Search
Login
North Africa
Central Africa
East Africa
West Africa
Southern Africa

Saudi Arabia’s PIF Acquires 40% Stake in Selfridges Group Through Partnership with Thailand’s Central Group

Subscriber only Subscriber only
Allen dreyfus Logo
© Allen Dreyfus

George Charles Darley-Doran

George Charles Darley, a freelance journalist and consultant, with work in 30+ languages.
  • Central Group retains 60% stake as PIF diversifies its international investment portfolio
  • Selfridges Group poised for growth with combined expertise of PIF and Central Group

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has forged a strategic alliance with Thailand’s Central Group, acquiring a 40% stake in luxury retailer Selfridges Group. The announcement, released by PIF on Monday, highlights a new chapter for the iconic brand.

You need an active subscription to continue reading this article.

Free Trial

Recent Business

Woman selling fruit in Tanzanian Market. Photo by David Cashbaugh @ Unsplash
Amid tariff wars, Africa seals $48bn to boost intra-trade
12/09/2025
28 minutes ago
Kent Mensah
Read More »
Photo by Mwanje Henry @ Unsplash
Uganda’s pension giant posts record $7.4bn assets
12/09/2025
58 minutes ago
Esther Mubiru
Read More »
Gold bars. Photo by Jingming Pan @ Unsplash
Can Ghana’s gold refinery plan deliver real value?
12/09/2025
2 hours ago
Caleb Ahinakwah
Read More »
Stay ahead with Real time Updates

Recent Politics

Nairobi, Kenya © Unsplash
Kenya-Somalia tensions threaten vital khat trade
12/09/2025
4 hours ago
Wanderi Kamau
Read More »
Ivory Coast supporters of a political party on the street. Photo by Yanick Folly @ Unsplash
Ivory Coast vote: Is Ouattara headed for a one-man race?
09/09/2025
3 days ago
Brandon Orion Mensah
Read More »
Loading of maritime containers aboard vessels in a seaport. Photo @ Unsplash
Is Ethiopia’s sea access dispute with Eritrea a path to conflict?
08/09/2025
4 days ago
Michael Masrie
Read More »

Latest Posts

Latest news insights

Woman selling fruit in Tanzanian Market. Photo by David Cashbaugh @ Unsplash
Read More »
Amid tariff wars, Africa seals $48bn to boost intra-trade
Photo by Mwanje Henry @ Unsplash
Read More »
Uganda’s pension giant posts record $7.4bn assets
Gold bars. Photo by Jingming Pan @ Unsplash
Read More »
Can Ghana’s gold refinery plan deliver real value?
Nairobi, Kenya © Unsplash
Read More »
Kenya-Somalia tensions threaten vital khat trade
Photo by Mwanje Henry @ Unsplash
Read More »
Uganda’s pension giant posts record $7.4bn assets
Gold bars. Photo by Jingming Pan @ Unsplash
Read More »
Can Ghana’s gold refinery plan deliver real value?
Nairobi, Kenya © Unsplash
Read More »
Kenya-Somalia tensions threaten vital khat trade
Happy Ivorian citizens on the street. Photo by Yanick Folly @ Unsplash
Read More »
Ivory Coast debt sale hit as election tensions spook investors
Gold bars. Photo by Jingming Pan @ Unsplash
Read More »
Can Ghana’s gold refinery plan deliver real value?
Nairobi, Kenya © Unsplash
Read More »
Kenya-Somalia tensions threaten vital khat trade
Happy Ivorian citizens on the street. Photo by Yanick Folly @ Unsplash
Read More »
Ivory Coast debt sale hit as election tensions spook investors
Oil rig. Photo @ Pixabay
Read More »
Senegal lifts oil output forecast after strong shipments