The upside potential of this spac compared to the downside is way to good, Interesting that CCIV saw spikes in Google searches in Saudi Arabia in December . The stock market capitalisation of listed companies in Saudi Arabia was valued at $646 billion in 2005 by the World Bank. EXECUTIVE SUMMARY Saudi Arabia has two stock exchanges, the Tadawul and The Saudi Parallel Market (Nomu) whose financial markets are regulated by the Capital Market Authority. The head of international investments for that fund… He once mentioned the “Call of Duty” series as a favorite hobby. Nominations are now OPEN for the 2021 Rising 25 Award, How Monster Beverage Became a Monster Company, NBCU’s Snap and Peloton Investments Become Cautionary Tales, Sports Collector to Sell Shares of His More Than Million-Piece Collection, 14.9 million Activision Blizzard shares worth $1.4 billion, 7.4 million Electronic Arts shares worth $1.1 billion, 3.9 million Take-Two Interactive shares worth $826 million. Voice of Customer 6. Yasir Al Rumayyan, governor of the sovereign wealth fund, has said that the nation missed out on investing in American stock at a bargain during the 2008 financial crisis, and doesn’t want to miss a similar opportunity during the COVID-19 pandemic. The Saudi Public Investment Fund helped finance the Sadara deal. GameStop had another dizzying turn in the news, as its CFO was pushed out and its stock price more than doubled. TLDR: Both Klein and Liveris been involved in Dow Chemical, Citigroup, PIF and now LUCID. Market Size & Forecast 6.1.1. … Do you pretty much go all in near nav when u find one you like, or just have a lot of money And spread it between different stocks/SPACs? Fund NAV Currency YTD Return Date; Al Nafees Global Commodities Equity Fund: 1,589,904.00: USD: 13.10 %: 01/03/2021: HSBC Saudi Construction and Cement Companies Equity Fund Edit: Positions 2668 shares at $13.90 and holding through merger once confirmed. Can still see it not go through.. When Klein left Citigroup in 2008, he continued to cultivate Liveris. Since the start of the fourth quarter, shares of Activision Blizzard, which publishes “Call of Duty,” are up about 27%. Cant go tits up, feb? During the fourth quarter of 2020, the Public Investment Fund of Saudi Arabia — headed by Prince Mohammed — acquired $3.3 billion worth of stock in three of the biggest video game companies in the world. The value of its fund’s U.S. holdings rose to $12.8 billion in the fourth quarter from $7 billion a quarter prior. https://www.reuters.com/article/us-dow-m-a-klein/dow-ceo-rewards-former-citi-banker-klein-with-130-billion-deal-prize-idUKKBN0TU2UF20151211, - Saudi fund (PIF)is said to work with Klein, Evercore on global investment strategy, https://www.arabianbusiness.com/industries/banking-finance/382978-saudi-fund-is-said-to-work-with-klein-evercore-on-global-investment-strategy. https://www.lucidmotors.com/company/board-of-directors/andrew-liveris/, https://iv.churchillcapitalcorp.com/operating-partners/, https://www.plasteurope.com/news/SAUDI_ARABIA_t240595/, - Dow CEO (Andrew Liveris) rewards former Citi banker Michael Klein with $130 billion deal prize, https://www.reuters.com/article/uk-dow-m-a-klein/dow-ceo-rewards-former-citi-banker-klein-with-130-billion-deal-prize-idUKKBN0TU2UH20151211. https://www.reuters.com/article/us-klein-m-a/wall-street-rainmaker-michael-klein-no-longer-a-one-man-show-idUKKCN0UR24920160113. Special Purpose Acquisition Companies (SPACS), Units, Warrants and the best DD on Reddit. I am telling you it is going to happen. NBC Universal invested hundreds of millions in Snap and Peloton, later selling off those stakes for $2.7 billion less than current value. That’s the same fund that put $1.3 billion into Lucid. Each weekday, we help influential business leaders make sense of the $614 billion business of sports. government offcials have not denied it, usually they warn people not to fall into rumors to avoid baby crying retail investors. Impact of COVID-19 on Saudi Arabia Bus Market 4. Now, he’s investing in the industry. But im ready to lose about $700 :). LUCID is 50-67% (not sure exactly) owned by Saudi's PIF. - Michael Klein Citigroup Inc executive Michael Klein was the lead adviser to Dow Chemical Co (*******Dow CEO was Andrew Liveris) on its $130 billion merger with DuPont. Saudi Arabia’s sovereign wealth fund has invested more than $1 billion in the company. 14.9 million Activision Blizzard shares worth $1.4 … That’s the same fund that put $1.3 billion into Lucid. There he got to work with Michael Klein, a member of Citigroup’s management committee. Guys, this is happening! This is the way. https://www.finews.asia/people/30652-michael-klein-the-middle-east-expert-at-credit-suisse-asia. “You don’t want to waste a crisis. The Public Investment Fund of Saudi Arabia has acquired over $3 billion worth of stocks in the video game industry. There are way too many connections here between Michael Klein and Andrew Liveris. All in at 17.4. - Andrew Liveris spent six years on Citigroup’s board of directors. “Madden” publisher Electronic Arts’ shares have climbed nearly 12%, and shares of Take-Two — publisher of “NBA 2K” and “Grand Theft Auto” — have increased by around 18%. how high do you see this going on announcement, i feel its a pretty big deal. Key takeaways below with sources. The $400 billion sovereign wealth fund wants to increase the worth of all the assets it manages to over $1 trillion by the end of 2025. Joel Platt, who owns more than a million sports memorabilia items — all locked in a high-security vault in Florida — has gone public. Created in 2008, Air Liquide in Saudi Arabia has a team of over 400 employees working to supply industrial customers in a wide variety of markets (oil & gas, metal fabrication, electronics, food and beverage) and also the healthcare sector. Investment. Prince Mohammed of Saudi Arabia has described himself as part of the country’s first generation of gamers. 3. Saudi Arabia's Crown Prince and de facto ruler Mohammed bin Salman has put Public Investment Fund (PIF), Saudi Arabia's main sovereign wealth fund, at … Executive Summary 5. and focused its efforts on using institutions like the Public investment Fund (PiF) to attract foreign investment, so far without great success. Not anymore! 10000 shares at 11.50. watching this one with no stress. So for us, definitely we are looking into any opportunities,” Al Rumayyan told finance professionals at a virtual conference last April. Latest News: Get all the latest India news, ipo, bse, business news, commodity, sensex nifty, politics news with ease and comfort any time anywhere only on Moneycontrol. The investment is part of a bigger plan to help alleviate Saudi Arabia’s reliance on oil. The company was founded in 2007 under the name Atieva and spent years being more focused on battery technology than pursuing development of a luxury car. Looks like you're using new Reddit on an old browser. Monster Beverage has grown massively over the last two decades, and reported record net sales of $1.2 billion in its most recent quarter. - Andrew Liveris (*******who is Chairman of the Lucid Board of Directors AND Operating Partner on CCIV board) named special adviser to Saudi Arabia’s Public Investment Fund (PIF), a position in which he is expected to guide the sovereign fund’s hand on strategic investments and help fulfill Mohammed bin Salman’s “Vision 2030” that would diversify the economy away from oil. This is going down. It appears to have played a role in purchasing the aircraft that ferried Khashoggi's killers to … - Michael Klein important adviser to the Saudi Arabian Public Investment Fund (PIF). moreover, Saudi wants to have a factory of Lucid in Saudi Arabia as announced by PIF head and guess who has the experience to start a joint venture or establish a giga factory? If you go down im coming with you. ", https://www.reuters.com/article/us-saudi-pif/saudi-sovereign-fund-appoints-ex-ceo-of-dow-chemical-as-special-adviser-idUSKCN1LI0BF, in 2018 also Saudi announced Lucid investment, https://www.reuters.com/article/us-saudi-investment-auto/saudis-pif-invests-more-than-1-billion-in-lucid-motors-idUSKCN1LX1IG, I am going all in tomorrow with calls. Saudi Arabia Bus Market Outlook 6.1. The Saudi sovereign wealth fund, known as the Public Investment Fund, is chaired by MBS. During the fourth quarter of 2020, the Public Investment Fund of Saudi Arabia — headed by Prince Mohammed — acquired $3.3 billion worth of stock in three of the biggest video game companies in the world. EDIT: I forgot to mention Andrew is part of PIF in 2018, " highest-profile appointment of any global manufacturing executive. I'm the the same situation and bought at around the same 130 shares. They are BOTH involved in Saudi Arabia's PIF and now there is a direct Lucid connection here. Our website uses cookies to improve user experience. The Saudi Public Investment Fund helped finance the Sadara deal. Saudi Arabia’s oil giant, state-held Aramco, could think about selling more of its shares under the right market conditions, the governor of the Kingdom’s Public Investment Fund … , Bought 100 shares at $17.36, before I read this I was a bit scared. The connections are there. Press question mark to learn the rest of the keyboard shortcuts. The site may not work properly if you don't, If you do not update your browser, we suggest you visit, Press J to jump to the feed. In recent years, the Saudi kingdom has poured billions into American companies like Uber, Disney, Carnival, Live Nation, Citigroup, Facebook and more. Hey guys, I have not seen details about this posted anywhere in this sub so I thought I would share some DD. The investment also represents an evolving Saudi culture that has taken an interest in video games. Ya man either this happens or I’m going down with the ship. Saudi Arabia now faces another economic crisis, only six years after the 2014 oil price collapse, and it may feel the need to reevaluate some of its Vision 2030 programs. Buy shares.and take back ratios for credit. yes Andrew Liveris who is part of the two companies he helped establish a joint venture between Aramco and Dow Chemicals years ago resulted in a big company called Sadara.