Saudi PIF Steps in to Support Local Stocks

Posted on 10/25/2018

Saudi Arabia’s Public Investment Fund (PIF) is a holder of many domestic stocks, which include Samba Financial Group, SABIC, Saudi Telecom Company, Riyad Bank, and the National Commercial Bank (NCB). PIF through local institutions, fund managers, and other intermediaries have indirectly backed domestic equities in a recent market rout by buying shares. The Saudi stock […]