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PIF Provides Additional Capital to Lucid as Saudi EV Manufacturing Expands

A Public Investment Fund affiliate committed another $550 million to Lucid and expanded an existing financing facility, supporting the electric-vehicle maker as it develops production capacity and its broader Saudi manufacturing presence.
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Aramco Second-Quarter Free Cash Flow Covers 56% of Base Dividend

Saudi Aramco generated $12.3 billion in second-quarter free cash flow against a declared base dividend of $21.9 billion, with working-capital requirements weighing on cash gener...

Saudi Tourism Projects Expand Digital Technology as Kingdom Targets 150 Million Annual Visits

Saudi Arabia continues to integrate digital services and advanced technology into major tourism destinations while pursuing its national goal of attracting 150 million domestic ...

PIF’s 64% Stake in stc Remains Central to Saudi Digital Infrastructure Strategy

Saudi Arabia’s sovereign wealth fund retains a 64% holding in stc Group, whose businesses span telecommunications, cloud computing, cybersecurity, digital payments and other inf...

Saudi Arabia and France Extend AlUla Partnership Through 2035

Riyadh and Paris have extended their cooperation on AlUla through 2035, continuing joint work in archaeology, heritage, culture, tourism and sustainable development around one o...

PIF-Led Consortium Completes $55 Billion Acquisition of Electronic Arts

Saudi Arabia’s Public Investment Fund, Silver Lake and Affinity Partners have completed their acquisition of Electronic Arts, deepening PIF’s exposure to global gaming and enter...

Aramco Signs French Agreements Worth More Than $3.7 Billion

Saudi Aramco has signed procurement agreements and a technology memorandum with French companies carrying a potential combined value above $3.7 billion, covering industrial equi...

Saudi Arabia Advances Multinational Maritime Defence Coalition for Red Sea Security

Saudi defence officials are building a multinational maritime coalition intended to protect shipping lanes, freedom of navigation and international trade across the Red Sea, Bab...

Aramco and Maaden Tap Decades of Geological Data for Saudi Mineral Exploration

Aramco and Maaden are forming a joint venture that will use more than 90 years of geological and geophysical data, artificial intelligence and advanced computing to search for c...

Saudi PIF Reports Assets Above $900 Billion as Vision 2030 Investment Push Continues

The Public Investment Fund said assets under management exceeded $900 billion at the end of 2025, alongside rising revenue and profit as the sovereign fund continues financing d...

Saudi and Gulf Leaders Meet Trump During UN General Assembly

Saudi Arabia joined other Gulf Cooperation Council leaders in talks with US President Donald Trump in New York as regional security and wider Middle East tensions dominated dipl...

G7 Calls for Immediate Halt to Houthi Attacks on Saudi Arabia and Red Sea Shipping

G7 foreign ministers condemned Houthi strikes against Saudi Arabia and civilian shipping, called for an end to military attacks and urged Iran to stop supplying and supporting t...
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