PIF Takes Controlling Stake In TAWAL

Posted on 04/22/2024

Saudi Arabia’s Public Investment Fund (PIF) has signed a definitive agreement to acquire at 51% stake in Telecommunication Towers Company Limited (TAWAL)  from Saudi Telecommunications Company. TAWAL is the largest telecommunications infrastructure company in Saudi Arabia and one of the largest in the region, with an enterprise value of US$ 5.85 billion. PIF and Saudi…

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