Elm said it would fund the transaction through its own resources and facilities. PIF, as the Saudi fund is known, owns a 67% stake in Elm after it sold shares in the company to the public in 2022.

Saudi Arabia’s sovereign wealth fund is selling a technology services firm for 3.4 billion riyals ($907 million), boosting its coffers as it prepares to ramp up local spending. The Public ...

When the Premier League’s lawyers finally approved PIF’s takeover of Newcastle United, it marked the start of a new era not just on Tyneside but in world football. Since establishing their enclave of ...