Saudi PIF explores new funding options as war strains finances
The sovereign wealth fund, which backs Riyadh Air, Lucid and NEOM, wants those businesses to grow without having to keep funding them itself
Mike Kemp/In Pictures via Getty Images
PIF advertising at Piccadilly Circus screens in London last year
Saudi Arabia’s Public Investment Fund is exploring new ways to finance its companies as the war puts pressure on the kingdom’s efforts to build an economy beyond oil.
The fund, whose investments include startup carrier Riyadh Air,...