LIVE--ă»100 views
đ„#BlackRock to launch PIF-backed Saudi investment platform.
The world's largest asset manager BlackRock said on Tuesday it plans to launch a new investment platform in Saudi Arabia, backed by up to $5 billion from Saudi sovereign wealth fund the Public Investment Fund (PIF).
BlackRock and PIF said they had signed a memorandum of understanding under which BlackRock would establish a Riyadh-based multi-asset investment platform, anchored by PIF's initial cash injection, subject to certain agreed milestones being hit.
Avertissement : comprend des opinions de tiers. Il ne sâagit pas dâun conseil financier. Consultez les CG.