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Saudi Arabia’s PIF Invests $200 Million in First Globally Listed Saudi ETF
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09.01.202510.01.2025Investments

Saudi Arabia’s PIF Invests $200 Million in First Globally Listed Saudi ETF

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The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has invested $200 million in the first internationally listed exchange-traded fund (ETF) centered on Saudi Arabia. The fund, known as the SPDR J.P. Morgan Saudi Arabia Aggregate Bond UCITS ETF, is managed by State Street Global Advisors. The announcement was made during a bell-ringing ceremony...

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02.01.202502.01.2025Business, Investments

Mubadala Tops Global Wealth Fund Spending in 2024

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Abu Dhabi’s Mubadala Investment Company has taken the lead as the world’s biggest spender among sovereign wealth funds in 2024. The fund deployed $29.2 billion last year, a sharp increase from $17.5 billion in 2023, according to a report by Global SWF, an industry tracker. This marks a significant shift, as Saudi Arabia’s Public Investment...