Public Investment Fund (PIF)

MENA

Public Investment Fund invests in Saudia Technic
ByNNR January 3, 2024January 3, 2024

JEDDAH, SAUDI ARABIA: The Public Investment Fund (PIF) announced the signing of an agreement to invest in Saudia Technic, a subsidiary of Saudia Group.Formerly known as Saudia Aerospace Engineering Industries, Saudia Technic has a long-established presence and rich legacy in…

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MENA

SABIC sells steel subsidiary Hadeed to PIF for $3.33 billion
ByNNR September 3, 2023September 3, 2023

DUBAI, UAE: SABIC, a global petrochemical giant, announced on Sunday that it had reached an agreement to sell its steel-making subsidiary Hadeed to the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, for $3.33 billion. The deal, which is…

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