Tag: PIF

Saudi Arabia ready to splurge on rugby

Article posted by Coliseum, February 6^th, 2024

The Saudi Arabian Public Investment Fund (PIF) is reportedly in discussions with four top-flight rugby clubs of United Kingdom over pouring money into the sport. It is claimed that the Premiership sides Gloucester Rugby, Leicester Tigers, Newcastle Falcons, and the Northampton Saints have all been... » Read more

PIF to call the WWE shots as McMahon returns?

Article posted by Coliseum, January 13^th, 2023

American media proprietor Vince McMahon has sensationally returned to the World Wrestling Entertainment (WWE) and is reportedly in talks to sell the franchise to the Premier League club Newcastle United F.C.’s (UK) Saudi Arabian owners. ‘talkSPORT’ stated that Saudi Arabia’s Public... » Read more

PIF dive deep into world of football

Article posted by Coliseum, October 20^th, 2022

The Public Investment Fund (PIF) of Saudi Arabia has committed £2 billion to new long-term football sponsorship deals outside of the Premier League team Newcastle United F.C. (UK) in 2022. ‘Newcastle World’ stated that the PIF, who own 80 percent of ‘The Magpies’, has invested heavily... » Read more

Esports giants ESL Gaming-FACEIT set to merge

Article posted by Coliseum, February 8^th, 2022

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

Article posted by Coliseum, March 12^th, 2020

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

Article posted by Coliseum, December 17^th, 2019

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

Article posted by Coliseum, July 2^nd, 2019

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