Latest news with #PIF-owned
Yahoo
25-07-2025
- Business
- Yahoo
Newcastle owners admit DEFEAT over Liverpool's Alexander Isak deal
Newcastle could be forgiven for being quite mad at the current situation they find themselves in. Granted, the club managed to land Anthony Elanga - improving their wing options - but they have come up short in the window elsewhere. LFC Kits Shop Now LFC x New Era Shop Now LFC Signed Merch Shop Now LFC x Titleist Shop Now They have been unable to add to their strikers - first losing out to Chelsea for Joao Pedro and then seeing Liverpool swoop for a priority target. Hugo Ekitike, 23, was the subject of an approach from the Geordies earlier this week but Eintracht Frankfurt were unconvinced. Liverpool move into position for Isak Liverpool needed no further encouragement - swooping decisively for an initial £69m deal. And now they face ANOTHER threat from the Reds - this time for Alexander Isak. The 25-year-old has made it quite clear he now wishes to leave St. James' Park - declining the Magpies' attempts to tie him down to a new deal. Liverpool are poised to strike; having broken the British transfer record once this summer for Florian Wirtz, Richard Hughes is ready to do it all over again. It would take £130m for Liverpool to land Isak - not to mention the £300k per week that the player would demand. But with his mind seemingly made up, Newcastle can either face the prospect of selling the Sweden international or hanging on forlornly to a very unhappy player. There is an alternative emerging for the North East club however - and one which demonstrates just how far they are prepared to go to keep Isak out of Liverpool's clutches. PIF want to buy Isak for Al-Hilal PIF-owned Newcastle have got several sister clubs in the Saudi Pro League - including Al-Hilal. Now it's being reported in TBR Football that PIF - the Saudi wealth fund - are trying to convince Isak to move to Al-Hilal instead of Liverpool. 'PIF want Alexander Isak to consider a move to the Saudi Pro League this summer,' the report reads. 'Al Hilal and PIF are prepared to pay £150 million to bring Alexander Isak to the Middle East this summer.' © IMAGO - Alexander Isak Liverpool The writing is on the wall for Newcastle Isak is unlikely to be swayed by the attempts to lure him to the Middle East. He is one of the world's foremost striking talents and DESERVES to be playing at the very highest level. Liverpool can guarantee that. The player has NOT travelled to Asia as part of Newcastle's preseason tour - where they play Arsenal, a K-League XI and Spurs. Instead he is nursing what is officially being described as a minor thigh injury while his future is being sorted out. Try as they like, Newcastle might have designs on keeping Isak or else limiting the damage of his departure by selling out of the Premier League. But player power is key. All Liverpool are waiting for is a sign that Isak wants to come to Anfield. Then it will be time to break Newcastle's hearts all over again. **👉 **Liverpool set to increase transfer budget by £200m 🔗
Gulf Insider
14-07-2025
- Automotive
- Gulf Insider
ALDANAH by ROSHN: A New Benchmark for Living in Saudi Arabia
When you think of luxury living, with spacious interiors, green spaces, and abundant amenities, Dubai often comes to mind. But that perception is shifting, and the country leading this transformation is Saudi Arabia. The Kingdom is redefining how people live, work, and play. At the forefront of this change is ROSHN Group, the PIF-owned multi-asset developer. ROSHN's latest community development recently broke ground in Dhahran, in the Eastern Region. ALDANAH, the Group's first coastal community in the region, will feature over 2,000 homes across 1.7 million square meters. It introduces a new standard of living that prioritises thoughtful design, sustainability, and lifestyle. The result is a community that not only elevates the experience for its residents but also sets a new tone for the wider region. ROSHN Group has paid close attention to feedback, offering a diverse mix of home typologies that include a driver's room, a maid's room, and shaded parking as standard. Large windows maximise natural light, creating bright and airy spaces. Responding to the growing appetite for premium homes, ROSHN has introduced three exclusive villa designs located along ALDANAH's central 'green spine'. These homes feature expansive plots, ideal for gardens or swimming pools, and come with three or four parking spaces and an internal lift. Representing just 6% of the total homes, these 150 premium villas are a limited opportunity for elevated living. ALDANAH has been designed with long-term sustainability in mind. All homes are equipped with thermal insulation, energy-efficient air conditioning, and EV charging provisions. The wider community is equally forward-thinking, with smart irrigation systems, soil moisture sensors, and recycled water supporting the lush landscaping. With more than 145,000 square meters of land cultivated with native trees and shrubs, the community is envisioned as a natural haven. This commitment is most visible in the green spine running through the heart of ALDANAH, which includes walkways and cycling paths that connect residents to the community's many amenities. As with other ROSHN developments, ALDANAH embraces the 15-minute community concept, where everything a resident needs is within a short walk or drive. Once complete, ALDANAH will feature retail outlets, restaurants, schools, mosques, and office spaces. Key regional destinations, such as Aramco Stadium, Ithra, The Avenues Mall, and KFUPM, are all within a 15-minute drive. The opening weekend saw a strong response, with more than 80% of the initial release booked. If you missed out, more homes will be released soon. To stay updated and register your interest, visit ROSHN Group's website:
News18
04-06-2025
- Business
- News18
Manchester United To Rack Up Bumper Deal From Newcastle United Owners
Last Updated: Newcastle United's majority owners PIF could be ushering a major financial windfall into Manchester United's coffers after two huge exits in the transfer window. Newcastle United's majority stake owners the Public Investment Fund (PIF) could offer Manchester United a windfall worth £135m with a double proposal. Using their cash-rich muscles, the PIF could help fund transfer business for Newcastle's Premier League rivals Red Devils after they put their entire squad up for sale. The PIF that owns other teams in their native Saudi Arabia has attracted several players over the years for big money. The Newcastle owners could be making another major financial move this summer, with their Saudi Pro League newcomers Neom SC eyeing Manchester United goalkeeper Andre Onana. According to a report by the Manchester Evening News, the Newcastle United owners-backed Saudi Public Investment Fund, Neom, could be offering Manchester United around £35m to fulfil the Onana signing during the transfer window. Onana's departure will boost United's finances and aid their transfer window plans. Onana, the Cameroon international, has his future at Old Trafford under dark clouds only two seasons after his move from Inter Milan for a £47million transfer deal. The 29-year-old goalkeeper faced a mixed bag of fortunes in his first season with the club and has since tailed off with his performances, coming up with only 11 clean sheets in 50 appearances. Speculations have been rife over Onana's potential exit since his three mistakes led to goals in the Premier League, which is the fifth highest by any goalkeeper. Onana's adieu from United could open up a deal with Neom after the Saudi club secured promotion to the league's top flight last month. The PIF could further bolster United's financial coffers with another of their Saudi Pro club – Al-Hilal – offering £100m for captain Bruno Fernandes to join in. Fernandes is currently weighing up the offer. United have signed Mattheus Cunha from Wolves in a £62.5m deal but an injection from PIF-owned clubs worth £135 million could allow manager Ruben Amorim to rebuild their entire front line following a disappointing season. United fell to 15th in the Premier League with none of their players entering the top bracket on the scoring charts and also lost the final of the Europa League to Tottenham. First Published: June 03, 2025, 13:42 IST
Saudi Gazette
19-05-2025
- Business
- Saudi Gazette
PIF chief calls for ecosystem mindset among directors at second Directors' Gathering
Saudi Gazette report RIYADH — Public Investment Fund (PIF) Governor Yasir Al-Rumayyan called on directors to treat PIF and its 220 portfolio companies as a single, integrated ecosystem, during the second edition of the PIF Directors' Gathering held Monday in Riyadh. Bringing together over 1,000 directors and executives from Saudi Arabia and abroad, the forum aimed to align strategic priorities and foster collaboration across the PIF network. Al-Rumayyan emphasized that cooperation among the portfolio companies should be considered a key measure of success. The event focused on optimizing board performance and enhancing synergies across PIF's portfolio — which includes 103 companies established directly by the sovereign fund. Discussions centered on redefining board impact amid national transformation, strengthening oversight in a changing risk environment, and addressing the governance challenges posed by AI and emerging technologies. Al-Rumayyan outlined three main board responsibilities: setting strategy, ensuring governance frameworks for management, and performance monitoring. He stressed that embracing these roles collectively can help transform macroeconomic challenges into leadership and growth opportunities. The gathering is part of PIF's broader corporate excellence strategy, including the work of its Center for Governance, established in 2020. The center offers development programs, advisory services, and thought leadership to support effective governance across both PIF-owned entities and the wider Saudi private sector. The fund's governance framework promotes merit-based hiring, accountability, and board-management clarity. It also aims to position Saudi Arabia as a global business destination and innovation hub. Since its launch in 2023, the PIF Directors' Gathering has served as a platform for enhancing boardroom excellence and aligning long-term objectives across the Kingdom's investment landscape.
Saudi Gazette
15-05-2025
- Business
- Saudi Gazette
PIF appoints Saad Alkroud to lead local real estate investments, Maram Al Johani as acting chief of staff
Saudi Gazette report RIYADH — The Public Investment Fund (PIF) has announced key leadership appointments following the transition of Eng. Aiman AlMudaifer to Managing Director and Chief Executive Officer of NEOM. These appointments are part of PIF's continued efforts to strengthen its leadership foundation and drive forward its strategic mandate. Saad Alkroud has been named Head of the Local Real Estate Investment Division, taking over the portfolio previously overseen by AlMudaifer. Alkroud has served as Chief of Staff at PIF since 2021 and brings extensive experience in strategic planning and stakeholder management. In his new role, he will be responsible for developing and expanding PIF's real estate and infrastructure investment portfolio, which includes Saudi Arabia's landmark giga-projects and other strategic developments. Alkroud joined PIF in 2016 as Head of Stakeholder Management, where he oversaw board and committee affairs and managed relationships with both international and local entities. He was appointed Chief of Staff in 2021 and took on additional duties as Secretary General to the PIF Board of Directors in 2022. In these roles, he supervised the fund's corporate strategy, project management office, and the affairs of PIF's portfolio companies. Alkroud also holds board memberships across several PIF-owned firms. AlMudaifer, who had led the Local Real Estate Investment Division since 2018, played a central role in the division's growth and transformation. By 2023, the division managed investments in over 35 real estate companies and significantly contributed to Saudi Arabia's economic diversification, including in tourism and cultural infrastructure. AlMudaifer has served as Acting CEO of NEOM since November 2024. In a related move, Maram Al Johani has been appointed Acting Chief of Staff and Secretary General to the PIF Board of Directors. Al Johani will lead organization-wide strategic planning, data and committee governance, and the project management office. She will also oversee affairs related to portfolio companies and manage engagement with international and domestic stakeholders. Al Johani joined PIF in 2017 following a tenure at PricewaterhouseCoopers. Since 2021, she has served as Head of Data and Committees Governance and Advisory, bringing a strong track record in strategic operations to her new position.
