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Public Investment Fund acquires Hadeed from SABIC at $3.33bn 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.
RIYADH: The Public Investment Fund on Sunday announced the signing of a share purchase agreement to acquire a 100 percent shareholding in the Saudi Iron &… ....
RIYADH: The Public Investment Fund on Sunday announced the acquisition of a 30 percent stake in the Saudi Tabreed District Cooling Co., a leading provider of sustainable district cooling schemes for some of the largest projects in Saudi Arabia. Saudi Tabreed offers highly efficient solutions that drive reductions in power consumption and the costs of operation and maintenance ....
The boss of the electric car company is on trial after investors claimed the 2018 tweet cost them millions of dollars when a deal did not go ahead. ....
MBS Wants Saudi Arabia Fund to Reach $2 Trillion in Assets The crown prince’s ambitious plan for the Public Investment Fund would change the kingdom’s dependence on oil while creating the world’s largest pool of institutional money, but questions remain. Saudi Arabia Crown Prince Mohammed bin Salman has unveiled an ambitious plan that would make the Public Investment Fund (PIF) the largest sovereign wealth fund in the world, increasing its roughly $400 billion in assets to $1.1 trillion by 2025 and $2 trillion by 2030. Analysts question whether the plan is feasible, but one thing is certain: The 35-year-old de facto ruler of Saudi Arabia doesn’t think small. ....