Saudi PIF to Hold a 25% Stake in Emaar The Economic City
Posted on 09/02/2021
Saudi Arabia’s Public Investment Fund (PIF) will hold a 25% stake in Emaar The Economic City (EEC) after the company issues 283.3 million new ordinary shares to PIF. This is in lieu of PIF repaying the Saudi finance ministry a loan for EEC, EEC said on September 2, 2021. The deal will make PIF EEC’s […]
