#Global SWF

Saudi PIF increases stake in MEPCO to 23.08%

Saudi wealth fund PIF hikes stake in MEPCO to 23.08%

The fund said the investment will enable MEPCO to expand its production, raise its operational efficiency, and support environmental sustainability

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Saudi wealth fund PIF splashes $31.6bn in 2023

Big-ticket purchases included $4.9bn for US gaming company Scopely, $3.6bn to buy Standard Chartered’s aircraft leasing division and $3.3bn for steelmaker Hadeed