Saudi Arabia's PIF sets up company to boost space sector
PIF said the new company, Neo Space Group, will invest in local and international assets and capabilities, as well as venture capital opportunities.
Source: gulfbusiness.com
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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…
Source: swfinstitute.org
PIF, BlackRock partner to launch investment platform
Saudi Arabia wealth fund PIF said the investment platform seeks to accelerate the growth of capital markets in the Gulf state.
Source: gulfbusiness.com