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RIYADH: Saudi Arabia’s sovereign wealth fund has invested a total of $1.3 billion in four local construction companies, as part of the fund’s capital increase initiatives. The Public Investment Fund has acquired stakes in Nesma & Partners Contracting Co., El Seif Engineering Contracting Co., AlBawani Holding Co., and Almabani General Contractors Co., according to a press
Saudi sovereign wealth fund PIF (Public Investment Fund) plans to make a total investment of $1.3 billion in four leading local construction companies - Nesma & Partners, ElSeif Engineering Contracting, AlBawani Holding and Almabani General Contractors.