Latest news with #AhmedAlrobayan
Arabian Business
02-05-2025
- Business
- Arabian Business
Saudi PIF prices $1.25bn sukuk offering amid strong demand
The Saudi Public Investment Fund (PIF) announced the pricing of a $1.25 billion sukuk offering. The proceeds of the dollar-denominated offering will be used for PIF's general corporate purposes, the Saudi sovereign wealth fund revealed. The seven-year sukuk, to be listed on the London Stock Exchange's International Securities Market, attracted over $9 billion in orders — more than 6.5 times the amount offered. Ahmed Alrobayan, head of Public Markets, Global Capital Finance, at PIF, said the strong investor demand for the new sukuk offering underscores PIF's robust credit profile, along with its role as a key driver of Saudi Arabia's economic transformation. 'The transaction represents a continuation of our established and diversified financing strategy, which draws strong support from international investors,' he said. PIF's long-term strategy for raising capital involves a broad mix of financing tools, such as sukuk and bond issuances.
Zawya
02-05-2025
- Business
- Zawya
PIF prices $1.25bln international sukuk offering
PIF is rated Aa3 by Moody's and A+ by Fitch, both with stable outlook RIYADH – PIF today announced the pricing of a $1.25 billion sukuk offering. The proceeds of the dollar-denominated offering will be used for PIF's general corporate purposes. The seven-year sukuk was more than 6.5 times oversubscribed, with orders exceeding $9 billion. The Sukuk will be listed on the London Stock Exchange's International Securities Market as part of PIF's international sukuk issuance program. Ahmed Alrobayan, Head of Public Markets, Global Capital Finance, at PIF, said: 'The strong investor demand for this new sukuk offering underscores PIF's robust credit profile, along with its role as a key driver of Saudi Arabia's economic transformation. The transaction represents a continuation of our established and diversified financing strategy, which draws strong support from international investors.' PIF's long-term capital-raising strategy includes a diverse range of instruments, including sukuk and bond programs. Earlier this year, PIF completed its inaugural murabaha credit facility and last August renewed a revolving credit facility. PIF is rated Aa3 by Moody's with a stable outlook, and A+ by Fitch, also with a stable outlook. About PIF PIF is the investment engine driving economic transformation for Saudi Arabia and the world. With an ambitious program to deliver Vision 2030, PIF invests in projects, companies and partners to diversify the Saudi economy, stimulate growth in every major sector, and create new opportunities for investment and employment. And as a global investor and catalyst of change, PIF actively partners with the most pioneering organizations across the world to accelerate their growth, and transfer the technology and knowledge needed to build industry ecosystems of the future. Since 2017, PIF has established 103 companies and is driving the transition to a more sustainable economy through strategic investments and partnerships across the Saudi public and private sector. PIF is laying the foundations for local and international partners to invest in the economic and societal transformation of Saudi Arabia. For more information, visit the website at Rupert Trefgarne: rtrefgarne@ +966 546 0057 33
Saudi Gazette
01-05-2025
- Business
- Saudi Gazette
PIF announces pricing of $1.25 billion international sukuk offering
Saudi Gazette report RIYADH — The Public Investment Fund (PIF) announced on Thursday the pricing of a $1.25 billion sukuk offering. The proceeds of the dollar-denominated offering will be used for PIF's general corporate purposes, the Saudi sovereign wealth fund revealed. The seven-year sukuk was more than 6.5 times oversubscribed, with orders exceeding $9 billion. The sukuk will be listed on the London Stock Exchange's International Securities Market as part of PIF's international sukuk issuance program. Ahmed Alrobayan, head of Public Markets, Global Capital Finance, at PIF, said: 'The strong investor demand for this new sukuk offering underscores PIF's robust credit profile, along with its role as a key driver of Saudi Arabia's economic transformation. The transaction represents a continuation of our established and diversified financing strategy, which draws strong support from international investors.' PIF's long-term capital-raising strategy includes a diverse range of instruments, including sukuk and bond programs. Earlier this year, PIF completed its inaugural murabaha credit facility and last August renewed a revolving credit facility. PIF is rated Aa3 by Moody's with a stable outlook, and A+ by Fitch, also with a stable outlook. It is noteworthy that PIF is the investment engine driving economic transformation for Saudi Arabia and the world. With an ambitious program to deliver Vision 2030, PIF invests in projects, companies and partners to diversify the Saudi economy, stimulate growth in every major sector, and create new opportunities for investment and employment. As a global investor and catalyst of change, PIF actively partners with the most pioneering organizations across the world to accelerate their growth, and transfer the technology and knowledge needed to build industry ecosystems of the future. Since 2017, PIF has established 103 companies and is driving the transition to a more sustainable economy through strategic investments and partnerships across the Saudi public and private sector. PIF is laying the foundations for local and international partners to invest in the economic and societal transformation of Saudi Arabia.
Arab News
01-05-2025
- Business
- Arab News
PIF announces pricing of $1.25 billion international sukuk offering
RIYADH: The Public Investment Fund on Thursday announced the pricing of a $1.25 billion sukuk offering, with the proceeds of the dollar-denominated offering to be used for PIF's general corporate purposes. The seven-year sukuk was more than 6.5 times oversubscribed, with orders exceeding $9 billion, according to a media statement. The sukuk will be listed on the London Stock Exchange's International Securities Market as part of PIF's international sukuk issuance program. Ahmed Alrobayan, head of public markets, global capital finance, at PIF, said: 'The strong investor demand for this new sukuk offering underscores PIF's robust credit profile, along with its role as a key driver of Saudi Arabia's economic transformation.' The transaction represents a continuation of the established and diversified financing strategy, which draws strong support from international investors, Alrobayan said. PIF's long-term capital-raising strategy includes a diverse range of instruments, including sukuk and bond programs. PIF has completed its inaugural murabaha credit facility since earlier this year, and last August renewed a revolving credit facility. PIF is rated Aa3 by Moody's with a stable outlook, and A+ by Fitch, also with a stable outlook.
Gulf Business
28-01-2025
- Business
- Gulf Business
Saudi Arabia's PIF completes $4bn bond issuance
Saudi Arabia's Public Investment Fund (PIF) has announced the successful completion of a $4bn Reg S bond issuance. The proceeds will be used for general corporate purposes. The international bond offering, which is part of PIF's Euro Medium-Term Note Programme, was four times oversubscribed, with an order book totaling approximately $16bn. The issuance consists of two tranches: $2.4bn (SAR9bn), maturing in five years $1.6bn (SAR6bn), maturing in nine and a half years PIF bond oversubscribed The strong oversubscription highlights the effectiveness of PIF's capital-raising strategy. The issuance further reinforces PIF's robust financial standing and its adherence to best practices in debt financing. Ahmed Alrobayan, head of Public Markets, Global Capital Finance at 'These factors allow uninterrupted access to the global capital markets and support PIF's efforts in driving Saudi Arabia's economic transformation.' PIF holds an Aa3 rating from Moody's with a stable outlook, and an A+ rating from Fitch, also with a stable outlook. The
