Saudi Arabia PPA Set to Transfer King Abdullah Financial District to PIF

Posted on 05/10/2016

Saudi Arabia’s Public Investment Fund (PIF) could also be a holder of challenged state-owned assets and projects. The Kingdom of Saudi Arabia is moving ownership of King Abdullah Financial District, located in Riyadh, from the Public Pension Agency (PPA) to the PIF. PPA owns the development through its Al Ra’idah Investment Company unit. The ambitious […]