Search results for Public Investment Fund
Crypto
Saudi-linked bank keeps Strategy stake, maintains indirect bitcoin exposure
Gulf International Bank (GIB) UK, linked to the Saudi Arabian government, maintained its holding of 19,842 shares in Strategy, keeping indirect exposure to bitcoin, a report said. A U.S. SEC Form 13F filing showed the stake was worth about $3.04 million at the end of September, and is valued at about $2.9 million at current market levels. The bank did not adjust holdings in the third quarter of 2026.
Mobility
Saudi Arabia moves to build auto industry, unveils 1,111-hp Exobot EV
Saudi Arabia is moving to foster its auto industry through Ceer, its first domestic full-vehicle maker. Ceer unveiled two electric models, the Exobot sedan and SUV, positioning them as part of Vision 2030. The company plans to expand its lineup to seven models by 2030, including hybrids. It is focusing first on the GCC while developing vehicles for fast certification in Europe and North America. Ceer highlighted performance, digital features and local production plans near Jeddah.
AI & Enterprise
Rainer to build AI full-stack alliance with Rebellions to target global market
Global AI agent startup Rainer said on Thursday it will pursue an AI full-stack solution business with Rebellions by combining AI agent technology with neural processing unit (NPU)-based infrastructure. The companies also participate in an SK Telecom consortium tied to a government-led project to develop a homegrown AI foundation model. They will seek to cut service operating costs and offer solutions addressing data sovereignty and security needs, while expanding joint business in global markets.