Saudi Public Investment Fund - updates

Rappler's latest stories on Saudi Public Investment Fund

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Saudi Aramco completes purchase of 70% stake in SABIC

Jun 17, 2020 - 7:20 PM

Oil giant Saudi Aramco acquires a 70% stake in chemical giant SABIC for $69.1 billion

A picture taken on September 15, 2019 shows an Aramco oil facility near al-Khurj area, just south of the Saudi capital Riyadh. - Saudi Arabia raced today to restart operations at oil plants hit by drone attacks which slashed its production by half, as Iran dismissed US claims it was behind the assault. The Tehran-backed Huthi rebels in neighbouring Yemen, where a Saudi-led coalition is bogged down in a five-year war, have claimed thi weekend's strikes on two plants owned by state giant Aramco in eastern Saudi Arabia. (Photo by FAYEZ NURELDINE / AFP)

Uber deal signals more aggressive Saudi investment drive

Jun 03, 2016 - 6:45 PM

An analyst says Saudi Arabia s 3 5 billion investment in Uber signals it will be a major player when it comes to sovereign wealth fund investing in the future

epa05339723 A handout photograph released on 01 June 2016 by the official Saudi Press Agency (SPA) shows Saudi King Salman (C) flanked by Saudi Crown Prince and Interior Minister Mohammed bin Nayef (L) and Saudi Deputy Crown Prince Mohammed bin Salman (R) attending the Gulf Cooperation Council (GCC) summit in Jeddah, Saudi Arabia, 31 May 2016. EPA/SAUDI PRESS AGENCY / HANDOUT EPA/SAUDI PRESS AGENCY / HANDOUT HANDOUT EDITORIAL USE ONLY/NO SALES

Uber raises $3.5B from Saudi investment fund

Jun 02, 2016 - 2:20 PM

The investment boosts Uber s cash holdings to more than 11 billion giving its global expansion plans a lift

epa05002939 An Uber driver is seen in his car after driving Australian Capital Territory (ACT) Chief Minister Andrew Barr (unseen) to the official launch of Uber operations in Canberra, Australia, 30 October 2015. The ACT government is the first jurisdiction in Australia to fully approve operations of the ride-sharing service Uber. EPA/LUKAS COCH AUSTRALIA AND NEW ZEALAND OUT