Saudi PIF to sell 10% of its stake in Saudi Tadawul Group

RIYADH: Saudi Arabia's Public Investment Fund plans to sell 10 percent of its stake in the Kingdom's stock exchange operator Saudi Tadawul Group Holding Co. through an accelerated book-building offering. PIF, which has over $600 billion in assets, is selling 12 million shares in Tadawul Group, according to a bourse filing. The offering is in line with PIF’s strategy of

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