Business
Saudi Arabia’s PIF Consortium Acquires EA for $55bn
In a landmark move for the global gaming and tech sectors, a consortium led by Saudi Arabia’s Public Investment Fund (PIF), along with US-based Silver Lake and Affinity Partners, has announced a historic $55 billion acquisition of Electronic Arts (EA), the publisher behind global franchises such as FIFA (now EA Sports FC), The Sims, and Apex Legends.
This marks the largest-ever all-cash leveraged buyout, and also one of the biggest M&A deals of 2025. The acquisition, structured as a take-private transaction, positions the PIF-led group at the heart of the interactive entertainment industry and reflects the Gulf’s growing ambitions in global tech and media assets.
Impact for GCC, global gaming
Under the agreement, the investor group will buy 100% of EA for $210 per share — a 25% premium on its recent stock price. Saudi Arabia’s PIF will roll over its existing 9.9% stake as part of the acquisition. The deal, expected to close in Q1 FY27, will see EA delisted from public markets and continue to operate privately under CEO Andrew Wilson from its California headquarters.
The acquisition provides a powerful launchpad for the consortium to expand influence across gaming, esports, and digital entertainment — industries where GCC nations, particularly Saudi Arabia and the UAE, are aggressively investing as part of their economic diversification strategies.
“PIF is uniquely positioned in global gaming and esports, connecting fans, developers, and IP creators,” said Turqi Alnowaiser, Deputy Governor and Head of International Investments at PIF. “This partnership will further drive EA’s long-term growth while fuelling innovation across the industry.”
Why this matters to the GCC
The Saudi PIF has been on a mission to build a globally competitive gaming and entertainment ecosystem. The EA acquisition — following previous high-profile investments such as the $4.9 billion purchase of mobile game developer Scopely (publisher of Monopoly Go!) via its gaming arm Savvy Games Group — cements PIF’s growing control over influential content platforms.
This also aligns with Vision 2030, which sees entertainment, sports, and tech as strategic pillars of Saudi Arabia’s future economy. The UAE, too, has shown interest in these sectors, with a number of Dubai and Abu Dhabi-based funds expanding their exposure to gaming and immersive technologies.
Why EA? Long-term revenue play
For the investor group, EA offers stable cash flow and a loyal user base anchored by annual best-sellers like Madden NFL and EA Sports FC. Going private will allow EA to focus on long-term product innovation without quarterly earnings pressures — a formula that aligns well with PIF’s patient capital strategy.
“Our creative teams have built some of the most iconic gaming experiences in the world,” said EA CEO Andrew Wilson. “With the support of our new partners, we are ready to unlock the next generation of entertainment.”
EA reported $7.5 billion in revenue in fiscal 2025 and had seen its share price climb 15% this year ahead of the deal, buoyed by early buzz around its upcoming Battlefield 6 title set for release in October.
Political, regulatory implications
The deal will be financed through $36 billion in equity and $20 billion in debt, with JP Morgan Chase leading the debt syndication. It also showcases renewed appetite for mega-deals under a business-friendly US regulatory climate, especially with the involvement of Affinity Partners — the private equity firm led by Jared Kushner, which has backing from Middle Eastern investors.
As with most cross-border deals involving sovereign capital, the acquisition will undergo regulatory reviews — though industry analysts expect a smooth clearance, given EA’s relatively non-sensitive consumer business.
What’s next for GCC gaming?
The deal signals a new chapter in the GCC’s evolving position not just as a consumer of content, but as a global investor and operator in digital entertainment. With more than $38 billion committed by Saudi Arabia to gaming alone — and the UAE stepping up its tech investments — this move could set a precedent for more blockbuster acquisitions led by regional funds.
Story by Gulf News
Business
FLYADEAL ADDS FIVE ROUTES FROM NEW MADINAH BASE
New Year Begins With Addition Of Istanbul And Four Domestic Services
40 Per Cent Rise In Weekly Flights Provides More Travel Options
Madinah, KINGDOM OF SAUDI ARABIA – flyadeal, Saudi Arabia’s fast-growing low-cost airline, has rung in the New Year in emphatic style launching five routes from Madinah, its newest operational base in the Kingdom.

The introduction of scheduled flights to Sabiha Gökçen in Istanbul and four domestic cities of Abha, Al Hofuf, Jazan and Tabuk, takes the number of flyadeal destinations from Madinah’s Prince Mohammad bin Abdulaziz International Airport up from three to eight. Until now, flyadeal had served Dammam, Riyadh and the Egyptian capital Cairo from the Holy city.
The capacity hike represents a 40 per cent increase in the number of flyadeal operated flights out of Madinah to 88 a week, giving customers greater travel options. Two aircraft are now permanently positioned at the airport, which joins flyadeal’s three other operational bases of Riyadh, Jeddah and Dammam.
To mark the expansion, airport officials joined flyadeal management led by Chief Commercial and Customer Officer Rogier van Enk, for a fanfare of engaging activities celebrating with passengers.
Steven Greenway, flyadeal Chief Executive Officer, said: “We’ve steadily built capacity from Madinah, but this expansion of five new routes at the beginning of the year is a statement of intent from flyadeal to develop Madinah into one of our key operational bases.

“Having aircraft positioned in Madinah gives us the flexibility to quickly upgrade with more frequencies or add routes to a schedule which will continue to be built up giving our customers more choices and convenience of direct flights to travel within the Kingdom and beyond. Madinah was a natural addition as a base given its prominence as the second holiest city in the Islamic world and key gateway for pilgrims.”
The expanded schedule supplements flyadeal’s dedicated year-round Umrah flights from several countries direct to Madinah, north of the Saudi port city of Jeddah.
Rogier van Enk, flyadeal Chief Commercial and Customer Officer, said: “The additional routes aim to cater to both outbound travel for holidaymakers and business travellers living and working in and around Madinah, while also attracting inbound pilgrimages. My commercial team and I look forward to continue working with the authorities at Prince Mohammad bin Abdulaziz International Airport to explore more opportunities building air travel connectivity in line with Saudi Vision 2030.”
flyadeal’s additional routes support an already high demand operation from Madinah. Daily Cairo flights are now being served 11 times a week; frequency on the Dammam route is up from 19 to 26 flights each week; and Riyadh maintains a five-times daily schedule.
The new domestic routes serve different parts of the Kingdom – southwest coastal city of Jazan; Tabuk in the northwest; Al Hofuf in the country’s Eastern Province; and Abha in the southwestern mountainous region of Aseer province.
Almost 60 per cent of flyadeal’s 44-strong narrowbody fleet of Airbus A320s is based at King Khalid International Airport in the Saudi capital Riyadh; 11 aircraft are positioned at King Abdulaziz International Airport in Jeddah; five at Dammam’s King Fahd International Airport; and now two in Madinah.
flyadeal’s growth strategy includes its fleet topping 100 aircraft by 2030 and network more than tripling to over 100 destinations within five years.
Tickets for the new Madinah routes are on sale, bookable via flyadeal’s Mobile App, website www.flyadeal.com and through travel agents.
About flyadeal
On 23 September 2017, National Day of the Kingdom of Saudi Arabia, flyadeal began operations with its historic maiden flight from Jeddah to Riyadh. A pioneer and innovator, flyadeal was the first regional low-cost airline to be launched only across digital distribution channels. Being the sister airline of full-service national carrier Saudia — both under the umbrella ownership of Saudi Arabian Airlines Corporation (Saudia Group) — flyadeal was created for the price-conscious and tech-savvy consumer in mind in a market where 80 per cent of the Saudi population is aged less than 40 years and has at least two mobile phones.
flyadeal aims to stimulate travel, tourism and trade with its affordable, value for money everyday fares catering to leisure, religious, family and business travellers. Simplicity is key with an all-Economy Class cabin across flyadeal’s narrowbody fleet. With the Kingdom undergoing dramatic transformation through its Vision 2030 economic diversification drive, aviation and tourism are among the many sectors earmarked for dynamic growth. flyadeal is the fastest growing airline in the Kingdom of Saudi Arabia and Middle East, recognised for excellence in on-time performance that is consistently above the global industry average.
flyadeal operates a young fleet of Airbus A320s flying from bases in Riyadh, Jeddah, Dammam and Madinah to destinations across Saudi Arabia with a growing international footprint in Europe, Middle East, North Africa and South Asia. The airline has flown over 40 million passengers since its inaugural flight. In May 2024, flyadeal placed its biggest ever order for 51 aircraft – 12 A320neos and 39 larger A321neos – with a delivery schedule beginning in 2027. In addition, flyadeal will operate long-haul scheduled services from 2027 with the phased induction of 10 Airbus A330neo widebody aircraft ordered by Saudia Group in April 2025.
By 2030, flyadeal plans to operate hundreds of routes that will see its fleet more than double and network increase three-fold to over 100 aircraft and destinations, respectively. flyadeal’s aggressive expansion drive makes the rapidly growing airline one of the country’s most desirable companies to work for.
Business
MIDAD REAL ESTATE AND DIRIYAH COMPANY TO CO-DEVELOP LUXURY $827 MILLION FOUR SEASONS HOTEL AND PRIVATE RESIDENCES IN DIRIYAH
The $827 million investment and development agreement marks a significant collaboration, strengthening Midad’s expanding Four Seasons portfolio and luxury development pipeline.
Riyadh, Saudi Arabia, 7 January 2026: Midad Real Estate has signed a strategic investment and development agreement with Diriyah Company to co-develop Four Seasons Hotel and Private Residences Diriyah on a 235,938-square-meter site in Diriyah, the City of Earth and the Kingdom’s historic and cultural landmark. The signing ceremony was attended by His Excellency Ahmed Al Khateeb, Minister of Tourism for Saudi Arabia, Jerry Inzerillo, Group CEO Diriyah Company, Abdulelah bin Mohammed Al Aiban, President of Midad Real Estate, and a number of executives.
The USD 827 million (SAR 3.1 billion) investment, covering land and construction, underscores Midad’s expertise in luxury hospitality and residential development and its commitment to Vision 2030, driving tourism, investment, job creation, and sustainable economic impact.
Midad Real Estate will lead the development, featuring a 159-room luxury Four Seasons Hotel and private residences, combining world-class service and design to set new standards for luxury hospitality in the Kingdom.
His Excellency Ahmed Al Khateeb, Minister of Tourism for Saudi Arabia and Secretary General of Diriyah Company, said: “Saudi Arabia continues to set new benchmarks in destination development, and Diriyah stands at the forefront of this evolution. Partnerships such as this enhance the Kingdom’s global tourism offering and reinforce our position as a leading destination.”
“This project represents a milestone for Midad, allowing us to bring the Four Seasons experience to one of Saudi Arabia’s most significant heritage destinations. We are excited to deliver a development that exemplifies design excellence, world-class service, and enduring value, while actively contributing to the Kingdom’s tourism, cultural, and economic ambitions.” said Abdulelah bin Mohammed Al Aiban, President of Midad Real Estate.
Jerry Inzerillo, Group CEO Diriyah Company, commented: “The Four Seasons Hotel Diriyah will be one of our largest luxury hotels and we are proud to announce this joint development agreement with Midad, one of the Kingdom’s leading real estate developers. This agreement reflects our ongoing commitment to enabling Saudi partners to participate in Diriyah’s transformational journey and underscores Midad’s confidence in the opportunities the project presents.”
Part of nearly 40 luxury hotels across Diriyah’s masterplans, the highly anticipated project reinforces Midad Real Estate’s expertise in high-end, transformative hospitality and residential developments, shaping the Kingdom’s luxury real estate landscape.
Business
Saudia ranks second globally in on-time arrival performance for 2025
Jeddah: Saudia, the national flag carrier of Saudi Arabia, ranked second globally in on-time arrival performance for 2025, according to the independent aviation tracking site Cirium. This marks the second consecutive year that Saudia has achieved this global ranking, recording an on-time arrival rate of 86.53 percent across a total of 202.8 thousand flights operated across its network, which covers more than 100 destinations across four continents.
H.E. Engr. Ibrahim Al-Omar, Director General of Saudia Group, said: “This achievement reflects the collective efforts of our teams across planning, operations, and flight management. Operational efficiency remains a core pillar of Saudia’s strategic plan and is directly linked to the guest experience, with time being a critical element at every stage of the journey. Our ability to deliver on this is enabled by strong integration among Saudia Group companies, alongside close coordination with key partners in the Kingdom’s aviation sector”.
With 116 new aircraft scheduled for delivery over the coming years, joining Saudia’s current fleet of 149 aircraft, the airline continues to enhance its operational capacity through increased flight frequencies and seat capacity across existing destinations, alongside the launch of new international routes. These efforts are supported by a qualified national workforce and the advanced capabilities of Saudia’s operations building, which oversees flight operations using the latest technologies in the air transport industry.
Saudia’s operational performance aligns with its ongoing efforts to bring the world to the Kingdom by transporting guests and supporting major events hosted across Saudi Arabia, including international forums as well as tourism, entertainment, and sports events. On-time performance remains a key contributor to enhancing the guest experience, complementing the high-quality services and products delivered across both ground and inflight touchpoints.
About Saudia:
Saudia (Saudia Airlines) is the national flag carrier of the Kingdom of Saudi Arabia. Established in 1945, the company has grown to become one of the Middle East’s largest airlines.
Saudia has invested significantly in upgrading its aircraft and currently operates one of the youngest fleet with 149 aircraft. The airline serves an extensive global route network covering around 100 destinations across four continents, including all 26 domestic airports in Saudi Arabia.
A member of the International Air Transport Association (IATA) and the Arab Air Carriers Organization (AACO), Saudia has also been a member airline in SkyTeam, the second largest alliance, since 2012.
Saudia was recently named “Best Airline Staff Service” for 2025 by Skytrax and ranked 17th in the global airline rankings. In addition, Saudia ranked first globally for on-time performance (OTP), according to Cirium. Saudia recognized at the APEX World Class 2026 Awards, receiving the “World Class Airline” title for the fifth consecutive year and the “Best in Class: Service–Guest Experience” award for the second consecutive year.
For more information on Saudia, please visit www.saudia.com
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