Saudi wealth fund PIF to sell further stake in STC
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Saudi wealth fund PIF to sell further stake in STC in potential $1.1 billion deal
Saudi Arabia's sovereign wealth fund PIF has hired Goldman Sachs and Saudi National Bank to sell around a 2% stake in the country's telecom group STC in a deal that could raise up to $1.1 billion, according to a statement from the banks.
The managing director of Kuwait’s $1 trillion wealth fund is departing after three years, capping a turbulent tenure at the ...
The wealth fund also discloses its long-term performance, which was an annualized 6.4% over the 20 years ended Dec. 31, vs. 7 ...
Saudi Arabia's sovereign wealth fund in Q3 cut its stake in FedEx (FDX), while boosting its position in Prologis (PLD). Read ...
Could a shift in the PIF's investment strategy and Nintendo's business challenges be behind its recent moves of limiting ...
Norway is looking to its own people for advice on shaping the future of its $1.8 trillion sovereign wealth fund and how the ...
Saudi Arabia's sovereign wealth fund PIF will sell 100 million shares in the country's telecom group STC at a price of 38.6 riyals ($10.27) apiece, state television reported on Thursday.
This session, as one of the COP29 Presidency events, underscored the unique role of sovereign wealth funds in supporting the ...
Qatar’s sovereign wealth fund is reportedly in talks over providing minority investment in the Audi Formula One team.
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