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Saudi Ministry of Sport Begins Transfer of 25% Stakes in Al-Ittihad, Al-Ahli, Al-Hilal and Al-Nassr to PIF RIYADH, August 19 (Saudi Arabia Breaking News) — The Saudi Ministry of Sport has begun transferring to the Public Investment Fund the 25% stakes in Al-Ittihad, Al-Ahli, Al-Hilal and Al-Nassr held by the clubs’ nonprofit foundations. The ministry has also started dissolving the boards of directors governing those foundations after completing the regulatory procedures requ

PIF London Championship Opens With Leading Women Golfers at Centurion Club | 📷SPA LONDON, August 6 (Saudi Arabia Breaking News) — The sixth PIF London Championship began at Centurion Club on Thursday, bringing an international field of women golfers to the four-day competition. The tournament is being held from August 6 to 9 in St Albans, Hertfordshire, near London. It is sanctioned by the Ladies European Tour and awards world ranking points. English golfer Charley Hull said

RIYADH, May 14, 2026 (Saudi Arabia Breaking News) – Saudi Arabia’s Public Investment Fund (PIF) and FIFA have announced PIF as an Official Tournament Supporter in North America and Asia of the FIFA World Cup 2026, to be staged across the United States, Canada and Mexico. The partnership incorporates two PIF companies: Savvy Games Group, Saudi Arabia’s national and global champion for games and esports, and Qiddiya City, Saudi Arabia’s future capital of entertainment, sport an

TOKYO, December 1, 2025 (Saudi Arabia Breaking News) – Saudi Arabia aims to attract more Japanese companies as it works to expand foreign investment in support of its economic diversification plans, the governor of the Public Investment Fund (PIF) said on Monday. Saudi Arabia is preparing to shift its nearly $925 billion sovereign wealth fund away from real estate projects that have dominated development efforts over the past decade, Reuters reported in October. A new strateg

📷SPA RIYADH, November 21, 2025 (Saudi Arabia Breaking News) – The Public Investment Fund (PIF), the Saudi Information Technology Company (SITE), and Microsoft announced the signing of a memorandum of understanding (MoU) to explore the delivery of Microsoft’s sovereign-cloud services in Saudi Arabia, aiming to enhance data security, confidentiality, and sovereignty within the Kingdom while enabling access to advanced cloud and AI technologies. Microsoft brings long-standing e

📷PIF Riyadh, September 8, 2025 (Saudi Arabia Breaking News) – The Public Investment Fund (PIF) and Macquarie Asset Management (MAM)...