Saudi PIF Takes a Controlling Stake in Depa Group
Posted on 02/11/2022
Saudi Arabia’s Public Investment Fund (PIF) is taking a controlling stake in interior design and specialty contractor Depa Plc by agreeing to buy 150 million dirhams (US$ 40.84 million) worth of new shares. The deal will allow the PIF to own 55% of the company. PIF may also exercise the purchase of a warrant instrument […]
