sovereign wealth funds
The deal includes a $750 million convertible preferred investment and a $750 million unsecured term loan
Sovereign wealth funds globally invested $64.2 billion in 135 deals while PPFs spent $31.9 billion on 101 deals in H1 2024
The fund swung to a profit of $36.81 billion in 2023, after posting a loss of $15.6 billion a year earlier
The plant, known as the Grande Côte seawater desalination plant, will have a capacity of 400,000 cubic meters per day
The Saudi government currently holds a 60 percent stake in Lucid
Strategic acquisitions and diversification drive growth trajectory
The state's ownership of the Aramco's shares now stands at 82.186 percent
The fund will become the official naming partner of the ATP Rankings
The agreements align with the goals of Vision 2030
The investment aims to enhance the financial resources of Zamil Offshore
Event concludes with commitment to Saudization and private sector empowerment
