Public Investment Fund

Lucid Group Inc (NASDAQ: LCID) said on Tuesday it has entered a deal with the government of Saudi Arabia to sell up to 100,000 electric vehicles over the next 10 years, sending shares of the luxury electric vehicle startup higher after the bell. What Happened: The deal will see the...

Saudi Arabia’s sovereign wealth fund has invested more than $3 billion in shares of video-game companies, according to 13F filings made with the United States Securities and Exchange Commission.  What Happened: The Public Investment Fund, during the fourth quarter, purchased 14.9 million...

Japan-based SoftBank Group pledged to invest $50 billion in the United States and create thousands of new jobs as part of its global $100 billion technology private equity group. SoftBank's new fund, tentatively named SoftBank Vision Fund, is part of a joint venture with Saudi Arabia's Public...