PIF - Iraq Bulletin

Aramco announces a $1.5 billion sustainability fund

EditorOctober 27, 2022

October 27, 2022

In an effort to support a stable and inclusive energy transition, Saudi Aramco has launched a $1.5 billion Sustainability Fund. Among the largest global sustainability-focused venture capital funds, it was announced at the sixth edition of the Future Investment Initiative (FII). The fund, which is managed by Aramco Ventures, is......

Business

Saudi wealth fund PIF purchases Alphabet, Zoom, and Microsoft shares

EditorAugust 16, 2022

August 16, 2022

A broad selection of US stocks was purchased by Saudi Arabia’s Public Investment Fund (PIF), bringing its investment portfolio’s value to about $40.8 billion at the end of the second quarter. According to a US Securities and Exchange Commission filing, the PIF acquired 213,000 class A shares in Alphabet, 4.7......

Business

Saudi-Egyptian Investment Co. invests $1.3 billion in four Egyptian companies

EditorAugust 10, 2022

August 10, 2022

Egypt’s planning ministry announced on Wednesday that the Saudi Egyptian Investment Company (SEIC), established by the Saudi Arabian Public Investment Fund (PIF), has purchased minority stakes in four Egyptian companies valued at approximately $1.3 billion. Among these four companies are Abu Qir Fertilizers and Chemical Industries ABUK.CA, Misr Fertilizers Production......