BlackRock And PIF Sign US$ 5 Billion MOU
Posted on 05/07/2024
BlackRock’s Saudi Arabia unit and Public Investment Fund (PIF) signed a memorandum of understanding (MOU) for BlackRock to establish a Riyadh-based multi-asset class investment platform. PIF is expected to contribute US$ 5 billion. It will be named BlackRock Riyadh Investment Management (BRIM). PIF continues to seek ways to diversify and build Saudi Arabia’s economy. It…
