FTSE Russell, An LSEG Business’ Post

Another reinforcement of the importance of the Middle East in global capital flows: BlackRock has struck a deal with the Saudi government to open a multi-class investment firm in Riyadh, anchored by a US$5 billion mandate from the Public Investment Fund. The funds will be invested primarily in the Kingdom – and will be managed by a Riyadh-based team – with the goal of attracting additional overseas investment and deepening its capital markets through a range of funds invested in public equities and bonds, as well as alternative assets such as private credit and infrastructure. #PIF #SaudiArabia #capitalmarkets #BlackRock https://okt.to/NchbUD

Saudi Arabia: A Prime Destination for Global Capital For years, I have been asserting that #SaudiArabia is becoming a top destination for capital investment. This observation is based on my knowledge and what I have witnessed in the country. Whenever #ForeignInvestors ask for my advice, I tell them: Saudi Arabia remains a blue ocean for financial investment and private equity firms, but remember, this room won't stay empty forever. Don't just take my word for it, listen to someone managing $12 trillion, the Chairman of BlackRock. A figure like him does not make investment moves lightly or without considerable thought. #Investment #SaudiArabia #Finance #GlobalCapital #BlackRock #PrivateEquity Public Investment Fund (PIF) #Visin2030

A thriving capital market drives all prosperous economies. Sh. Mohammed AlQahtani shared an interesting insight in here - There’s a very unique opportunity for investment firms in Saudi Arabia under the current conditions. As the market matures, the ‘blue ocean’ status will fade and a newer, more competitive environment will emerge. This uniqueness is reflected in the breadth of opportunities for value creation as well as capital formation and deployment. #privateequity #investmentbanking #saudiarabia #investments #venturecapital

𝐂𝐡𝐚𝐫𝐭 𝐨𝐟 𝐭𝐡𝐞 𝐰𝐞𝐞𝐤 – 𝐉𝐮𝐥𝐲 𝟏𝟗, 𝟐𝟎𝟐𝟒 An increase in China-Middle East investment cooperation has been a key theme for 2024. This has included agreements between China Investment Corporation and the likes of Investcorp and Bahrain Mumtalakat Holding Company ("Mumtalakat"), plans to establish an onshore office by Public Investment Fund (PIF) and FII applications from several middle eastern SWFs. The latest development is two Saudi Arabia ETFs onshore (both feeders into a Hong Kong-listed product from CSOP Asset Management) – each of which listed this week. Both ETFs hit the upper 10% trading limit on their first two trading days; the exchange subsequently imposed a one-hour halt at the start of trading on July 18 and added these funds to its watchlist. This is the continuation of a trend we have seen across other outbound products this year. While offshore investment demand is certainly strong, quota shortages have led to and exacerbated the effects of significant retail speculation.

Excellent capital markets development for the region

The Saudi Investment Bank (SAIB) has finalized its $750 million USD-denominated additional Tier 1 sustainable sukuk issuance, as part of its international Tier 1 sukuk program. The sukuk will be listed on the International Securities Market (ISM) of the London Stock Exchange. The Saudi Investment Bank

Saudi Wealth Fund's Sukuk Yield Adjustment Reflects Investor Confidence In a move signaling robust investor interest, Saudi Arabia's Public Investment Fund (PIF) has recalibrated the yield on its seven-year, dollar-denominated sukuk. Initially indicated at 115 basis points above US Treasuries, the yield has been tightened to 85 basis points, against a backdrop of orders exceeding $17 billion. This strong demand underscores the confidence investors place in the Kingdom's financial instruments. Discover the full story behind PIF's strategic yield adjustment on Saudi Business News, link in bio! #PIF #Sukuk #InvestorConfidence #FinancialMarkets #SaudiArabia #PublicInvestmentFund #US_Treasuries #SaudiBusiness #SaudiNews #Vision2030 #SaudiArabia

#SaudiArabia and #UAE propel regional M&A activity in H1 to hit $49.2bn. The analysis reveals that 10 of the MENA region’s highest-valued M&A transactions in early 2024 were concentrated in the Gulf Cooperation Council countries. The report highlights Saudi Public Investment Fund (PIF) sovereign wealth fund's leading role in the region’s deal activity. https://arab.news/p84cg #MENA #MergersAndAcquisitions #BusinessEconomy

🅿🅸🅵 𝗮𝗻𝗻𝗼𝘂𝗻𝗰𝗲𝘀 𝘁𝗵𝗲 𝘀𝘂𝗰𝗰𝗲𝘀𝘀𝗳𝘂𝗹 𝗽𝗿𝗶𝗰𝗶𝗻𝗴 𝗼𝗳 𝗶𝘁𝘀 𝗳𝗶𝗿𝘀𝘁 𝗚𝗕𝗣-𝗱𝗲𝗻𝗼𝗺𝗶𝗻𝗮𝘁𝗲𝗱 𝗯𝗼𝗻𝗱 𝗼𝗳𝗳𝗲𝗿𝗶𝗻𝗴 🔸️Public Investment Fund (PIF) has announced today the successful pricing of its first GBP-denominated bond offering, valued at £650 million. This announcement reflects the strong demand from investors, with the offering being oversubscribed by more than six times the total issuance within less than 24 hours, underscoring the high creditworthiness and financial strength of the fund. 🔸️This achievement marks a significant step towards realizing Vision 2030 objectives, enhancing the fund's ability to execute strategic investments globally and support the national economy. This success is a clear indicator of the high level of confidence international investors have in the Public Investment Fund and the Saudi economy as a whole. 🔸️The above news is one of the reasons I advise my friends to move their businesses, or parts of them, to Saudi Arabia. It is easy to finance projects due to the high creditworthiness of the Saudi government. Moreover, Saudi Arabia is the strongest consumer market in the Middle East and North Africa, offering promising opportunities for companies looking to expand and grow in the region. #SaudiArabia #PublicInvestmentFund #GlobalInvestments #SaudiEconomy #Vision2030 #Bonds #Financing #GBP #Investors #Creditworthiness #InvestInSaudi #InvestmentOpportunities

Saudi companies, including those backed by the Public Investment Fund (PIF) and listed on the Saudi Exchange, may explore listings in Hong Kong, according to Carlson Tong of Hong Kong Exchanges and Clearing Limited (HKEX). He mentioned "It is a win-win situation for Saudi companies to list in Hong Kong as they can raise funds to diversify their economy, while also allowing Hong Kong and international investors access to the Gulf economy" at the 8th Future Investment Initiative (FII) summit in Riyadh. At the summit, two exchange traded funds worth a total of $1.8 billion were listed on Tadawul, enabling Middle Eastern investors to trade Hong Kong stocks for the first time. #FutureInvestmentInitiative #SaudiHongKongPartnership #FII2024 #PIF #Tadawul #SaudiVision2030 #GlobalEconomy #HongKongExchange #InternationalInvestments #MiddleEastEconomy #CapitalMarkets #GlobalFinance #GlobalBusiness