Company Directory - Public Investment Fund of Saudi Arabia
Company Details - Public Investment Fund of Saudi Arabia
Public Investment Fund of Saudi Arabia
WebsiteSaudi Arabia
The Public Investment Fund (PIF) is the sovereign wealth fund of Saudi Arabia, focusing on investments in various sectors including technology, entertainment, and sports, driving economic diversification and development in the Kingdom.
CCI Score
CCI Score: Public Investment Fund of Saudi Arabia
-54.42
0.03%
Latest Event
PIF Investment Bid Rejected in PGA Tour Negotiations
The article reports that amid ongoing negotiations aimed at a potential merger between the PGA Tour and LIV Golf, the Public Investment Fund of Saudi Arabia made a $1.5 billion investment bid into PGA Tour Enterprises which was ultimately rejected. This move is seen as an attempt by a state-backed fund from an authoritarian regime to expand its economic influence in culturally significant sectors.
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QUISLING
Public Investment Fund of Saudi Arabia is currently rated as a Quisling.
Latest Events
- APR042025
The article reports that amid ongoing negotiations aimed at a potential merger between the PGA Tour and LIV Golf, the Public Investment Fund of Saudi Arabia made a $1.5 billion investment bid into PGA Tour Enterprises which was ultimately rejected. This move is seen as an attempt by a state-backed fund from an authoritarian regime to expand its economic influence in culturally significant sectors.
- FEB192025
The Public Investment Fund of Saudi Arabia is sponsoring the FII Institute Priority Summit in Miami from February 19 to 21, 2025—a high-profile event critics condemn for whitewashing the kingdom’s egregious human rights record and bolstering an authoritarian regime’s image.
-80
Public and Political Behavior
April 4
By sponsoring a glamorous investment conference that downplays decades of human rights abuses, the PIF leverages public and political behavior to launder its reputation and indirectly support an oppressive regime’s agenda.
Saudi Arabia: Public Investment Fund Meeting Whitewashes Abuses
-70
Business Practices and Ethical Responsibility
April 4
The summit is a prime example of unethical business practices where a state-controlled investment fund uses high-profile events to distract from systemic human rights violations, undermining ethical responsibility and transparency.
Saudi Arabia: Public Investment Fund Meeting Whitewashes Abuses
- DEC192024
A Human Rights Watch report highlights that the Public Investment Fund collaborated with Morgan Stanley to acquire a 36% stake in Saudi Binladin Group, a company with a record of migrant labor abuses in Saudi Arabia's giga-projects.
-60
Labor Relations and Human Rights Practices
April 4
The report details widespread labor abuses affecting migrant workers, and PIF's role through its investment in Saudi Binladin Group ties it to a history of poor labor practices and human rights violations in the region.
-40
Economic Collaboration
April 4
By collaborating with Morgan Stanley to acquire a significant stake in Saudi Binladin Group, PIF is engaging in economic practices that reinforce structural systems enabling labor abuses, thus deepening its complicity in human rights violations.
- NOV232024
A Human Rights Watch report alleges that projects funded by the Public Investment Fund of Saudi Arabia have led to abuses affecting marginalized communities including migrant workers, rural residents, and poor working-class individuals. The report, published on November 23, 2024, implicates the fund in contributing to conditions that undermine labor rights and human dignity.
-70
Labor Relations and Human Rights Practices
April 4
The report links the fund's investment projects to significant human rights abuses impacting vulnerable groups, including migrant workers and rural communities. This connection to poor labor practices and disregard for human rights is indicative of actions that bolster authoritarian and oppressive structures.
Saudi Arabia: Public Investment Fund Linked To Abuses, Says HRW
- NOV212024
A Human Rights Watch report from November 2024 accuses Saudi Arabia's Public Investment Fund (PIF) of benefiting from and facilitating human rights abuses, including forced evictions, migrant worker exploitation, arbitrary detentions, and the whitewashing of government abuses under Crown Prince Mohammed bin Salman’s control.
-70
Executive Political Engagement
April 4
The report highlights that the PIF, under the control of Crown Prince Mohammed bin Salman, is used as a political tool to neutralize scrutiny of an authoritarian agenda and whitewash human rights abuses. This demonstrates a deeply problematic engagement in political behavior that undercuts democratic accountability.
-80
Labor Relations and Human Rights Practices
April 4
The report documents serious labor and human rights violations, including forced evictions, migrant worker abuse, arbitrary detentions, and property extortion, highlighting a pattern of exploitation that is directly associated with PIF's business practices.
- NOV212024
A Human Rights Watch report accuses the Public Investment Fund of Saudi Arabia of engaging in practices that facilitate human rights abuses. The report details the expropriation of Saudi companies, acquisition of an airline implicated in transporting assassins linked to the killing of journalist Jamal Khashoggi, forced displacement related to the NEOM project, and use of legal and contractual measures to silence dissent, all of which compound concerns over transparency and worker rights.
-40
Public and Political Behavior
April 4
The report highlights the fund’s use of its acquisitions and legal actions to stifle dissent and shield itself from accountability, actions that fall under Public and Political Behavior. These measures, including non-disparagement clauses and litigation against critics, indicate a broader strategy to suppress opposition, aligning with authoritarian practices.
HRW: Saudi Arabia public investment fund aids human rights abuses
-50
Labor Relations and Human Rights Practices
April 4
The report criticizes PIF for its involvement in projects that resulted in forced displacement and inadequate protections for worker rights, including the displacement of the Huwaitat tribe and the stark contrast with migrant worker conditions. These issues highlight severe lapses in labor relations and human rights practices.
HRW: Saudi Arabia public investment fund aids human rights abuses
-30
Economic Collaboration
April 4
PIF has leveraged its vast economic resources to engage in actions that undermine democratic accountability, including the acquisition of companies implicated in human rights abuses and the use of economic clout to enforce non-disparagement clauses and pursue legal action against critics. This reflects a concerning level of economic collaboration that supports authoritarian practices.
HRW: Saudi Arabia public investment fund aids human rights abuses
- NOV202024
A Human Rights Watch report published on November 20, 2024, alleges that Saudi Arabia's Public Investment Fund has facilitated and benefited from human rights abuses including forced evictions, arbitrary detentions, and involvement in the murder of journalist Jamal Khashoggi under Crown Prince Mohammed bin Salman's control.
-85
Executive Political Engagement
April 4
The report details how Crown Prince Mohammed bin Salman wields unchecked control over the PIF to direct state resources in support of policies that facilitate severe human rights violations, reinforcing authoritarian governance.
-75
Labor Relations and Human Rights Practices
April 4
PIF-backed projects have led to the displacement of marginalized and working-class communities, alongside documented abuses against migrant workers, highlighting severe breaches in labor rights and human rights practices.
-70
Economic Collaboration
April 4
The fund's utilization of vast state wealth to support megaprojects and economic initiatives serves as an instrument of authoritarian influence, further embedding systemic abuses and prioritizing regime stability over human rights.
- NOV202024
A Human Rights Watch report alleges that Saudi Arabia’s Public Investment Fund (PIF) is complicit in human rights abuses domestically and internationally, including politically motivated expropriations, corrupt practices, forced displacement of indigenous communities, and the use of non-disparagement clauses in contracts linked to controversial deals such as the acquisition of Sky Prime Aviation associated with the assassination of journalist Jamal Khashoggi.
-70
Public and Political Behavior
April 4
The report highlights concerns over PIF’s role as an arm of an authoritarian regime, with leadership linked to Crown Prince Mohammed Bin Salman and close government allies. Its use of non-disparagement clauses and politically motivated business practices undermines transparency and accountability, thereby supporting authoritarian behaviors.
Concerns Mount Over Saudi Arabia's Public Investment Fund Amid Human Rights Abuse Allegations
-60
Business Practices and Ethical Responsibility
April 4
The allegations of corrupt practices, forced displacement of the indigenous Huwaitat tribe, and politically motivated expropriation of businesses demonstrate unethical business practices that contribute to systemic repression and exploitation.
Concerns Mount Over Saudi Arabia's Public Investment Fund Amid Human Rights Abuse Allegations
-50
Economic and Structural Influence
April 4
PIF’s involvement in international financial deals that include non-disparagement clauses and its role in shaping economic outcomes for politically motivated objectives reflect an exertion of economic and structural influence that aligns with authoritarian control.
Concerns Mount Over Saudi Arabia's Public Investment Fund Amid Human Rights Abuse Allegations
- JAN122024
On January 12, 2024, the Public Investment Fund of Saudi Arabia responded to subpoenas from a Senate subcommittee by urging lawmakers to retract them and by filing lawsuits in Saudi Arabia against its U.S.-based consultants. This legal maneuver was seen as an attempt to block congressional oversight and conceal documents related to its investments, including its high-profile involvement in LIV Golf and related merger discussions.
-40
Public and Political Behavior
April 4
The PIF's actions to contest a Senate subpoena by filing lawsuits and insisting on controlling its document production undermine democratic oversight. Such maneuvers impede transparent political inquiry and reflect an authoritarian approach to circumvent accountability, which is concerning from an anti-fascist perspective.
- APR122020
PIF-backed projects such as NEOM and the Jeddah Central Development Project have been linked to forced evictions, demolitions of established communities, and violent confrontations with local residents. These actions have led to severe human rights abuses, undermining worker safety, disrupting community life, and exacerbating social inequality.
-70
Public and Political Behavior
April 4
The forced evictions and violent suppression associated with mega projects reflect an authoritarian approach to urban and economic transformation. The lack of public consultation and the use of coercive tactics compromise democratic participation and civil liberties.
The Man Who Bought The World: Rights Abuses Linked to Saudi Arabia's Public Investment Fund
-75
Business Practices and Ethical Responsibility
April 4
The methods employed in these mega projects disregard ethical business responsibilities by prioritizing grand economic visions over the protection of workers’ rights and the welfare of local residents. This approach not only exploits vulnerable populations but also perpetuates systemic inequities.
The Man Who Bought The World: Rights Abuses Linked to Saudi Arabia's Public Investment Fund
-60
Economic and Structural Influence
April 4
The structural imbalances created by centralizing economic control in mega projects amplify social inequality, impeding any inclusive economic benefit. The forced demolitions and evictions illustrate how concentrated power further undermines broad-based economic development.
The Man Who Bought The World: Rights Abuses Linked to Saudi Arabia's Public Investment Fund
- NOV042017
During the 2017 anti-corruption campaign, actions led by Crown Prince Mohammed bin Salman resulted in forced asset transfers from detained individuals and bypassed established PIF governance processes. Official documents and subsequent correspondence show that urgent royal directives were used to transfer companies and assets without due process, reflecting a consolidation of state power and a disregard for accountability and human rights.
-80
Public and Political Behavior
April 4
The incident demonstrates a clear abuse of political authority and bypassing of internal controls by using royal fiat, undermining democratic governance and public accountability. Such actions concentrate power and erode public trust.
The Man Who Bought The World: Rights Abuses Linked to Saudi Arabia's Public Investment Fund
-80
Business Practices and Ethical Responsibility
April 4
The forced asset transfers executed without due process highlight severe ethical breaches in business practices. The disregard for transparency and established corporate governance structures underscores a systemic willingness to employ coercion for economic gain.
The Man Who Bought The World: Rights Abuses Linked to Saudi Arabia's Public Investment Fund
-70
Economic and Structural Influence
April 4
By consolidating economic power through forced asset transfers, the PIF has undermined structural checks and balanced growth in the economy. This move reinforces authoritarian control over state resources rather than promoting public economic benefit.
The Man Who Bought The World: Rights Abuses Linked to Saudi Arabia's Public Investment Fund
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Industries
- 523910
- Miscellaneous Intermediation
- 523999
- Miscellaneous Financial Investment Activities
- 523920
- Portfolio Management