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BlackRock and Saudi Arabia s Sovereign Wealth Fund Ink MoU for Multi-Asset Class Investment Platform

BlackRock Saudi Arabia, a unit of BlackRock Inc., and the Public Investment Fund (PIF) announced the signing of a memorandum of understanding (MoU) by which BlackRock will establish a Riyadh-based multi-asset class investment platform. It will be anchored by an initial investment mandate of up to US$ 5 billion from PIF, subject to the achievement…

PIF, BlackRock partner to launch investment platform

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