PIF boosts Saudi oil industry with investment in Alkhorayef Petroleum arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
Saudi Arabia’s Public Investment Fund (PIF) announced on Monday the signing of a share subscription agreement to invest in Alkhorayef Petroleum, from Alkhorayef Group, by way of a capital increase and subscription to new shares amounting to a 25% shareholding in the company. Alkhorayef Group, the parent company and current shareholder of Alkhorayef Petroleum, will retain a 75% stake.
Saudi wealth fund PIF (Public Investment Fund) has announced the signing of a share subscription deal with leading oil and gas systems manufacturer Alkhorayef Petroleum. It involves a capital hike as well as PIF snapping up a 25% stake in the company.
Saudi wealth fund PIF (Public Investment Fund) has announced the signing of a share subscription deal with leading oil and gas systems manufacturer Alkhorayef Petroleum. It involves a capital hike as well as PIF snapping up a 25% stake in the company.