Saudi Arabia's PIF to sell 2% stake in STC

Saudi Fund’s $1 Billion Deal Boosts Burgeoning Mideast 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 PIF to sell 2% stake in STC at 38.6 riyals/share, state TV reports
Saudi Arabia's sovereign wealth fund PIF will sell 100 million shares in the country's telecom group STC at a price of 38.6 riyals ($10.27) apiece, state television reported on Thursday.
Saudi Arabia's PIF to sell 2% stake in STC in estimated $1bn deal
Saudi Arabia’s Public Investment Fund is selling 2 per cent of its stake, or 100 million shares, in Saudi Telecom Company, the kingdom's biggest mobile operator, according to a regulatory filing with the Tadawul stock exchange.
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.
Saudi Arabia's wealth fund PIF to sell 2% stake in STC in potential $1.1 bln deal
Saudi Arabia's sovereign wealth fund PIF is selling an around 2% stake in the country's telecom group STC , the banks running the deal said on Wednesday, in a deal that could raise as much as $1.1 billion.
Saudi Arabia sovereign fund cuts FedEx stake, increases position in Prologis in Q3
Saudi Arabia's sovereign wealth fund in Q3 cut its stake in FedEx (FDX), while boosting its position in Prologis (PLD). Read ...
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Saudi Arabia once again reduces its stake in Nintendo, losing presence in the company after selling its shares
The Legend of Zelda, and other franchises were concerned, as it wasn’t clear what impact Saudi Arabia’s investment in ...
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Saudi Arabia Reduces Stake in Nintendo
The Public Investment Fund of Saudi Arabia continues the recent trend of reducing its major stake in the Japanese gaming ...
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Saudi Arabia: PIF sells 100mln stc shares for $1bln
Saudi Arabia's Public Investment Fund (PIF) today announced the completion of the sale of part of its stake in the Saudi Telecom Company (stc) through an accelerated bookbuild offering.
Saudi Arabia's new £390bn mega-city thrown into chaos as fresh scandal erupts
Saudi Arabia 's £390billion mega-city faces fresh chaos as the boss of the flagship Neom project has reportedly been sacked.
Saudi Arabia parts ways with the CEO of Neom, its new desert megacity
Neom, Saudi Arabia's ambitious megacity project, is a key part of the kingdom's Vision 2030 scheme. Its CEO stepped down ...
As regional violence rages, Saudi Arabia pitches itself as investment hub
The summit in Riyadh, known as the Future Investment Initiative, allowed the kingdom to showcase its ambitious plans to ...
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Saudi Arabia’s sovereign wealth fund trims Nintendo stake again
Saudi Arabia’s sovereign wealth fund further trimmed its stake in Nintendo, deepening a selloff that began in August.
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Saudi Arabia unveils vast mountain hotel that looks suspiciously like city from Lord of the Rings
This is more than the vast Saudi Arabian public investment fund, which sat at $925 billion as of July this ... More ...
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Saudi Arabia Replaces CEO Developing Megacity of Neom
Al-Mudaifer has been head of local real estate at Saudi Arabia’s Public Investment Fund, which is the owner of Neom ...
The Big Problem for Saudi Arabia’s Futuristic City? The Country Doesn’t Have Enough Money
The price tag for Saudi Arabia’s ambitious plans runs into the trillions of dollars if fully built, far more than the country’s $1 trillion wealth fund h. as at its disposal.