PIF’s Sanabil Investments increases share capital by 50% to $8bn
- Date: 07-Jul-2021
- Source: Eye of Riyadh
- Sector:Financial Markets
- Country:Saudi Arabia
PIF’s Sanabil Investments increases share capital by 50% to $8bn
The Saudi Arabian Investment Company (Sanabil Investments) on Wednesday announced that its parent company, the Public Investment Fund, had approved increasing its share capital by 50 percent to SR30 billion ($8 billion).
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The Saudi Cabinet approved the establishment of Sanabil Investments in 2008. A closed joint-stock company, it originally had a paid-up capital of SR20 billion.
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