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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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KSA Business: PIF signs share subscription deal with Alkhorayef Petroleum

Saudi sovereign wealth fund PIF (Public Investment Fund) has

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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.

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KSrelief team meets UNRWA official in Arish, Egypt

A team of King Salman Humanitarian Aid and Relief Center (KSrelief) met Hanan Shukri, director of the Central Support Services Department at the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) in the Arish area in the North Sinai Governorate of Egypt on Sunday.

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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.

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