PIF Constantly Looks at Options for ELM and other Assets

Posted on 05/18/2020

Saudi Arabia’s Public Investment Fund (PIF) could possibly consider an initial public offering (IPO) for its information company unit called ELM (Al-Elm Information Security Co). PIF is taking advantage of current market conditions to scoop up shares in blue chip stocks such as Facebook, Boeing, Citigroup, Booking Holdings, and The Walt Disney Company. PIF also denied Bloomberg media reports of planning or even considering a margin loan backed by SoftBank Group’s Vision Fund.

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