Saudi Arabia’s sovereign wealth fund PIF is in talks with four of the kingdom s major construction firms - Nesma Holding, El Seif Group, Almabani General Contractors and Albawani - to acquire a minority stake in them or their subsidiaries, said a report.
Saudi Arabia's Sovereign Wealth Fund, also known as PIF, may soon invest hundreds of millions of dollars in four construction firms, Bloomberg reported, quoting people familiar with the matter. According to the report, the PIF is in talks with Nesma Holding, El Seif Group, Almabani General Contractors, and Albawani to buy minority stakes in them, or their subsidiaries. Aiming
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