Saudi Arabia, Sovereign wealth fund

Saudi Wealth Fund Ramps Up Stock Sales to Support Spending Plans
Saudi Arabia’s wealth fund sold part of its stake in the kingdom’s main mobile-phone operator for about $1 billion, the latest step in its efforts to raise cash for the government’s economic transformation plan.
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Saudi wealth fund PIF to sell further stake in STC in potential $1.1bln deal
DUBAI - 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.
Saudi Arabia's wealth fund PIF to sell 2% stake in STC in potential $1.1 bln deal
The share sale could raise as much as $1.1 billion for PIF based on STC's share price of 41.1 riyals ($10.94) at closing on Wednesday.
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.
Saudi Fund’s $1 Billion Deal Boosts Burgeoning Mideast Selldowns
A $1 billion stake sale in Saudi Arabia’s largest mobile phone operator is the latest sign that the market for follow-on equity offerings is picking up in the Middle East.
PIF to raise over $1bn from Saudi Telecom’s 2% stake sale
The sale represents 2 percent of PIF’s stake in STC and the price is around 6.5 percent lower than the share price at closing on Wednesday. Goldman Sachs Saudi Arabia and SNB Ca
Saudi Arabia sovereign fund cuts FedEx stake, increases position in Prologis in Q3
Saudi Arabia's sovereign wealth fund in Q3 cut its stake in FedEx (NYSE:FDX), while boosting its position in Prologis ...
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Saudi wealth fund PIF sells stake in STC for more than $1bln
Saudi Arabia's sovereign wealth fund PIF has sold 2% of its stake in Saudi Telecom Company (STC) raising more than $1 ...
The Big Problem for Saudi Arabia’s Futuristic City? The Country Doesn’t Have Enough Money
The price tag for Saudi Arabia’s ambitious plans runs into the trillions of dollars if fully built, far more than the country ...
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Saudi Arabia’s Public Investment Fund surges to USD1.03B through stc stake sale
PIF, the sovereign wealth fund of Saudi Arabia, emphasized the continued importance of its ownership stake in stc and ...
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Sotheby’s and Christie’s Saudi Arabia Moves, Art Basel Abu Dhabi and a Rumored Frieze Sale
This is a very dynamic time for culture in Saudi Arabia,” according to Sotheby’s CEO Charles F. Stewart, who added in a ...
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PIF unit in deal to develop top-class Saudi tourism destination
Aseer Investment Company, a subsidiary of Saudi sovereign wealth fund PIF, has announced the establishment of a new holding ...
Saudi Arabia Replaces CEO Of Futuristic Mega-city NEOM
Saudi Arabia announced Tuesday that it was replacing the chief executive of its futuristic mega-city NEOM as scepticism ...
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PIF nets $1bn overnight in Saudi Telecom block trade
Saudi Arabia’s Public Investment Fund sold $1bn of shares in Saudi Telecom in an accelerated bookbuild on Wednesday ...