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THE PUBLIC INVESTMENT FUND (PIF) ANNOUNCES SIGNING OF A US$10BILLION SYNDICATED BRIDGE LOAN


Riyadh, Saudi Arabia, October 30, 2019 - The Public Investment Fund (PIF) announces it has signed a US$10billion syndicated bridge loan.The proceeds of this syndicated bridge loan will be used for general corporate purposes and will enable PIF to accelerate the implementation of its investment program.

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SAUDI ARAMCO SIGNS SHARE PURCHASE AGREEMENT TO ACQUIRE 70% MAJORITY STAKE IN SABIC FROM THE PUBLIC INVESTMENT FUND


Riyadh, Saudi Arabia, March 27 2019 - Saudi Aramco today announced the signing of a share purchase agreement to acquire a 70% majority stake in Saudi Basic Industries Corporation (SABIC) from the Public Investment Fund of Saudi Arabia.

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THE PUBLIC INVESTMENT FUND ANNOUNCES LAUNCH OF THE HELICOPTER COMPANY


Riyadh, Saudi Arabia, 11 March 2019 - The Public Investment Fund (PIF) announces the launch of The Helicopter Company (“the Company”), the first national commercial helicopter operator in Saudi Arabia.

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THE PUBLIC INVESTMENT FUND ANNOUNCES THE SIGNING OF AN MOU WITH THE NATIONAL ENERGY ADMINISTRATION IN THE PEOPLE'S REPUBLIC OF CHINA


Beijing, China, February 22 2019 - The Public Investment Fund (PIF) of Saudi Arabia, announced today the signing of a Memorandum of Understanding (MoU) with the National Energy Administration, the People's Republic of China.

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THE PUBLIC INVESTMENT FUND ANNOUNCE THE SIGNING OF MOU WITH INDIAN HOSPITALITY COMPANY OYO


New Delhi, India, February 20 2019 -The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, is pleased to announce the signing of a Memorandum of Understanding (MoU) with OYO, India’s largest hospitality company.

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PIF announces "Wadi Al Disah Development Project" in Mohammed bin Salman Natural Reserve


Tabuk, Saudi Arabia, 20 November 2018 - The Public Investment Fund (PIF) of Saudi Arabia today announces the launch of the Wadi Al Disah Development Project, located within the Prince Mohammed bin Salman Natural Reserve.

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THE PUBLIC INVESTMENT FUND (PIF) SAYS THAT THE WALL STREET JOURNAL ARTICLE IN REGARDS TO THE SOLAR PROJECT IS INACCURATE


Riyadh, Saudi Arabia, 02 October 2018 - In response to claims in recent press reports, a spokesperson for the Public Investment Fund (PIF) said that the Wall Street Journal article titled ‘Saudi Arabia Shelves Work on SoftBank’s $200 Billion Solar Project’ is inaccurate.

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PUBLIC INVESTMENT FUND UNVEILS AMAALA, A NEW GLOBAL LEADING DESTINATION FOR WELLNESS TOURISM


Riyadh, Saudi Arabia, 26 September 2018 - The Public Investment Fund (PIF) of Saudi Arabia, announced the launch of Amaala, which will become an uber-luxury destination on the north western coast of Saudi Arabia.

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THE PUBLIC INVESTMENT FUND EXECUTES INVESTMENT AGREEMENT WITH ELECTRIC AUTOMOTIVE MANUFACTURER “LUCID MOTORS”


Riyadh, Saudi Arabia, 17 September 2018 - The Public Investment Fund ("PIF") of Saudi Arabia announced today that it has executed an investment agreement of over US$1 billion with Lucid Motors ("Lucid" or "the Company"), through a special-purpose vehicle wholly owned by PIF ("Transaction").

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PUBLIC INVESTMENT FUND COMPLETES US$11 BILLION INTERNATIONAL SYNDICATED LOAN FACILITY


Riyadh, Saudi Arabia, 17 September 2018 - The Public Investment Fund (PIF) of Saudi Arabia has taken the first step in its strategic, medium-term debt funding program, and completed a US$11 billion international syndicated loan facility.

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ANDREW LIVERIS APPOINTED AS SPECIAL ADVISOR TO THE PUBLIC INVESTMENT FUND


Riyadh, Saudi Arabia, 02 September 2018 - The Public Investment Fund (PIF) of Saudi Arabia today announced that Mr. Andrew Liveris has been appointed as a special advisor on matters of strategic importance to PIF.

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One Planet SWF Working Group Publish Framework on Climate Change


Paris, France, 06 July 2018 - President Emmanuel Macron of France and Prime Minister Erna Solberg of Norway convened a roundtable discussion with the One Planet Sovereign Wealth Fund Working Group (“One Planet SWF Group”) which includes representatives from the Public Investment Fund.

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Public Investment Fund acquires significant stake in ACWA Power


Riyadh, Saudi Arabia, 04 July 2018 - The Public Investment Fund of Saudi Arabia and International Company For Water And Power Projects (“ACWA Power” or the “Company”), a leading developer, owner, and operator of power generation and water desalination plants.

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PIF ANNOUNCES AGREEMENT WITH SIX FLAGS IN CONNECTION WITH THE FIRST SIX FLAGS-BRANDED THEME PARK IN THE KINGDOM OF SAUDI ARABIA, ADVANCING STRATEGIC DEVELOPMENT OF THE ENTERTAINMENT SECTOR


Riyadh, Saudi Arabia, 4 April 2018 - The Public Investment Fund (PIF) of Saudi Arabia has entered into an arrangement with Six Flags, the world’s leading international theme park company to develop and design a Six Flags-branded theme park. The said theme park will be located within Qiddiya.

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PIF’s DEVELOPMENT & INVESTMENT ENTERTAINMENT COMPANY (DIEC) SIGNS AGREEMENT WITH AMC


Riyadh, Saudi Arabia, 4 April, 2018 - The Public Investment Fund of Saudi Arabia (PIF) announced today that its wholly-owned subsidiary, Development and Investment Entertainment Company, has signed an agreement with AMC to operate AMC Cinemas in the Kingdom.

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PUBLIC INVESTMENT FUND ANNOUNCES THE SIGNING OF MOU WITH SOFTBANK VISION FUND TO CREATE A ‘NEW’ SOLAR ENERGY PLAN THE WORLD’S LARGEST SUCH PROJECT


New York, USA, 27 March 2018 - The Public Investment Fund of Saudi Arabia (PIF) today announced the signing of a non-binding Memorandum of Understanding (MoU) with Softbank Vision Fund LP (SBVF) to create the New Solar Energy Plan 2030, the world’s largest project of its type.

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PIF INVESTS $400 MILLION IN MAGIC LEAP, INC.


Riyadh, Saudi Arabia, 08 March 2018 - The Public Investment Fund (PIF) announce​d that it has participated in the Series D equity funding by Magic Leap, Inc. (Magic Leap), investing $400 million, joining a number of prominent global investors in the company.

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PIF PARTNERS WITH GLOBAL INVESTOR GROUPS TO ACQUIRE 55% STAKE IN ACCORINVEST


Riyadh, Saudi Arabia, 01 March 2018 - The Public Investment Fund (PIF) announced its intention to participate in a consortium to acquire a 55% stake in AccorInvest, the world leader in hotel real estate which owns 891 hotels operating under the AccorHotels commercial brands and focused primarily.

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PUBLIC I​​NVESTMENT FUND ANNOUNCES MOU WIT​H WORLD’S LARGEST PROVIDER OF MOVIE THEATRES


Riyadh, Saudi Arabia, 11 December 2017 - The Public Investment Fund of Saudi Arabia (PIF) today announced the signing of a non-binding Memorandum of Understanding (MoU) with AMC Entertainment Holdings, Inc, the world’s largest provider and operator of movie theaters.

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BLACKSTONE AND THE PUBLIC INVESTMENT FUND OF SAUDI ARABIA SIGN DEFINITIVE DOCUMENTATION ON PIF ANCHOR CONTRIBUTION TO BLACKSTONE INFRASTRUCTURE BUSINESS


Riyadh, Saudi Arabia, 25 October 2017 - Blackstone and the Public Investment Fund (“PIF”) of Saudi Arabia today at the Future Investment Initiative (“FII”) in Riyadh signed definitive documentation in relation to a new Blackstone business primarily dedicated to investing in U.S. infrastructure.

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PUBLIC INVESTMENT FUND TO INCREASE ASSETS UNDER MANAGEMENT TO OVER $400 BILLION BY 2020


Riyadh, Saudi Arabia, 25 October 2017 - The Public Investment Fund (PIF) Program (2018-2020) has today been launched as part of the Kingdom’s Vision 2030 Vision Realization Programs (VRP).

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PUBLIC INVESTMENT FUND TO PARTNER WITH SOFTBANK VISION FUND TO CREATE THE ‘SOLAR ENERGY PLAN 2030’


Riyadh, Saudi Arabia, 25 October 2017 - The Public Investment Fund (PIF) of Saudi Arabia and the SoftBank Vision Fund have today signed a Memorandum of Understanding (MoU) to create the ‘Solar Energy Plan 2030’, a new framework for developing the Kingdom’s solar energy sector.

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HRH the Crown Prince Mohammed bin Salman announces: NEOM The Destination for the Future


Riyadh, Saudi Arabia, 24 October 2017 - His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Chairman of the Public Investment Fund (PIF), today announced the launch of NEOM.

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THE PUBLIC INVESTMENT FUND LAUNCHES THE SAUDI REAL ESTATE REFINANCE COMPANY (SRC)


Riyadh, Saudi Arabia, 19 October 2017 - The Public Investment Fund (PIF) has announced the establishment of the Saudi Real Estate Refinance Company (SRC), in line with Vision 2030 objectives to improve the performance of the real estate market, increase its contribution to GDP.

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THE PUBLIC INVESTMENT FUND ESTABLISHES SUPER ENERGY SERVICE COMPANY ‘SUPER ESCO’


Riyadh, Saudi Arabia, 18 October 2017 - The Public Investment Fund (PIF) has announced the establishment of a new energy service company, Super Esco, designed to increase energy efficiency across government and public buildings. A Royal Decree has been issued requiring all government entities.

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THE PUBLIC INVESTMENT FUND TO ESTABLISH RECYCLING SECTOR COMPANY


Riyadh, Saudi Arabia, 16 October 2017 - The Public Investment Fund has announced its intention to establish The Saudi Recycling Company, a new waste management company to support and operate the Fund’s investments in domestic recycling sector projects.

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PUBLIC INVESTMENT FUND LAUNCHES “FUND OF FUNDS”


Riyadh, Saudi Arabia, 09 October 2017 - The Public Investment Fund (PIF) has announced the establishment of the Fund of Funds, a new investment vehicle designed to provide small and medium-sized enterprises (SMEs) with access to capital.

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PUBLIC INVESTMENT FUND TO LAUNCH “ROU’A ALMADINAH” COMPANY


Riyadh, Saudi Arabia, 02 October 2017 - The Public Investment Fund (PIF) has announced the establishment of Rou’a Al Madinah, a company that will deliver projects designed to increase capacity for pilgrims and visitors to the Prophet’s Mosque.

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PUBLIC INVESTMENT FUND PREPARES TO LAUNCH “ROU’A AL HARAM” COMPANY


Riyadh, Saudi Arabia, 02 October 2017 - The Public Investment Fund (PIF) has announced it is preparing to launch Rou’a Al Haram, a development company set to increase capacity for pilgrims and visitors to the Grand Holy Mosque performing Hajj or Umrah.

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THE FUTURE INVESTMENT INITIATIVE WILL DRIVE GLOBAL THINKING ON THE FUTURE OF TECHNOLOGY, ROBOTICS AND ARTIFICAL INTELLIGENCE


Riyadh, Saudi Arabia, 02 October 2017 - The Public Investment Fund (PIF) of the Kingdom of Saudi Arabia, the Kingdom’s main investment arm, announced that the theme of technological change will be at the heart of October’s Future Investment Initiative (FII).

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PUBLIC INVESTMENT FUND TO LEAD DEVELOPMENT OF NEW JEDDAH DOWNTOWN


Riyadh, Saudi Arabia, 27 September 2017 - The Public Investment Fund (PIF) has announced it will lead the redevelopment of Jeddah’s waterfront corniche, creating a unique tourist, residential and commercial destination, to become the “New Jeddah Downtown”.

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PUBLIC INVESTMENT FUND TO LAUNCH ENTERTAINMENT INVESTMENT COMPANY


Riyadh, Saudi Arabia, 20 September 2017 - The Public Investment Fund (PIF) has announced it is in the process of developing a new company to act as its investment arm in Saudi Arabia’s growing entertainment sector.

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His Royal Highness the Crown Prince Announces the Launch of ‘The Red Sea’ project as an international tourist destination as part of the Kingdom’s 2030 Vision


Riyadh, Saudi Arabia, 31 July 2017 - His Royal Highness Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Deputy Prime Minister and Chairman of the Public Investment Fund (PIF), today announced the launch of an international tourism project in the Kingdom called The Red Sea. Envisioned as an exquisite resort destination established across a lagoon of 50 untouched natural islands, The Red Sea will be situated on the site of one of the world’s last natural hidden treasures, between the cities of Umluj and Al Wajh, developed in partnership with the world’s leading hospitality firms.

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RDIF strengthens cooperation with Public Investment Fund of Saudi Arabia


Moscow, Russia, 28 May 2017 - The Russian Direct Investment Fund (RDIF) and the Public Investment Fund (PIF) of Saudi Arabia, have announced they will be further strengthening their joint efforts to identify and act on promising investment opportunities in Russia.

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BLACKSTONE TO LAUNCH $40 BILLION INFRASTRUCTURE INVESTMENT VEHICLE AND NEW INFRASTRUCTURE BUSINESS


Riyadh, Saudi Arabia, May 20 2017 - Blackstone and the Public Investment Fund (“PIF”) of Saudi Arabia announced today the execution of a memorandum of understanding in relation to the launch of a new investment vehicle dedicated to infrastructure with an anchor $20 billion contribution by PIF. Blackstone anticipates that the program will have $40 billion in total equity commitments in a permanent capital vehicle, including $20 billion to be raised from other investors. The MOU is non-binding and the parties will continue their negotiation to agree definitive documentation.

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Public Investment Fund, SoftBank Group and Mubadala Joined by Initial Investors in Vision Fund including Apple, Foxconn, Qualcomm and Sharp


Riydh, Saudi Arabia, 20 May 2017 - The SoftBank Vision Fund (the “Vision Fund”) today announced that in addition to SoftBank Group Corp. (“SBG”) and the Public Investment Fund of the Kingdom of Saudi Arabia (“PIF”), investors in the Vision Fund include the Mubadala Investment Company of the United Arab Emirates (“Mubadala”), Apple Inc (“Apple”), Foxconn Technology Group (“Foxconn”), Qualcomm Incorporated (“Qualcomm”) and Sharp Corporation (“Sharp”).

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Key element of Vision 2030 realized with launch of new Saudi Arabian national defense company


Riyadh, Saudi Arabia, 18 May 2017 - The Saudi Arabian Public Investment Fund (“PIF”) has today announced the creation of a new national military industries company.

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In accordance with Saudi Arabia’s Vision 2030,Crown Prince announced the launch of the largest entertainment, sports and cultural destination in the Kingdom


Riyadh, Saudi Arabia, 7 April 2017 - His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Chairman of the Council for Economic and Development Affairs and Chairman of the Public Investment Fund (PIF), announced the launch of the iconic Qiddiya.

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Public investment fund to acquire stake in americana group, the region’s leading restaurant and food manufacturing group


Riyadh, Saudi Arabia, 28 November 2016 - The Saudi Arabian Public Investment Fund (“PIF”) announces that, through a wholly-owned subsidiary, “The Saudi Company For Gulf Food Investments”, it will be acquiring a fifty per cent stake in Adeptio AD Holdings SPC Ltd.

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The saudi arabian public investment fund announces 50% equity stake in new e-commerce platform


Riyadh, Saudi Arabia, 14 November 2016 - The Saudi Arabian Public Investment Fund, the Kingdom of Saudi Arabia’s sovereign wealth fund, today announced it will take a 50% equity stake in the newly launched e-commerce platform, Noon.

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Softbank group corp. to establish softbank vision fund with a strategic partnership with the public investment fund of saudi arabia


Riyadh, Saudi Arabia, 14 October 2016 - SoftBank Group Corp. (“SBG”) today announced that it will form SoftBank Vision Fund (tentative name) (the “Fund”). The Fund intends to make investments in the technology sector globally.

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New sr 4 billion fund to support investments in small and medium-sized companies


Riyadh, Saudi Arabia, 2 August 2016 - The Council of Ministers on Monday approved the creation of a SR 4 billion ($1.1 billion) fund to develop Saudi Arabia’s venture capital industry and support investments in small and medium-sized companies (SMEs).

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Saudi arabian public investment fund invests $3.5 billion in uber


Riyadh, Saudi Arabia, 1 June 2016 - The Saudi Arabian Public Investment Fund (PIF), the Kingdom of Saudi Arabia’s long-term sovereign investment arm, and Uber today announced that PIF has invested $3.5 billion in Uber.

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Saudi arabia’s vision 2030 reform plan announced


Riyadh, Saudi Arabia, 25 April 2016 - Saudi Arabia’s Crown Prince Mohammed bin Salman announced “Vision 2030” on Monday, a comprehensive 84-page reform plan designed to free the Kingdom from its dependence on oil exports.

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Public investment fund acquires 38 per cent stake in posco engineering unit


Riyadh, Saudi Arabia, 22 June 2015 - The Saudi Arabian Public Investment Fund (PIF) (has agreed to buy a 38 per cent stake in Posco’s engineering and construction division for SR 4.1 billion ($1.1 billion).

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