Saudi PIF Buys Shares in Saudi Affiliate of Tabreed as Air Conditioning Remains a Thriving Business
Posted on 12/21/2022
Saudi Arabia’s Public Investment Fund (PIF) acquired a 30% stake in a district cooling provider called Saudi Tabreed. The deal is valued around US$ 250 million. Saudi Tabreed is the local venture of United Arab Emirates-listed National Central Cooling Co. The deal was conducted through a private placement of shares. Saudi Tabreed provides centralized cooling…
