Saudi Arabia's Public Investment Fund

Saudi Arabia's Public Investment Fund (PIF), established in 1971, is a sovereign wealth fund based in Riyadh aimed at fostering the development of the national economy. Initially tasked with holding equity positions in joint-stock ventures within Saudi Arabia, PIF has since evolved to focus on sustainable investments on both domestic and international fronts. The fund is actively expanding its portfolio by investing in various global sectors and markets, while also forming strategic partnerships and launching initiatives that align with the objectives of Vision 2030. The management of PIF’s assets is overseen by an executive team dedicated to enhancing the fund's impact and contributions to economic growth.

Past deals in Saudi Arabia

Almosafer

Private Equity Round in 2022
Almosafer is an online travel platform that caters to the unique needs of travelers in the region. It provides a user-friendly interface for booking flights and hotels, making the process convenient and efficient. The company has established agreements with various airlines and hotels, allowing it to offer a wide range of options directly through its platform. Almosafer focuses on delivering affordable travel solutions and provides tips and deals to help users secure reasonable prices for their bookings. Through its website and mobile applications, Almosafer aims to simplify travel arrangements and enhance the overall experience for its customers.

ACWA Power

Corporate Round in 2020
ACWA Power International develops, invests, co-owns, and operates a portfolio of power generation and desalinated water production plants. The company’s projects include thermal, solar PV, solar CSP, and wind. It also offers operations and maintenance service for the power and water desalination industry in Saudi Arabia. The company was founded in 2004 and is headquartered in Riyadh, Saudi Arabia with regional offices in Dubai, Istanbul, Cairo, Rabat, Johannesburg, Hanoi, and Beijing. It has operations in Saudi Arabia, Oman, the United Arab Emirates, Jordan, Morocco, South Africa, Turkey, Vietnam, Mozambique, and Egypt. ACWA Power International operates as a subsidiary of ACWA Holding Company.
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