PIF | PIF announces sale of 100 million shares in stc | Public ...
18 hours ago · PIF today announced the completion of the sale of part of its stake in the Saudi Telecom Company (stc) through an accelerated bookbuild offering. The offering comprised 100 million shares, representing 2% of stc’s issued share capital. The total value of the offering was SAR 3.86 billion ($1.03 billion), with a final offer price of SAR 38.6 ...
Saudi PIF raises over $1bn with 2% STC stake sale - Arab News
11 hours ago · RIYADH: Saudi Arabia’s Public Investment Fund has raised SR3.86 billion ($1.03 billion) through the sale of a 2 percent stake in telecom firm stc. The offering, consisting of 100 million shares ...
Saudi PIF to offer 2% of Saudi Telecom Co. shares to investors
1 day ago · Remaining shares held by PIF represent 62% of the firm’s issued share capital. RIYADH: Saudi Arabia’s Public Investment Fund has announced the offering of 2 percent of its Saudi Telecom Co ...
Saudi wealth fund PIF raises $1 bln from STC stake sale
8 hours ago · DUBAI, Nov 14 (Reuters) - Saudi Arabia's sovereign wealth fund PIF has raised 3.86 billion riyals ($1.03 billion) from selling a 2% stake in telecoms firm STC (7010.SE), PIF said on Thursday, as ...
PIF and Google Cloud to create advanced AI hub in Saudi Arabia
Oct 30, 2024 · Preliminary research commissioned by Google Cloud and conducted by Access Partnership, a global tech policy advisory firm, estimates the new AI hub could add a cumulative $71 billion in GDP to the Saudi economy over eight years. The increased economic activity from AI adoption in Saudi Arabia is expected to support the creation of thousands of ...
Saudi Fund to Sell Stake Worth About $1 Billion in Telecom Firm
1 day ago · The Public Investment Fund plans to sell 100 million shares in Saudi Telecom Co., or a 2% stake, according to a statement on Wednesday. Based on the firm’s last closing price, the stake is ...
Saudi Arabia's wealth fund PIF to sell 2% stake in STC in potential …
1 day ago · DUBAI, Nov 13 (Reuters) - Saudi Arabia's sovereign wealth fund PIF is selling an around 2% stake in the country's telecom group STC , opens new tab, the banks running the deal said on Wednesday ...
Mizuho to launch Saudi ETF with sovereign fund PIF | Arab News
10 hours ago · November 14, 2024 09:50. RIYADH: Saudi Arabia’s Public Investment Fund has raised SR3.86 billion ($1.02 billion) through the sale of a 2 percent stake in Saudi Telecom Co. The offering ...
Fitch Affirms Public Investment Fund at 'A+'; Outlook Stable
3 days ago · In alignment with Saudi Arabia's Vision 2030 and PIF's 2021-2025 strategy, PIF serves as a key economic catalyst, driving non-oil GDP growth and investing in a diverse range of sectors both locally and internationally. These investments include high-impact projects that are strategically important to Saudi Arabia.
Public Investment Fund of Saudi Arabia - Financial Times
Aug 20, 2024 · Stay up-to-date with breaking news and top stories on Public Investment Fund of Saudi Arabia. In-depth analysis, industry insights and expert opinion.