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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 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. ....