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Saudi Arabia's PIF to sell 2% stake in STC
Saudi Fund’s $1 Billion Deal Boosts Middle East Selldowns
A $1 billion stake sale in Saudi Arabia’s largest mobile phone operator is the latest sign that the market for follow-on equity offerings is picking up in the Middle East.The Public Investment Fund’s sale of a 2% stake in Saudi Telecom Co.
Saudi wealth fund PIF to sell further stake in STC in potential $1.1bln deal
DUBAI - Saudi Arabia's sovereign wealth fund PIF has hired Goldman Sachs and Saudi National Bank to sell around a 2% stake in the country's telecom group STC in a deal that could raise up to $1.1 billion, according to a statement from the banks.
Saudi Arabia's wealth fund PIF to sell 2% stake in STC in potential $1.1 bln deal
The share sale could raise as much as $1.1 billion for PIF based on STC's share price of 41.1 riyals ($10.94) at closing on Wednesday.
Saudi Fund to Sell Stake Worth About $1 Billion in Telecom Firm
Saudi Arabia’s sovereign wealth fund is selling part of its stake in the kingdom’s main mobile-phone operator as it tries to raise cash for the government’s trillion-dollar economic transformation plan.
PIF to raise over $1bn from Saudi Telecom’s 2% stake sale
The sale represents 2 percent of PIF’s stake in STC and the price is around 6.5 percent lower than the share price at closing on Wednesday. Goldman Sachs Saudi Arabia and SNB Ca
Zawya
1d
Saudi wealth fund PIF sells stake in STC for more than $1bln
Saudi
Arabia's sovereign
wealth
fund
PIF has sold 2% of its stake in
Saudi
Telecom Company (STC) raising more than $1 ...
2d
Saudi Arabia’s Sovereign Wealth Fund Trims Nintendo Stake Again
Saudi Arabia’s sovereign wealth fund further trimmed its stake in Nintendo Co., deepening a selloff that began in August.Most ...
Mena FN
1d
Saudi Arabia’s Public Investment Fund surges to USD1.03B through stc stake sale
PIF, the sovereign
wealth
fund
of
Saudi
Arabia, emphasized the continued importance of its ownership stake in stc and ...
Observer
21h
Sotheby’s and Christie’s Saudi Arabia Moves, Art Basel Abu Dhabi and a Rumored Frieze Sale
This is a very dynamic time for culture in Saudi Arabia,” according to Sotheby’s CEO Charles F. Stewart, who added in a ...
2d
Saudi Arabia Replaces CEO Of Futuristic Mega-city NEOM
Saudi Arabia announced Tuesday that it was replacing the chief executive of its futuristic mega-city NEOM as scepticism ...
GlobalCapital
19h
PIF nets $1bn overnight in Saudi Telecom block trade
Saudi
Arabia’s Public Investment
Fund
sold $1bn of shares in
Saudi
Telecom in an accelerated bookbuild on Wednesday ...
2d
Long-time CEO of NEOM goes as Saudi Arabia scales back mega-projects
Nasr, the long-time chief executive of the $500 billion NEOM mega-project at the heart of Saudi Arabia's drive to diversify ...
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