Infoblaze Middle East’s Post

GCC sovereign wealth funds deployed $55bln in the first nine months of 2024, representing 40% of global dealmaking by Sovereigns 👇 Once again, the GCC leads the way in global capital deployment, with Sovereigns expected to exceed $5 TRILLION in AUM by 2025, and $10 TRILLION by 2030 UAE Sovereigns will make up $2.2 TRILLION of that, by the end of 2024 Saudi Arabia follows with a contribution of $1.1 Trillion Of the 877 companies listed on GCC stock exchanges, around 70% (ca $3 TRILLION market cap) is owned by the state We're also seeing more diversification away from a historical mandate of investing into the United States (ADIA is over 50% of their allocation), with more capital being deployed into the likes of China and India All of the above only represents positive momentum for the recruitment market. Sovereigns in the region continue to solidify their positions as influential dealmakers, offering huge opportunity to international investment professionals looking to be involved in large, exciting, international deals #sovereign #gcc #ksa #uae #investment

Saudi companies, including those backed by the Public Investment Fund (PIF) and listed on the Saudi Exchange, may explore listings in Hong Kong, according to Carlson Tong of Hong Kong Exchanges and Clearing Limited (HKEX). He mentioned "It is a win-win situation for Saudi companies to list in Hong Kong as they can raise funds to diversify their economy, while also allowing Hong Kong and international investors access to the Gulf economy" at the 8th Future Investment Initiative (FII) summit in Riyadh. At the summit, two exchange traded funds worth a total of $1.8 billion were listed on Tadawul, enabling Middle Eastern investors to trade Hong Kong stocks for the first time. #FutureInvestmentInitiative #SaudiHongKongPartnership #FII2024 #PIF #Tadawul #SaudiVision2030 #GlobalEconomy #HongKongExchange #InternationalInvestments #MiddleEastEconomy #CapitalMarkets #GlobalFinance #GlobalBusiness

𝐁𝐥𝐚𝐜𝐤𝐑𝐨𝐜𝐤 𝐚𝐧𝐝 𝐒𝐚𝐮𝐝𝐢 𝐀𝐫𝐚𝐛𝐢𝐚 𝐅𝐨𝐫𝐠𝐞 𝐁𝐢𝐥𝐥𝐢𝐨𝐧-𝐃𝐨𝐥𝐥𝐚𝐫 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 BlackRock, a big investment company, has started a new firm in Saudi Arabia with $5 billion from the country's Public Investment Fund. This new company, BlackRock Riyadh Investment Management, is a partnership between BlackRock and the Saudi wealth fund. They'll invest in different things like stocks and bonds, and local people will manage the money. This deal fits Saudi Arabia's Vision 2030 plan to bring in money from other countries and invest more at home. Vision 2030 wants to make the economy bigger, more diverse, greener, and more digital, focusing on different areas. #finance #investing #investmentbanking #saudiinvestment

GCC Sovereign Wealth Funds are leading global investments, deploying $52B in H1 2024, the highest since 2009. Saudi Arabia’s PIF tops the list with $36.8B, nearly doubling revenue to $88.3B. This surge, driven by better financial operations in banking, telecom, and gaming, highlights the strategic importance of these funds. The GCC’s investment power provides immense global opportunities, shaping economies and driving international business dynamics. #GCC #Investment #SaudiArabia #GlobalEconomy

China’s sovereign wealth fund is in talks to back a roughly $800 million investment vehicle that will take stakes in Middle East companies, the latest sign of the growing trade ties between Gulf oil exporters and the world’s second biggest economy. China Investment Corporation is working with Investcorp Holdings to put money into the Bahrain-based company’s Gulf-focused pre-IPO fund, according to people familiar with the matter. CIC’s investment in the fund, along with that of other major sovereign wealth funds from Abu Dhabi and Saudi Arabia, could be announced as soon as this month, the people said, asking not to be identified discussing non-public information. #china #middleeast #cic #investcorp #saudiarabia #uae #abudhabi #swf

Saudi Arabia's Public Investment Fund (PIF) has successfully raised over $1 billion by selling a 2% stake in Saudi Telecom Company (STC), reducing its ownership to 62%. This transaction involved 100 million shares at a final price of 38.6 SAR ($10.29) per share and was highly oversubscribed by local and international investors. 🌍 This strategic move is part of PIF's mission to diversify its portfolio and fuel new investment opportunities, aligning with the kingdom's Vision 2030 goals. By reinvesting capital, PIF continues to drive economic transformation and development across various sectors. #SaudiArabia #PublicInvestmentFund #PIF #SaudiVision2030 #STC #Investment #Telecom #EconomicGrowth #Innovation #Transformation #Investing #CapitalMarkets

In a strategic move to foster cross-border investments, the Public Investment Fund (PIF) of Saudi Arabia and the Hong Kong Monetary Authority have announced the creation of a new USD 1 billion investment fund. The launch, cemented by a Memorandum of Understanding (MoU) on the final day of the Future Investment Initiative (FII) in Riyadh, marks a significant step in Saudi Arabia’s economic diversification efforts. Targeted at sectors such as manufacturing, renewables, fintech, and healthcare, the fund aims to attract companies from Hong Kong and the Greater Bay Area to establish a presence in Saudi Arabia. By promoting localization and creating a robust platform for international expansion, the initiative is expected to boost foreign direct investment from Hong Kong and help businesses capitalize on emerging opportunities in the Kingdom. The PIF’s pivot towards bolstering domestic investments aligns with its broader strategy to decrease overseas exposure from 30% to a range of 18-20%. This shift underscores a commitment to supporting Saudi Arabia’s diversification goals while encouraging foreign companies to co-invest in the country’s economic transformation. #SaudiArabia #PIF #HongKong #Diversification

Saudi Wealth Fund's Remarkable Ascent in Global Rankings The #Saudi Public Investment Fund (#PIF) has made a significant leap in global sovereign wealth rankings, with a 55% increase in assets to $925 billion. This growth places the PIF ahead of Kuwait's fund and just behind Abu Dhabi's, securing the fifth spot worldwide. For more insights on the PIF's strategic growth and impact on #Vision2030, read the full article on Saudi Business News, link in bio! #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia #PIF #SovereignWealthFund #Investment #EconomicGrowth #Aramco #GlobalRanking

BlackRock launches Saudi investment firm with $5 billion from Public Investment Fund (PIF). The new entity, BlackRock Riyadh Investment Management, will be a partnership between BlackRock and Saudi Arabia’s sovereign wealth fund. The firm will incorporate investment strategies across various asset classes and will be managed locally. The deal aligns with the Kingdom’s goal of attracting overseas capital and promoting local investment as part of its Vision 2030. Vision 2030 aims to grow, diversify, decarbonise and digitize the economy across several sectors. #privateequity #investing #investmentbanking #markets #finance #vision2030 #investtech #fintech #emergingtech #saudi #ict