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PIF Invests In Zamil Offshore

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…

PIF buys 40% stake in Zamil Offshore | Asia Asset Management

PIF says the investment is part of its strategy to contribute to the development of Saudi Arabia’s energy base.

MEED | PIF acquires stake in Zamil Offshore

The deal follows Nesma s acquisition of engineering firm Kent

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Mawani Signs Contracts to Provide Maritime Services In 8 Saudi Ports

Saudi Ports Authority (Mawani) signed on Sunday four contracts to provide maritime services with private sector investments exceeding SR1 billion ($266 million).