PIF Indirectly Invests in Arabian Centres IPO

Posted on 05/10/2019

Saudi Arabia’s Public Investment Fund (PIF) is a key backer of many Saudi initial public offerings. PIF invested indirectly, through a fund manager, in the 2.8 billion SAR (US$ 747 million) IPO of Saudi mall operator Arabian Centres. Arabian Centres owns 19 malls, but has plans to increase operations to 27 malls within a 4-year […]