Tag: PIF


Esports giants ESL Gaming-FACEIT set to merge

Esports ESL sold to Saudi Arabia

ESL Gaming and FACEIT, two of esports’ biggest tournament organizers, have announced a merger set to be finalized in Q2 of 2022. The ‘Esports Insider’ stated that the two companies had been purchased by Saudi Arabian Government-backed Savvy Gaming Group for a combined $1.5bn (~£1.1bn). ESL... » Read more


SEVEN’s ambitious plans for Saudi Arabia

Saudi Arabia - Seven

The Saudi Entertainment Ventures Company (SEVEN) – which is a fully owned subsidiary of the sovereign Public Investment Fund (PIF), and is authorized to invest, develop, and operate entertainment destinations in Saudi Arabia – has unfolded plans to expand its network by setting up additional... » Read more


Saudi tourism masterpiece Amaala standalone entity

The sovereign wealth fund of Saudi Arabia – has absorbed Amaala as a standalone company.

Public Investment Fund (PIF) – the sovereign wealth fund of Saudi Arabia – has absorbed Amaala as a standalone company. Amaala is a visionary giga-project initiated by the PIF in northwest Saudi Arabia. Amaala’s objective is to set new benchmarks in sustainable development while giving the... » Read more


Saudi group unveils plans for theme park, cinemas

Saudi Entertainment Ventures (SEVEN)

Saudi Entertainment Ventures (SEVEN), a wholly-owned subsidiary of Saudi Arabia’s Crown Prince Mohammed Bin Salman-led Public Investment Fund (PIF), has unveiled seven entertainment development projects, including a theme park and three cinemas, to be constructed in the kingdom as the... » Read more


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