Public Investment Fund
Sovereign wealth fund of Saudi Arabia
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| 2024 | Public Investment Fund (PIF) announced partnerships with the ATP and WTA professional tennis tours. |
| 2024 | PIF acquired a 38% share of HOLON GmbH in Germany, a subcompany of the Benteler Group. |
| December 15 2024 | Acquired a 15% stake in Heathrow Airport for a combined US$4.12 billion from Ferrovial and other shareholders. |
| March 2024 | Public Investment Fund announced a $2 billion offer to purchase both ATP and WTA professional tennis tours, proposing a merger into a single PIF-led tour, excluding grand slam events. The status of the offer (accepted or rejected) remains unconfirmed. |
| 2023 | PIF received a second 4% stake in Saudi Aramco, valued around $78 billion, to capitalize on high hydrocarbon prices and support its diversification investment goals. |
| December 2023 | PIF acquired a 49% stake in Rocco Forte Hotels, valuing the hotel group at £1.4 billion. |
| November 2023 | PIF acquired a 10% stake in Heathrow Airport following Ferrovial's sale of its 25% share. |
| June 6 2023 | LIV Golf and PGA Tour announced a merger of their commercial businesses into a new for-profit company, with the Public Investment Fund reportedly investing billions, marking a significant turnaround for Saudi Arabia's sports and diplomatic engagement. |
| March 19 2023 | UBS confirmed their planned acquisition of Credit Suisse, following the events triggered by the Saudi National Bank's stance. |
| March 15 2023 | Saudi National Bank chairman Ammar al-Khudair publicly stated they would not provide additional capital to Credit Suisse, causing the bank's share price to drop 25%. |
| 2022 | Public Investment Fund (PIF) made a $1.5 billion investment in Credit Suisse as part of a strategy to diversify its global banking portfolio, connecting Credit Suisse to the Saudi National Bank. |
| 2022 | PIF received a 4% stake in ownership of Saudi Aramco as part of its strategy to increase assets under management. |
| October 2022 | Yasir Al-Rumayyan, PIF's governor, gave an interview discussing the resistance to Mohammad bin Salman's stock buying strategy and admitting that the initial $35 billion investment rose to $49 billion as markets improved. |
| June 2022 | Acquired an 8% stake in Embracer Group. |
| June 2022 | LIV Golf Invitational Series commenced its eight-event season with $255 million in total prize money, backed by $2 billion from the Saudi Public Investment Fund. |
| May 2022 | Affinity Partners (Kushner's firm) planned to direct PIF money to Israeli startups, marking the first known instance of Saudi sovereign wealth fund investment in Israel, potentially laying groundwork for normalizing Saudi-Israeli relations. |
| May 2022 | PIF purchased a 5% stake in the Japanese video game company Nintendo. |
| 2021 | Global SWF report noted PIF's Governance, Sustainability, and Resilience (GSR) score rose by 12% to 40%, partially due to establishing a dedicated ESG team. |
| 2021 | Public Investment Fund (PIF) invested $2 billion into a private equity firm newly formed by Jared Kushner after leaving the White House, despite advisers raising questions about the investment's merits. |
| 2021 | PIF invested $1 billion in the investment fund established by former Trump administration official Steven Mnuchin after he left government. |
| 2021 | PIF purchased stakes in American video game companies Electronic Arts, Take-Two Interactive, and Activision Blizzard. |
| October 2021 | PIF's Golf Saudi division funded the establishment of LIV Golf Investments, appointing Greg Norman as CEO and introducing a new professional golf tour challenging the PGA Tour. |
| October 7 2021 | Newcastle United was officially acquired by the consortium led by the Public Investment Fund after the Premier League received 'legally binding assurances' that Saudi Arabia would not directly control the club. |
| April 2021 | Saudi crown prince Mohammed bin Salman reportedly asked British Prime Minister Boris Johnson to intervene and approve PIF's takeover of Newcastle United, threatening potential economic consequences for the UK. |
| 2020 | Mohammad bin Salman initiated ambitious international stock buying activities during the COVID-19 pandemic, with the PIF receiving tens of billions of dollars from the Saudi central bank to fund stock purchases. |
| 2020 | PIF purchased minority stakes in major U.S. companies including Boeing, Meta Platforms, Citigroup, Disney, and Bank of America. |
| April 14 2020 | Public Investment Fund agreed to a £300m deal to transfer ownership of Newcastle United F.C. with PCP Capital Partners and Reuben Brothers, but the Premier League initially refused to ratify the deal. |
| March 2019 | PIF paid Karv Communications $120,000 monthly to repair Saudi reputation after the Jamal Khashoggi assassination. |
| February 2019 | At the Milken Institute in Abu Dhabi, PIF announced plans to open new offices in London, New York City, and San Francisco, and increase workforce from 450 to 700 by the end of 2019. |
| 2018 | PIF expanded its staff from 50 employees to nearly 500, signaling a significant organizational growth and increased operational capacity. |
| October 2018 | Announced aim to increase international assets in portfolio from 10% to 50% by 2030. |
| October 2018 | PIF announced plans to increase international assets in its portfolio from 10% to 50% by 2030. |
| September 2018 | PIF incorporated loans and debt instruments into its strategy with an $11 billion loan facility. |
| 2017 | Saudi regime conducted an 'anti-corruption' purge, transferring assets from 400 of Saudi Arabia's richest individuals to the Public Investment Fund. |
| 2017 | During the Saudi-US CEO Forum, PIF announced plans to invest $40 billion in U.S. infrastructure projects, with Blackstone committing $20 billion. |
| October 2017 | PIF announced a goal to increase assets under management to more than $400 billion and create over 20,000 new jobs by 2020. |
| 2016 | The Wall Street Journal reported that none of the Public Investment Fund's investments were named, highlighting the fund's lack of transparency. |
| 2016 | SoftBank Group and PIF announced plans to establish the SoftBank Vision Fund, aiming to invest up to $45 billion over five years in the tech sector. |
| March 2016 | Ownership of Saudi Aramco was announced to be transferred to the Public Investment Fund (PIF), with plans to list 5 percent of Aramco's shares by 2017. |
| 2015 | PIF expanded its staff from 50 employees to nearly 500 by 2018. |
| March 2015 | Oversight of PIF was transferred from the Ministry of Finance to the Council of Economic and Development Affairs (CEDA), with a new PIF board appointed and chaired by Crown Prince Mohammed bin Salman. |
| July 2014 | The Council of Ministers granted PIF authority to fund new companies inside and outside Saudi Arabia independently or in cooperation with public and private sectors, without prior council approval. |
This contents of the box above is based on material from the Wikipedia article Public Investment Fund, which is released under the Creative Commons Attribution-ShareAlike 4.0 International License.