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Public Investment Fund (PIF) has announced the completion of its investment in Zamil Offshore Services Company. Zamil is one of the largest Saudi-based offshore support vessel operators and construction service providers. PIF has acquired a 40% stake of the total issued capital of the company. PIF’s intends for Zamil to continue expanding its services and…
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.