Saudi Business News’ Post

Saudi Arabia Transfers Aramco Shares to PIF In an unprecedented move, #SaudiArabia has transferred an 8% stake in #Aramco to the Public Investment Fund, empowering the sovereign wealth fund with assets valued at $163.6 billion. This strategic asset repositioning supports the Vision 2030 goals of diversifying the economy and fortifying investment capabilities. Discover more insights on this major financial maneuver on Saudi Business News, link in bio! #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia #Aramco #PIF #EconomicReform #Investment #SovereignWealthFund

#SaudiArabia's Public Investment Fund (PIF) is marching towards its end-2025 target of US$1 trillion with a further 8% stake in aramco transferred to its portfolio by the government, in order to fund the Kingdom’s aggressive economic diversification program. The stake doubles its shareholding to around US$328 billion and the transfer is the equivalent more than 23% of the US$700 total assets under management declared at end-2022. With AUM now exceeding US$860 billion, the Aramco stake represents roughly 37% of the portfolio’s value, and Aramco is set to pay PIF billions a year in dividends that can be reinvested. Global SWF looks at what PIF intends to do next: https://lnkd.in/e3xGvbZX

PIF climbs to 5th globally among sovereign wealth funds, nearing $1 trillion in net assets. The Public Investment Fund's (PIF) impressive growth to $861 billion in net assets is driving the Kingdom's diversification efforts, nearing its ambitious $1 trillion target by 2025. With a significant stake in Aramco and strategic investments in giga-projects like Alat and partnerships in the automotive sector, PIF is playing a pivotal role in Saudi Arabia's Vision 2030 goals. #SaudiArabia #PIF #InvestmentOpportunities #Vision2030

Public Investment Fund (PIF) has ascended to fifth place among global sovereign wealth funds, with net assets reaching $861 billion. The recent acquisition of an additional 8% stake in Saudi Aramco has notably enhanced PIF's investment capacity, aligning with the Kingdom's vision of diversifying income streams. This move underscores PIF's strategic commitment to driving economic diversification and growth in line with #SaudiVision2030 https://buff.ly/3TvMTZk #PIF #swf #saudiarabia #investments

PIF's Valuation Soars with Aramco Share Inclusion The #PIF of #SaudiArabia boasts a remarkable increase in assets to $940.26 billion, propelled by acquiring an 8% stake in #Aramco. This strategic move positions the PIF as the world's fifth-largest sovereign wealth fund, reflecting the Kingdom's robust economic vision. For more information, visit our website. Link in bio. #SaudiBusinessNews #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia #Aramco #SovereignWealthFund #EconomicGrowth #Investment

https://lnkd.in/d5exAktG Saudi Arabia’s Public Investment Fund has become the world’s 5th largest sovereign wealth fund with total assets now reaching a staggering $940.26 billion. The increase was achieved by an 8% additional stake in Aramco, boosting The PIF's assets by $163.6 billion and potentially positioning it to reach $1 trillion by 2025. The Aramco stake now constitutes 37% of PIF’s portfolio, and its dividends are expected to help fund ongoing Giga projects in the Kingdom, such as NEOM as well as fund acquisitions overseas. #SaudiArabia #ksa #saudi #saudiarabia #saudinews #saudiarabianews #PIF #Wealth #Fund #Aramco #PIF #NEOM #Investment #Economy #welcomesaudi #thesaudiboom

Saudi Sovereign Fund's Dividend Windfall from #Aramco Shares The #PublicInvestmentFund (PIF) is set to receive a significant boost with an estimated $5 billion in dividends from #SaudiAramco, following the increase in PIF's stake to 16%. This inflow will support the PIF's domestic investments, including the ambitious #NEOM project, amidst its vital role in diversifying Saudi Arabia's economy. For more information, visit Saudi Business News. Link in bio. #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia #Economy #Investment #SovereignWealthFund #OilAndGas #FinancialGrowth #EconomicDevelopment

Saudi Arabia is making significant strides towards diversifying and enhancing its economy with the transfer of 8% of Saudi Aramco's issued shares to the Public Investment Fund (PIF). The move reduces the state's ownership of the global oil giant to 82.186% and is in line with Saudi Vision 2030. Crown Prince Mohammed bin Salman has emphasized that this initiative will expand investment opportunities across various sectors, reinforce PIF's financial standing, and generate substantial employment opportunities within the Kingdom. It also underscores PIF's commitment to launching new sectors, forming strategic global partnerships, and localizing technology and knowledge. This development highlights Saudi Arabia's commitment to achieving economic diversification and growth, while aligning with the goals of Saudi Vision 2030. Repost by Salem Bagami #SaudiArabia #EconomicDiversification #SaudiVision2030 #PIF Original post @Saudigazzett.com.sa

#FIIInterviews You can now watch our first interview with Asharq Business اقتصاد الشرق Happening in #FII8 by the FII Institute in Riyadh, powered by Public Investment Fund (PIF) and aramco

Saudi Aramco's Strategic Wealth Shift: Empowering PIF with an 8% Stake In a transformative move for the #UAE business realm, Saudi Arabia's Crown Prince has endorsed the transfer of an 8% stake in #SaudiAramco to the kingdom's sovereign wealth fund, PIF. Valued at a staggering $160 billion, this is a strategic step to fortify the PIF's financial position and support the diversification of Saudi's economy, aligning with the #Vision2030 blueprint. For more information, visit Saudi Business News. Link in bio. #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia #PIF #EconomicDiversification #Aramco #Investment #GlobalEconomy #SovereignWealthFund #MarketUpdate