Humain, a Saudi PIF company delivering full-stack artificial intelligence (AI) capabilities globally, has signed up EY, a global leader in professional services, to develop Saudi Arabia's first AI-native business process outsource service underpinned by its full stack ecosystem.
Leading Saudi PIF companies - Rua AlHaram AlMakki and Rua Al Madinah - have signed two strategic agreements with Brunei’s Perbadanan Tabung Amanah Islam (TAIB) to explore investment and development opportunities in the Kingdom of Saudi Arabia and Brunei Darussalam.
Saudi sovereign wealth fund PIF has announced the launch of its innovative digital platform - Tawrid Company for Financing Solutions - to provide supply-chain financing products to Saudi companies. Tawrid will play a vital role in connecting buyers, suppliers and funders through its digital platform.
Global semiconductor company AMD and Humain, Saudi Arabia’s new AI enterprise, have announced a landmark investment of up to $10 billion to build a next-generation AI infrastructure ecosystem spanning Saudi Arabia and the US.
Arabian Centers Company (Cenomi Centers), a leading Saudi developer of lifestyle destinations, has signed a deal with Saudi Downtown Company, a Public Investment Fund (PIF) company, for the leasing and operation of a premium mall within the Al Madinah Downtown project for 25 years.
Saudi PIF has delivered solid results for the FY2025 with the kingdom's sovereign wealth fund more than doubling its net profit to $17 billion over the previous year, helped by stronger contributions from maturing portfolio companies, while its revenue rose 9% to hit $120 billion.
Jasara Program Management Company, a Saudi PIF venture, has entered into an agreement with Diriyah Company to provide project and construction management services for Royal Diriyah Opera House and Grand Mosque as well as other key projects centered around the grand avenue in Diriyah.
Ardara Company, a unit of Saudi Arabia's sovereign wealth fund PIF, has joined hands with Sumou Holding for the launch of the second phase of its prime Al Wadi development in Abha region, coming up on a 300,000 sq m area at a total investment of more than SAR4 billion ($1.04 billion).
Saudi Arabia's sovereign wealth fund PIF has anchored the first close of Brookfield Middle East Partners, a new private equity fund focused on Saudi Arabia and the wider Middle East, helping raise about $2 billion alongside other institutional investors.
SURJ Sports Investment, a Saudi PIF company, together with Live Nation and Oak View Group (OVG), has announced the launch of radia, a joint venture to support the growth of the kingdom’s sports infrastructure - including venue management, operations, activations and commercialisation.
