Financial filings from LIV Golf's United Kingdom arm showed that revenues increased in 2023, the league's first full season, but losses are "piling up at a staggering rate," which has led the PIF ...

Julio Cesar Valdera Morales is a Newsweek contributor based in Spain. His focus is golf as well as politics and economics. Julio has been with Newsweek since February, 2025 and previously ...

Elm signed a cash-based share purchase agreement with sovereign wealth fund PIF to acquire Thiqah following discussions that started in 2023, it said in a bourse statement. The company offers ...

The 25-year-old LPGA player returns to the Middle East this week as one of the favourites taking part in the PIF Saudi Ladies International from February 13-15 at Riyadh Golf Club, approaching the ...

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 Public Investment Fund (PIF) said on Wednesday that it is selling business services firm Thiqah to Elm for $907m (SAR3.4bn) as the wealth fund seeks to boost its coffers to ramp ...