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General

Sovereign fund PIF considers selling stake in Saudi Telecom - report

Wednesday 23 June 2021 | 16:28 CET | News
Saudi Arabia's Public Investment Fund (PIF) is considering divesting part of its stake in Saudi Telecom, as a way to monetise some of its assets, Reuters reported citing sources close to the matter. The fund, which holds USD 430 billion worth of assets, has hired Goldman Sachs and Saudi National Bank's (SNB) investment banking arm to arrange a transaction.

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Categories: General
Companies: Saudi Telecom
Countries: Saudi Arabia
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