Saudi Arabia's Public Investment Fund Considers Acquisition of Saudia

Monday, 18 March 2024, 07:49

Saudi Arabia's Public Investment Fund, managing $925 billion in assets, is reportedly discussing the acquisition of national airline Saudia. This potential move aligns with the fund's strategic focus on investments in the tourism and transport sectors. The acquisition could have significant implications for the domestic aviation industry and Saudi Arabia's broader economic diversification efforts.
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Saudi Arabia's Public Investment Fund Considers Acquisition of Saudia

Saudi Arabia's Wealth Fund Considers Acquisition of Saudia

The reported move for Saudi's Public Investment Fund, which oversees $925 billion in assets, would track with its goals to invest in tourism and transport.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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