PIF’s Sanabil Investments increases share capital by 50% to $8bn

article author: Arab NewsAuthor: Wed, 2021-07-07 19:34
RIYADH: The Saudi Arabian Investment Company (Sanabil Investments) on Wednesday announced that its parent company, the Public Investment Fund, had approved increasing its share capital by 50 percent to SR30 billion ($8 billion).

The Saudi Cabinet approved the establishment of Sanabil Investments in 2008. A closed joint-stock company, it originally had a paid-up capital of SR20 billion.Main category: Business & EconomyTags: businesseconomyPublic Investment Fund (PIF)Sanabil InvestmentSaudi Arabia
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