Hong Kong Monetary Authority & Saudi Arabia $930 Billion Sovereign Wealth Fund Public Investment Fund (PIF) to Anchor $1 Billion Fund to Invest in Companies with Hong Kong Nexus Expanding to Saudi Arabia to Drive Localization of Key Industries Including in Manufacturing, Renewables, Fintech & Healthcare
3rd November 2024 | Hong Kong
Hong Kong Monetary Authority (HKMA) & Saudi Arabia $930 billion sovereign wealth fund Public Investment Fund (PIF) have announced to jointly anchor a $1 billion fund to invest in companies with Hong Kong nexus expanding to Saudi Arabia to drive localization of key industries including in manufacturing, renewables, fintech & healthcare. Public Investment Fund (PIF) also signed $51 billion of MoUs (Memorandums of Understanding) with 5 Japan financial institutions Mizuho Bank, Sumitomo Mitsui Financial Group, MUFG Bank, JBIC, and Nippon Export & Investment Insurance (NEXI). Earlier, Public Investment Fund (PIF) announced to anchor Brookfield Asset Management new $2 billion Middle East fund investing in private equity & real estate, with 50% of the funds to be invested in Saudi Arabia. In 2024 October, Public Investment Fund (PIF) has announced to buy 40% of department store Selfridges from Austria billionaire Rene Benko insolvent Signa Group with Thailand retail conglomerate Central Group currently owning the remaining 60%. Both PIF & Central Group will inject new capital into Selfridges after the transaction.
“ Hong Kong Monetary Authority & Saudi Arabia $930 Billion Sovereign Wealth Fund Public Investment Fund (PIF) to Anchor $1 Billion Fund to Invest in Companies with Hong Kong Nexus Expanding to Saudi Arabia to Drive Localization of Key Industries Including in Manufacturing, Renewables, Fintech & Healthcare “
Saudi Arabia $930 Billion Sovereign Wealth Fund Public Investment Fund (PIF) Signs $51 Billion of MoUs with 5 Japan Financial Institutions Mizuho Bank, Sumitomo Mitsui Financial Group, MUFG Bank, JBIC and Nippon Export & Investment Insurance (NEXI)
1st November 2024 – Saudi Arabia $930 billion sovereign wealth fund Public Investment Fund (PIF) has signed $51 billion of MoUs (Memorandums of Understanding) with 5 Japan financial institutions Mizuho Bank, Sumitomo Mitsui Financial Group, MUFG Bank, JBIC, and Nippon Export & Investment Insurance (NEXI). Earlier, Public Investment Fund (PIF) announced to anchor Brookfield Asset Management new $2 billion Middle East fund investing in private equity & real estate, with 50% of the funds to be invested in Saudi Arabia. In 2024 October, Public Investment Fund (PIF) has announced to buy 40% of department store Selfridges from Austria billionaire Rene Benko insolvent Signa Group with Thailand retail conglomerate Central Group currently owning the remaining 60%. Both PIF & Central Group will inject new capital into Selfridges after the transaction.
Saudi Arabia $930 Billion Sovereign Wealth Fund Public Investment Fund (PIF) to Anchor Brookfield Asset Management New $2 Billion Middle East Fund Investing in Private Equity & Real Estate, 50% of Funds to be Invested in Saudi Arabia
1st November 2024 – Saudi Arabia $930 billion sovereign wealth fund Public Investment Fund (PIF) will be anchoring Brookfield Asset Management new $2 billion Middle East fund investing in private equity & real estate, with 50% of the funds to be invested in Saudi Arabia. In 2024 October, Public Investment Fund (PIF) has announced to buy 40% of department store Selfridges from Austria billionaire Rene Benko insolvent Signa Group with Thailand retail conglomerate Central Group currently owning the remaining 60%. Both PIF & Central Group will inject new capital into Selfridges after the transaction.
Saudi Arabia $930 Billion Sovereign Wealth Fund Public Investment Fund (PIF) to buy 40% of Department Store Selfridges from Austria Billionaire Rene Benko Insolvent Signa Group with Thailand Retail Conglomerate Central Group Currently Owning 60%, Both PIF & Central Group to Inject New Capital into Selfridges after Transaction, Founded by Harry Gordon Selfridge in 1908 & Opened to Public in 1909
12th October 2024 – Saudi Arabia $930 billion sovereign wealth fund Public Investment Fund (PIF) is buying 40% of department store Selfridges from Austria billionaire Rene Benko insolvent Signa Group with Thailand retail conglomerate Central Group currently owning the remaining 60%. Both PIF & Central Group will inject new capital into Selfridges after the transaction. Selfridges was founded by Harry Gordon Selfridge in 1908, and opened to public in 1909.
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