Saudi PIF Could Acquire PPA’s Stake in the King Abdullah Financial District
Posted on 11/23/2016
Saudi Arabia’s Public Investment Fund (PIF) could be acquiring a major financial hub in Saudi Arabia for 30 billion SAR (US$ 8 billion), an amount less than what the seller has paid into it. The prospective seller is Saudi Arabia’s Public Pension Agency (PPA) who invested in the King Abdullah Financial District (KAFD). PPA holds […]
