Saudi Arabia’s PIF used an equity collar to reduce its exposure to price movements of Tesla’s shares. As per a report by the Financial Times, Saudi Arabia’s Public Investment Fund (PIF) has reduced its exposure to Tesla Inc. Saudi Arabia’s… Read More ›
The Kingdom Public Investment Fund along with Japan’s SoftBank have already begun installing the utility-scale 200GW of solar power in the country. Saudi Arabia’s energy minister Khalid al-Falih stated at a post-budget event that the Kingdom has started implementing an… Read More ›
The development assumes strategic importance since the development is part of a package aimed at diversifying Saudi Arabia’s oil-export driven economy. In a development that marks the first commercial borrowing by Saudi Arabia’s top sovereign wealth fund, the Kingdom’s Public… Read More ›
The development assumes significance because it essentially diversifies PIF’s sources of funds and it provides it with much needed financial muscles in its efforts to bring about Saudi Arabia’s Vision 2030 plan, which aims to diversify the Kingdom’s markets and… Read More ›
The PIF is of strategic nature for Saudi Arabia since it is part of its economic reform plan. The fund aims to invest in educational and medical projects and create 20,000 jobs in the next two years. On Tuesday, the… Read More ›
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