Logo ofPublic Investment Fund (PIF)
The Public Investment Fund (PIF) is considering to offer a number of its subsidiaries this year, Semafor website reported, citing people familiar with the matter. 
The sovereign fund earmarked as many as eight companies — including Arcelor Mittal Jubail, a metal pipes producer, events management company Sela, Saudi Global Ports, Alkhorayef Petroleum, and Cloudkitchens — for IPOs this year.
Richard Attias Associates, the organizer behind the Kingdom’s flagship Future Investment Initiative conference, is also working towards an IPO in 2026, along with district cooling firm Saudi Tabreed.
In addition, PIF is considering a sell-down of stakes in several already listed companies including Riyad Bank.
Saudi Agricultural and Livestock Investment Co., a PIF-controlled firm, is meanwhile mulling a sale of part of its 16% stake in dairy company Almarai. The fund transferred the stake in Almarai to SALIC in 2021.
No final decisions on any share offerings or sell-downs have been made, and the timing of any transactions will depend on market conditions, the people said.
Logo ofPublic Investment Fund (PIF)
The Public Investment Fund (PIF) is considering to offer a number of its subsidiaries this year, Semafor website reported, citing people familiar with the matter.
The sovereign fund earmarked as many as eight companies — including Arcelor Mittal Jubail, a metal pipes producer, events management company Sela, Saudi Global Ports, Alkhorayef Petroleum, and Cloudkitchens — for IPOs this year.
Richard Attias Associates, the organizer behind the Kingdom’s flagship Future Investment Initiative conference, is also working towards an IPO in 2026, along with district cooling firm Saudi Tabreed.
In addition, PIF is considering a sell-down of stakes in several already listed companies including Riyad Bank.
Saudi Agricultural and Livestock Investment Co., a PIF-controlled firm, is meanwhile mulling a sale of part of its 16% stake in dairy company Almarai. The fund transferred the stake in Almarai to SALIC in 2021.
No final decisions on any share offerings or sell-downs have been made, and the timing of any transactions will depend on market conditions, the people said.
