Lucid is ‘key step’ in Saudi PIF’s strategy after market debut
PIF is believed to hold more than 60% of the stock after its 2018 cash injection into the start-up, giving it a paper profit of at least $15bln
Arab News - 18 hours ago
Public Investment Fund
Also known as: PIF Last updated on: 14 January 2021
fast facts
Business SummarySaudi Arabian governmental fund investing in national equity and financing local commercial projects with the main objective of developing the country's national economy and growth.Country of IncorporationSaudi ArabiaOwnership TypeGovernmentEstablished In1971Primary SectorFinancial ServicesNumber of Employees1000Contact details
Primary address
Building: Ministry of Finance - Saudi Arabia Building 2Street: King Abdulaziz Road
Floor: 6th Floor
Area: Al-Nakheel Area
P.O. Box: 6847
Country: Saudi Arabia
City: Riyadh
City Suffix: 11452
Region
RiyadhCONTACT
- Tel: +966 11-405-0000
- Fax: +966 11-412-3474
- Email: info@pif.gov.sa
- www.pif.gov.sa
Officers
- Name availableChairman
- Name availableDirector
- Name availableDirector
- Name availableDirector
- Name availableDirector
- Name availableDirector
- Name availableDirector
- Name availableDirector
- Name availableDirector
- Name availableBoard Secretary
- Name availableGovernor
- Name availableChief Financial Officer
- Name availableChief Operations Officer
- Name availableActing Chief of Staff
- Name availableHead of Corporate Finance
- Name availableHead of Risk
- Name availableHead of International Investments
- Name availableHead of Local Holdings Investments
- Name availableHead of Local Real Estate Investments
- Name availableHead of Compliance
- Name availableHead of International Private Equity
- Name availableHead of National Development
- Name availableHead of Internal Audit
- Name availableHead of Corporate Communications
- Name availableHead of Administration Affairs
- Name availableGeneral Counsel
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MoreLucid Motors debuts on Nasdaq through merger with Churchill Capital Corp IV
Lucid Motors begins trading today as Lucid Group, Inc., under the new ticker symbol "LCID" after completing a merger with Churchill Capital Corp IV
Press Release - 26-Jul-2021Saudi's PIF-backed Lucid Motors makes trading debut on Nasdaq
The deal will help Lucid raise $4.4bln, which will be used to fast track its production growth plans
Arab News - 26-Jul-2021Fitch ratings revision is all good news for Saudi budget
According to Fitch, the Saudi government will retain significant fiscal buffers, despite sharp drawdowns since peak in reserves in 2014
Arab News - 23-Jul-2021Saudi Arabia biggest winner from US electric-vehicle startup boom as Lucid goes public
Saudi Public Investment Fund will own more than 60% of Lucid after listing
Arab News - 21-Jul-2021Similar Companies
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