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Iraq Bulletin

Tag : PIF

Business

Saudi wealth fund PIF purchases Alphabet, Zoom, and Microsoft shares

iraqbulletin.co
A broad selection of US stocks was purchased by Saudi Arabia’s Public Investment Fund (PIF), bringing its investment portfolio’s value to about $40.8 billion at the end of the second quarter. According to a US Securities and Exchange Commission filing, the PIF acquired 213,000 class A shares in Alphabet, 4.7......
Business

Saudi-Egyptian Investment Co. invests $1.3 billion in four Egyptian companies

iraqbulletin.co
Egypt’s planning ministry announced on Wednesday that the Saudi Egyptian Investment Company (SEIC), established by the Saudi Arabian Public Investment Fund (PIF), has purchased minority stakes in four Egyptian companies valued at approximately $1.3 billion. Among these four companies are Abu Qir Fertilizers and Chemical Industries ABUK.CA, Misr Fertilizers Production......