PIF and COSCO Shipping Complete Red Sea Gateway Terminal Deal
Posted on 07/15/2021
Saudi Arabia’s Public Investment Fund (PIF) and COSCO SHIPPING Ports Ltd completed a deal to buy a combined 21.2% stake in Red Sea Gateway Terminal Ltd from Saudi Industrial Services Co (SISCO). SISCO will receive gross proceeds of 556.5 million riyals for the deal, it said in a statement. The proceeds will support the SISCO’s […]
