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PIF boosts Saudi oil industry with investment in Alkhorayef Petroleum

PIF boosts Saudi oil industry with investment in Alkhorayef Petroleum
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Ar riyaSaudi arabiaUnited statesMuhammad al dawoodSaad alkhorayefAlkhorayef groupGulf cooperation councilPublic investment fundAlkhorayef petroleumMiddle eastLatin america

KSA Business: PIF signs share subscription deal with Alkhorayef Petroleum

Saudi sovereign wealth fund PIF (Public Investment Fund) has

United statesSaudi arabiaMuhammad aldawoodSaad alkhorayefAlkhorayef groupPublic investment fundTradearabia news serviceAlkhorayef petroleumMena investmentsMiddle eastLatin americaTradearabia newsEastern provinceAl qassimAl bahahAl jowf

PIF Signs Agreement to Invest in Alkhorayef Petroleum

Saudi Arabia’s Public Investment Fund (PIF) announced on Monday the signing of a share subscription agreement to invest in Alkhorayef Petroleum, from Alkhorayef Group, by way of a capital increase and subscription to new shares amounting to a 25% shareholding in the company. Alkhorayef Group, the parent company and current shareholder of Alkhorayef Petroleum, will retain a 75% stake.

Saudi arabiaUnited statesMohammad aldawoodAlkhorayef petroleumAlkhorayef group saadAlkhorayef groupGulf cooperation councilSaudi arabia public investment fundPublic investment fundMiddle eastLatin america

PIF signs share subscription deal with Alkhorayef Petroleum

Saudi wealth fund PIF (Public Investment Fund) has announced the signing of a share subscription deal with leading oil and gas systems manufacturer Alkhorayef Petroleum. It involves a capital hike as well as PIF snapping up a 25% stake in the company.

United statesAr riyaSaudi arabiaSaad alkhorayefMuhammad aldawoodAlkhorayef groupAlkhorayef petroleumPublic investment fundTradearabia news serviceMena investmentsMiddle eastLatin americaTradearabia newsRade arabiaIddle east trade newsCc business news

PIF signs share subscription deal with Alkhorayef Petroleum

Saudi wealth fund PIF (Public Investment Fund) has announced the signing of a share subscription deal with leading oil and gas systems manufacturer Alkhorayef Petroleum. It involves a capital hike as well as PIF snapping up a 25% stake in the company.

Saudi arabiaUnited statesAr riyaMuhammad aldawoodSaad alkhorayefAlkhorayef petroleumAlkhorayef groupPublic investment fundTradearabia news serviceMena investmentsMiddle eastLatin americaTradearabia news

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