Saudi Sovereign Wealth Fund Plans International Expansion
Posted on 02/24/2022
Saudi Arabia’s Public Investment Fund (PIF), the kingdom’s sovereign wealth fund, said in a statement that they plan to open three new subsidiary companies’ offices in London, New York, and Hong Kong. PIF seeks to invest more capital overseas.
“The moves are in line with PIF’s continued expansion and will assist in the Fund’s future international growth,” it said in a statement.