the last fiscal year, mainly through oil, which had been available only in small quantities before the war that began in February last year. These are the 10 largest disclosed investments by PIF. "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.". Currently, the sovereign fund owns 71 companies in 10 different sectors, creating more than 500,000 direct and indirect jobs. Retail sales surged 10.6 percent on-year in March, the biggest increase since June 2021, though industrial production climbed 3.9 percent last month, an improvement from January-February but below analysts' expectations of 4.4 percent. . [21][22] PIF owns a 5.7% stake (valued at $500million) in concert distributor Live Nation. Premium access for businesses and educational institutions. [79], The fund's domestic investments tend to go to firms owned by elites with long-standing personal connections to the Saudi state. PIF is mandated to invest and fund domestically and internationally in various key strategic sectors and asset classes including technology, financials, telecom, real estate, utilities, and giga projects, to promote the diversification of the national economy. Public Investment Fund of Saudi Arabia (PIF) is a Sovereign Wealth Fund located in Riyadh Saudi Arabia, Middle East, and was founded in 1971. 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. The PIF expanded its staff from 50 in 2015 to nearly 500 in 2018. The lack of transparency and close control by the Saudi Arabian government has generated much controversy. It came as a new challenge against the PGA Tour, after the World Golf Tour and the Premier Golf League. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. 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. As part of this process, a new PIF was appointed, chaired by Crown Prince Mohammed bin Salman. 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,. [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. 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