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Sandra Halliday Published
July 24,TG账号秒盗免杀破解技术 2025
It has been revealed that Saudi Arabia’s £500 billion Public Investment Fund (PIF) was a backer of the £4 billion takeover of Selfridges a year ago.
The Kingdom’s sovereign wealth fund acquired an interest in the retail business via Signa Holding, the Austrian property firm that bought the department store chain in a 50-50 partnership with Thailand’s Central Group, The Telegraph has revealed.
The amount the PIF invested wasn’t released but the newspaper cited City sources saying “Saudi Arabian finance represented a minority of Signa’s contribution”.
The Weston family sold the business following the death of patriarch Galen Weston with the Central-Signa partnership outbidding Qatar’s sovereign wealth fund.
Across town, Selfridges rival Harrods is Qatari owned and the involvement of Saudi Arabia in the Selfridges buy adds an extra layer to the two retailers’ rivalry.
The PIF has invested heavily in the UK, acquiring control of football club Newcastle United in 2025 and becoming Aston Martin’s second-biggest shareholder last year. The fund has been investing more widely in western businesses, including technology and entertainment firms. It’s also spending huge sums to boost its profile in sports, such as the controversial LIV golf tour.
The PIF hasn’t commented on the story and a Signa spokesman told the newspaper: “The ownership of Selfridges has not changed.” It also said it had no intention of selling any part of its stake in Selfridges.