Latest news with #FahadAlSaif
Arab News
28-06-2025
- Business
- Arab News
PIF establishes its first commercial paper program
Saudi Arabia's Public Investment Fund has announced the establishment of its commercial paper program, adding a new source of funding to its existing instruments. The program, which allows CP issuance through offshore special purpose vehicles, comprises two sub-programs, a US CP program and a Euro CP program. The program is rated P-1 by Moody's and F1+ by Fitch, the highest possible ratings for such an initiative. CP issuances enhance PIF's short-term financing flexibility and complement its long-term capital raising efforts. CP is a common cash management tool in global financial markets, and the establishment of this program by PIF reflects its agile capital raising strategy. Fahad AlSaif, PIF's head of global capital finance and investment strategy and economic insights, said: 'The establishment of our CP program reflects the continued strength and depth of PIF's capital raising strategy, one that is dynamic, resilient, and fit for purpose, aligning funding solutions with our long-term investment priorities.' PIF's medium-term capital-raising strategy is built on diversified funding solutions that include a range of instruments, such as bonds, sukuk and loans. In October 2022, PIF became the first sovereign wealth fund globally to issue a green bond including the world's first century green bond. This was later followed by PIF's inaugural sukuk issuance priced at $3.5 billion. PIF is rated Aa3 by Moody's with a stable outlook, and A+ by Fitch, also with a stable outlook. PIF is one of the world's most impactful investors, enabling the creation of key sectors and opportunities that help shape the global economy, while driving the economic transformation of Saudi Arabia.
Gulf Business
24-06-2025
- Business
- Gulf Business
Saudi's PIF launches commercial paper programme to diversify funding sources
Image: PIF Saudi Arabia's Public Investment Fund ( According to a statement from the sovereign wealth fund, the new program consists of two sub-programmes: a US commercial paper programme and a Euro commercial paper programe, issued through offshore special purpose vehicles. It has secured the highest possible ratings for commercial paper initiatives — P-1 from Moody's and F1+ from Fitch. The CP programme is designed to enhance PIF's short-term liquidity and cash management flexibility, supporting its dynamic approach to capital raising. 'The establishment of our CP programme reflects the continued strength and depth of PIF's capital-raising strategy; one that is dynamic, resilient, and fit for purpose, aligning funding solutions with our long-term investment priorities,' said Fahad Al-Saif, head of PIF's Global Capital Finance and Investment Strategy and Economic Insights. Programme part of PIF's mid-term strategy The launch marks the latest step in PIF's medium-term capital-raising strategy, which includes a diversified mix of bonds, sukuk and loans. In October 2022, the fund became the first sovereign wealth fund globally to issue a green bond, which included the world's first century green bond. That milestone was followed by its inaugural sukuk issuance, raising $3.5bn. PIF holds a long-term issuer rating of Aa3 with a stable outlook from Moody's, and an A+ rating, also with a stable outlook, from Fitch. Recognised as one of the world's most influential institutional investors, PIF plays a central role in enabling the creation of new sectors and economic opportunities globally while driving the transformation of Saudi Arabia's economy, the fund said in the statement. Read-
Asharq Al-Awsat
24-06-2025
- Business
- Asharq Al-Awsat
Saudi Sovereign Wealth Fund Launches First Global Commercial Paper Program
The Public Investment Fund (PIF), Saudi Arabia's sovereign wealth fund, has launched its first-ever global commercial paper program, marking a significant step in strengthening its short-term financing capabilities and expanding its reach in international capital markets. According to an official statement, the program allows for the issuance of commercial paper through Special Purpose Vehicles (SPVs). It consists of two sub-programs: one for the US market and another for the European market. The program has already earned top credit ratings: Moody's assigned it a Prime-1 (P-1) rating, the highest short-term grade, while Fitch Ratings awarded an F1+ rating, also its highest for short-term instruments. Fahad AlSaif, Head of Global Capital Finance and Head of Investment Strategy at PIF, said the launch aligns with the Fund's broader financing strategy. 'This program reflects our flexible and effective approach to funding, designed to support our long-term investment priorities,' he noted. Commercial paper is widely used in global financial markets as a tool for short-term liquidity management. PIF's program is expected to enhance its agility in managing cash flow while complementing its long-term funding plans. Mohammed Al-Farraj, Head of Asset Management at Arbah Capital, told Asharq Al-Awsat that the initiative highlights PIF's commitment to robust liquidity management and its ambition to lead both domestically and internationally. He called the move a 'strategic addition' to PIF's funding ecosystem, noting that the strong credit ratings will allow the Fund to secure financing at competitive rates, positioning it to capitalize on key investment opportunities without being overly exposed to short-term market volatility or interest rate risks. Al-Farraj added that the launch supports PIF's strategy to diversify its funding sources and balance short-term needs with long-term goals. He pointed out that it will help drive major projects in critical sectors such as renewable energy, future industries, and advanced technology - key pillars of Saudi Arabia's Vision 2030. He also emphasized the program's role in strengthening Saudi Arabia's standing as a global financial hub and increasing its appeal to international investors. The initiative follows PIF's broader financing roadmap, which includes issuing green bonds - such as its landmark $3.5 billion sukuk offering - and reflects its continued pursuit of innovative, sustainable funding solutions to fuel the Kingdom's economic transformation.
Zawya
24-06-2025
- Business
- Zawya
Saudi's PIF to issue notes through CP programme to boost financing
Saudi Arabia's sovereign wealth fund, the Public Investment Fund (PIF), is poised to issue notes through its first commercial paper (CP) programme, a move designed to diversify its funding sources. The program, which enables CP issuance via offshore special purpose vehicles, includes both US and Euro CP sub-programs. It has secured the highest possible short-term credit ratings: P-1 from Moody's and F1+ from Fitch. The CP issuance is expected to boost the sovereign wealth fund's short-term financing flexibility, PIF said on Monday, noting that it is a common cash management tool in global financial markets. 'The establishment of our CP programme reflects the continued strength and depth of PIF's capital raising strategy; one that is dynamic, resilient and fit for purpose, aligning funding solutions with our long-term investment priorities,' said Fahad AlSaif, PIF's Head of Global Capital Finance and Investment Strategy and Economic Insights. (Writing by Cleofe Maceda; editing by Seban Scaria)
Zawya
24-06-2025
- Business
- Zawya
AviLease orders up to 77 Airbus A320neo, A350F aircraft
AviLease, the global aircraft lessor headquartered in Saudi Arabia, has announced a strategic order for up to 77 aircraft from Airbus. The order includes up to 55 A320neo Family and 22 A350F aircraft with deliveries scheduled through 2033. This strategic investment equips AviLease, to deliver newest generation, fuel‑efficient fleet solutions to its global customer base – in passenger and cargo segments – while contributing to the expansion of Saudi Arabia's aviation ecosystem. The agreement was signed during the first hours of the Paris Air Show by Edward O'Byrne, AviLease's CEO, and Benoît de Saint-Exupéry, EVP Sales of Airbus Commercial Aircraft, in the presence of Saleh bin Nasser Al-Jasser, Minister of Transport and Logistics, Abdulaziz bin Abdullah Al-Duailej, President of the General Authority of Civil Aviation (GACA), Yazeed bin Abdulrahman Al-Humied, Deputy Governor and Head of MENA Investments, Public Investment Fund (PIF), Fahad bin Abdulrahman Al-Saif, Head of the Global Capital Finance Division, Public Investment Fund (PIF), and Chairman of AviLease. Fahad AlSaif, Chairman of AviLease, said: "In less than two months, AviLease has signed two major deals, reflecting its long-term ambition to become a top 10 global player in aircraft leasing and to strengthen its position as a national champion. These milestones align with the Public Investment Fund's mandate to support the goals of Saudi Arabia's Vision 2030 and the National Aviation Strategy." 'We are proud to establish an Airbus order book, strengthening our position as a full-service, investment grade global lessor. The addition of these latest generation aircraft enhances our ability to offer modern, fuel-efficient fleet solutions to our airline partners in Saudi Arabia and around the world,' said Edward O'Byrne, CEO of AviLease. 'Our selection of the A350F is the result of close collaboration with stakeholders across the Saudi Arabian aviation ecosystem. Backed by strong local partnerships and demand aligned with Saudi Vision 2030 targets, AviLease was able to support the future growth of air cargo traffic in the Kingdom through securing the necessary aircraft delivery slots. We thank our local partners and Airbus for the strong long-term partnership we have established and look forward to placing these aircraft across our valued customer base.' Benoît de Saint-Exupéry, Airbus EVP Sales of the Commercial Aircraft business, said: "We are delighted to welcome AviLease as Airbus' latest customer with this significant order for the all new A350F and leading A320neo Family. The A350F will set the benchmark in air cargo, offering at least 20% reduced fuel burn, better loading capacity and increased range, while the A320neo Family continues to be the world's most popular single-aisle aircraft. This dual order reinforces AviLease's credentials as a leading lessor, and it demonstrates the broad appeal of our products among lessors and their airline customers." Last month, AviLease announced an order for 30 Boeing 737 MAX aircraft, adding to the existing portfolio of 200 aircraft on lease to 48 airlines globally, as at 31 March 2025. -TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
