Saudi Arabia's Public Investment Fund

The Public Investment Fund (PIF) of Saudi Arabia, established in 1971 and based in Riyadh, is one of the largest sovereign wealth funds globally, playing a pivotal role in the nation’s economic transformation. PIF focuses on sustainable investments across a diverse portfolio that includes domestic, regional, and international assets in various sectors. The fund aims to localize modern technology and stimulate economic growth by financing strategically significant projects that align with the country’s development goals. PIF is actively expanding its international presence through strategic partnerships and initiatives, contributing to the broader objectives outlined in the Vision program, which seeks to diversify the economy and enhance its global competitiveness. The fund's assets are managed by a dedicated executive team, ensuring a cohesive approach to investment and development.

Abdulmajeed Alhagbani

Senior Director

Bander Mogren

COO

Past deals in Saudi Arabia

Tamara

Series C in 2023
Tamara is a prominent shopping and payments platform based in Riyadh, Saudi Arabia, and serves the GCC region. Founded in September 2020 by Abdulmajeed Alsukhan and his partners, the company aims to revolutionize shopping, payment, and banking experiences. With a workforce of over 350 employees, Tamara operates additional offices in the UAE, Egypt, Germany, and Vietnam. The platform empowers merchants by providing flexible payment solutions, including installment options, through its application programming interfaces and plugins. This functionality enhances customer experiences and boosts sales for merchants. Tamara has established a robust customer base of 6 million and collaborates with over 15,000 partner merchants, which include both leading global brands and local small and medium enterprises. The company has successfully raised significant funding, highlighting its strong market presence and growth potential.

Saudi Iron & Steel Co.(Hadeed)

Acquisition in 2023
Saudi Iron & Steel Co. (Hadeed) is a Saudi iron and steel firm that produces steel rebar, wire rod, hot rolled coils, cold rolled coils, galvanized cold, and color-coated coils.

Tamimi Markets

Private Equity Round in 2023
Tamimi Markets is one of the fastest-growing supermarket chains in Saudi Arabia, dedicated to transforming the grocery shopping experience. The company provides a comprehensive retail platform that features an extensive selection of fresh produce and premium products. By focusing on high-quality groceries and personalized services, Tamimi Markets caters to discerning consumers who seek convenience and exceptional customer service. This commitment to quality and customer satisfaction has positioned Tamimi Markets as a leader in the grocery retail sector.

Saudi Tabreed

Private Equity Round in 2022
Saudi Tabreed is a provider of district cooling services headquartered in Al Khobar, Saudi Arabia. The company specializes in the production and distribution of chilled water, which is delivered from a central facility to multiple buildings through an extensive network of pipes for air conditioning purposes. Saudi Tabreed develops, invests in, and maintains district cooling schemes on a build-operate-own basis, focusing on delivering reliable and cost-effective cooling solutions. Its services cater to a variety of sectors, including airports, government buildings, and significant real estate developments, particularly in urban projects.

Kingdom Holding Company

Post in 2022
Kingdom Holding Company, founded in 1979 and based in Riyadh, Saudi Arabia, is a prominent international investment firm led by HRH Prince Alwaleed bin Talal. The company has established a diverse portfolio, investing in sectors such as aviation, banking, financial services, digital services, e-commerce, education, healthcare, hotel management, and petrochemicals. Kingdom Holding Company is recognized for its strategic focus on high-performance companies and leading brands, including notable entities like Apple, Citigroup, and Walt Disney. The firm adopts a long-term investment approach, aiming to extract value from undervalued or underperforming assets while leveraging Prince Alwaleed’s extensive experience and international network.
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