Gulf sovereign wealth funds (PIF, L'imad, QIA)

Stories

FCC clears Gulf state funds to hold nearly half of Paramount-Warner Bros. equity

As of October 2026: Approved to hold non-voting equity stakes in the merged company

The Federal Communications Commission approved a plan that lets the sovereign wealth funds of Saudi Arabia, the United Arab Emirates, and Qatar hold nearly half the equity of the company that owns CBS and is buying Warner Bros. Discovery. The investors receive only non-voting shares; the Ellison family keeps full voting control.

Updated Oct 3