Uber Surpasses Lucid to Become PIF’s Largest US Equity Holding by Value
Uber has become the Saudi PIF’s largest US equity holding by market value at $5.31 billion, surpassing Lucid, the electric vehicle manufacturer.
May 28, 2025
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Uber has become the Saudi PIF’s largest US equity holding by market value at $5.31 billion, surpassing Lucid, the electric vehicle manufacturer.
Saudi Arabia’s Public Investment Fund(PIF) has opened its new office in Paris to increase its investments in Europe to $170 billion by 2030.
Saudi Arabia’s Crown Prince has launched a new PIF owned AI company, HUMAIN to drive global innovation.
Saudi Arabia’s PIF backed Cruise Saudi has revealed plans for a 2nd Red Sea Private Island north of Jeddah by 2027.
Saudi Arabia’s Savvy Games backed Scopely has acquired the maker of Pokémon Go, Niantic Labs for $3.5 billion to boost its gaming portfolio.
Saudi Arabia’s Public Investment Fund has launched the first Saudi owned duty free retailer, Al Waha, to dominate and develop the travel retail sector.
Saudi Arabia has introduced new Infrastructure guaranteed financing to boost the growing construction sector in the Kingdom.
The PIF owned Boutique Group, which specializes in transforming historic Saudi palaces into luxury hotels, plans to potentially triple its portfolio by 2030 and is exploring international expansion.
The Saudi PIF backed developer Umm Al Qura for Development and Construction is due to launch an IPO to support its much anticipated $26.6 billion MASAR Makkah project.
The PIF owned Boutique Group, which specializes in transforming historic Saudi palaces into luxury hotels, is set to open its highly anticipated Red Palace in April 2026.
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