8 Major International Companies That Are Partially Owned By The Saudi Government

Over the past few years Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has been making several high-profile investments. Bloomberg reported that PIF’s holdings are estimated to be around a whopping $230 billion. The investments are spread over an array of sectors spanning the globe from America in the West to South Korea in the East.

Without further ado here are eight companies that Saudi Arabia has invested huge amounts in.

Lucid

Tesla’s competitor Lucid is one of the latest investments of the PIF. The PIF has agreed to invest more than $1 billion in it and only time will tell how successful the American electric vehicle maker will become in the years to come.

Americana

The Kuwaiti food giant that is much loved in the region but what many don’t know about it is that Saudi Arabia’s PIF holds a considerable stake in it.

Gulf International Bank

Over 97% of the Bahrain based bank is owned by Saudi Arabia.

Hapag Lloyd

PIF holds a significant stake in the transnational German-based transportation company.

Endeavor

Earlier this year it was reported that the kingdom’s sovereign wealth fund is taking a $400 million stake in Endeavor, one of Hollywood’s biggest talent and event managers.

Tesla

The PIF is said to have amassed over 5% stake in American automobile giant, Tesla.

Magic Leap

The augmented reality American startup that has investors like Google and Alibaba amongst its ranks received a $400 million investment by the PIF earlier this year.

AccorInvest

The Public Investment Fund is reported to be among the consortium of investors that took hold of a 55 percent stake in Accor Hotels’ property unit through an agreement signed earlier this year. The total investment by the consortium was $5.4 billion.