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PIF to buy 30% shares in Kingdom's leading grocery chain

RIYADH: In a bid to expand its existing portfolio and strengthen the private sector, Saudi Arabia’s sovereign wealth fund has inked a deal to invest in Tamimi Markets Co., one of the leading grocery chains in the Kingdom. According to the agreement, the Public Investment Fund will become a shareholder with 30 percent ownership of Tamimi Markets by way of a capital increase and ....

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PIF signs deal to build indoor vertical farms in Saudi Arabia

RIYADH: Saudi Arabia’s Public Investment Fund has signed a joint venture agreement with US-based AeroFarms to establish a company in Riyadh to build and operate indoor vertical farms in the Kingdom and the wider Middle East and North Africa region. The deal will allow the joint venture to use AeroFarms’ proprietary smart agriculture technology platform, AgTech, to produce ....

Saudi Arabia , Ar Riya , David Rosenberg , Majed Al Assaf , Investments Division , Saudi Arabia Public Investment Fund , Public Investment Fund , Middle East , North Africa , Al Ahsa , Al Kharj , Khalij Times , Gulf News , Saudi Gazette , King Abdullah , Obs In Saudi , Work In Saudi Arabia , Hajj عرب نيوز ,

Saudi Arabia to invest in vertical farms - Agência de Notícias Brasil-Árabe

The Saudi Public Investment Fund has signed an agreement with US company AeroFarms to build indoor vertical farms to produce food throughout the Middle East and North Africa. ....

Saudi Arabia , United States , Majed Al Assaf , Investments Division , Saudi Arabia Public Investment Fund , Public Investment Fund , Middle East , North Africa , Saudi Arab News , Consumer Goods ,