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  1. 1 day ago · Arab News. July 09, 2024 13:54. Follow. RIYADH: Lucid Motors, majority-owned by Saudi Arabia’s sovereign wealth fund, delivered 2,394 electric vehicles in the second quarter of this year, a 21. ...

  2. 1 day ago · July 9, 2024. By Chris Forrester. Saudi Arabia’s Public Investment Fund has created a new venture, the NEOSpace Group (NSG). The business says it aims to develop and enhance commercial activities related to the sector within Saudi Arabia by providing innovative solutions for satellite and space services both locally and internationally.

  3. 1 day ago · As a result, PIF will acquire a 23.08 percent ownership stake in Saudi Re following the capital increase. This transaction follows an initial non-binding memorandum of understanding signed on Oct. 8, 2023, which was extended on Dec. 25, 2023, for an additional six months, highlighting the expanding business environment in Saudi Arabia.

  4. 1 day ago · Saudi Arabia was a notable standout, with software startup Salla raising $130 million in the first half. ... The Saudi Public Investment Fund has been funneling money into tech firms and startups ...

  5. 1 day ago · NEO SPACE GROUP has named telecoms and tech veteran, Martijn Blanken as its new chief executive officer (CEO). NSG, a new public investment fund (PIF) company, believe the appointment will help them unlock the potential of space for Saudi Arabia and the global market, by delivering advanced satellite communication services through different ...

  6. 14 hours ago · For him, the role models are the sovereign wealth funds in Norway, Singapore, or Saudi Arabia, which invest privately for the long term. A German sovereign wealth fund could initiate major projects in Europe and invest in wind power, hydrogen, and laser fusion, for example, if possible with “several hundred million per project,” says Laguna.

  7. 1 day ago · Saudi Arabia Trails Only Singapore in Emerging Market VC Funding Race. Investors focus on funding rounds of $1 million to $5 million; ... Venture capital investment amounted to $768 million, down ...