PIF acquires 40% stake in Zamil Offshore Co. arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
Saudi wealth fund PIF said it has acquired a 40% stake in Zamil Offshore, a leading Saudi-based offshore support vessel operator and construction service provider, in a move aimed at further contributing to the development of Saudi Arabia’s energy base.
Saudi Arabia's Public Investment Fund (PIF) announced on Monday that it had acquired a 40% stake of the total issued capital of Zamil Offshore Services Company (Zamil Offshore), one of the largest Saudi-based offshore support vessel operators and construction service providers.