Saudi Arabia: Public Investment Fund spree takes in deals in Europe, Africa – and in Asir

In depth
Issue 1160 - 16 Dec 2022 | 4 minute read

Huge investments by Saudi Arabia’s sovereign wealth fund the Public Investment Fund (PIF) – chaired by Prime Minister and Crown Prince Mohammed Bin Salman (MBS) – and its subsidiaries and affiliates are continuing to define wider Saudi strategy. Recent big deals include Saudi National Bank (SNB)’s move to buy nearly 10% of Credit Suisse, a big potential bank takeover in Egypt and efforts to boost tourism-focused investment in marginalised areas of the kingdom.

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