Construction & Real Estate

Saudi PIF announces sale of strategic stake in Masar

Saudi sovereign wealth fund PIF said it has sold out a part of its stake in Umm Al Qura for Development and Construction Company (Masar), through an accelerated bookbuild offering. It comprises 48 million shares, representing 3.3% of Masar’s share capital. ...

Construction & Real Estate

Saudi PIF, Acwa Power to collaborate on power, water infrastructure

The Saudi Public Investment Fund (PIF) and Acwa Power have signed a memorandum of understanding (MoU) to explore opportunities to develop power and water infrastructure for PIF’s local real estate portfolio companies....