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Public Investment Fund

Saudi, French funds to acquire 38% of Heathrow airport

by Ron Morgan
Saudi, French funds to acquire 38% of Heathrow airport

Madrid: Saudi Arabia’s sovereign wealth fund and a French private equity group will acquire a 38-percent stake in Heathrow, the London airport’s biggest shareholder said Friday. Heathrow, one of the …

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Elon Musk, Who Tried To Take Tesla Private With Saudi Money, Derides Lucid’s ‘Saudi Sugar Daddy’

by Horatio Thompson
Elon Musk, Who Tried To Take Tesla Private With Saudi Money, Derides Lucid’s ‘Saudi Sugar Daddy’

Not even the Super Bowl can bring joy into those deeply divorced eyesPhoto: Rob Carr (Getty Images) Elon Musk, during his tenure as CEO of Tesla, famously attempted to take …

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Saudi Arabia’s US$100 billion investment firm Alat piles into SoftBank and Dahua Technology

by Walter Watson
Saudi Arabia’s US0 billion investment firm Alat piles into SoftBank and Dahua Technology

Saudi Arabia’s new US$100 billion investment firm announced a string of deals Tuesday, including partnerships with SoftBank Group and a Chinese surveillance equipment maker to set up local manufacturing facilities, …

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Bridgewater continues to cut US-listed Chinese stocks as Singapore’s Temasek, Saudi’s PIF stay the course for market turnaround

by Anas Siddiqui
Bridgewater continues to cut US-listed Chinese stocks as Singapore’s Temasek, Saudi’s PIF stay the course for market turnaround

Bridgewater, the world’s biggest hedge fund with US$197 billion of assets, held US-listed depositary shares in 18 Chinese companies valued at US$578 million on December 31, compared with holdings in …

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FII conference: Hong Kong’s capital market, hub status highlighted as city seeks bridge role to boost Middle East ties

by Anas Siddiqui
FII conference: Hong Kong’s capital market, hub status highlighted as city seeks bridge role to boost Middle East ties

“That will lead us to a future where business success and social progress go [hand in hand].” Yasir Al-Rumayyan at the FII Priority Hong Kong conference on Thursday. Photo: Jonathan …

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Saudi Arabia’s PIF to buy stake in London’s Heathrow Airport, joins Singapore’s GIC, Qatar wealth funds in ownership

by Walter Watson
Saudi Arabia’s PIF to buy stake in London’s Heathrow Airport, joins Singapore’s GIC, Qatar wealth funds in ownership

Saudi Arabia’s Public Investment Fund will buy a 10 per cent stake in London Heathrow Airport as part of a shareholder reshuffle, becoming a partial owner in one of Europe’s …

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Weekend News Roundup November 18, 2023

by Horatio Thompson
Weekend News Roundup November 18, 2023

Here we present our weekly Jalopnik series that recaps the latest in news. We’ve showcased our most read offerings as well as some you may have missed. Valtteri Bottas Gets …

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2025 Lucid Gravity Is Queen Of The Electric SUVs With A 440-Mile Range

by Horatio Thompson
2025 Lucid Gravity Is Queen Of The Electric SUVs With A 440-Mile Range

Californian startup Lucid took a bold approach for its introduction to the world, launching in 2021 with the phenomenal Air, a large electric luxury sedan that entered a small, competitive …

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Singapore’s Temasek, Saudi PIF take contrarian view on China, raise bets on consumer stocks as other foreign investors flee

by Anas Siddiqui
Singapore’s Temasek, Saudi PIF take contrarian view on China, raise bets on consumer stocks as other foreign investors flee

Two of the world’s biggest state owned investors have poured money into China’s consumption stocks during the third quarter, raising their bets on transformation of the world’s second largest economy …

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Lucid Burned $433,000 For Every Car It Sold In Q3, Reports $2.17 Billion In Losses So Far This Year

by Horatio Thompson
Lucid Burned 3,000 For Every Car It Sold In Q3, Reports .17 Billion In Losses So Far This Year

California-based automaker Lucid reported third quarter results on Tuesday, and the numbers aren’t great. The company announced that it built 1,550 Air sedans in Q3, and delivered 1,456 to customers. …

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