Tag: PIF
Saudi Arabia reportedly suspends talks to acquire Egypt’s United Bank
Saudi Arabia has reportedly shelved a plan by its sovereign wealth fund to acquire the United Bank of Egypt as talks with Egyptian authorities...
Saudi wealth fund PIF reportedly plans to acquire Egypt’s United Bank for $600 million
Saudi Arabia’s Public Investment Fund (PIF) is reportedly in advanced talks to acquire Egypt’s United Bank in a deal that could value the state-owned...
Saudi wealth fund PIF, BlackRock to jointly explore MENA infrastructure investments
Saudi Arabia’s Public Investment Fund (PIF) signed a non-binding MoU with BlackRock on Monday to jointly explore infrastructure projects in the Middle East, with...
Saudi wealth fund-backed Egyptian investment firm invests $1.3 billion in four firms
Egypt’s planning ministry said Wednesday that the Saudi Egyptian Investment Company (SEIC), which is owned by the Public Investment Fund (PIF), has acquired minority...
Saudi wealth fund PIF launches company for Egypt investments
Saudi Arabia’s Public Investment Fund (PIF) has launched a company that will invest in promising sectors throughout Egypt including financial services, infrastructure as well...