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.
Hosted on MSN3h
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 ...
Zawya7h
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.
GameRant on MSN15h
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 ...
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 Replaces CEO Developing Megacity of Neom
Saudi Arabia replaced the executive that was overseeing its plan to build the $1.5 trillion futuristic development known as ...
Hydrogen Fuel News2d
Saudi Arabia’s $10 Billion Green Hydrogen Investment Moving Full Steam Ahead
Can Saudi Arabia Transform the Green Energy Landscape? Saudi Arabia is setting its sights on the green hydrogen industry with ...
Wentworth Denies Rumor That Saudi Arabia's Public Investment Fund Is Trying to Buy It
Last week, DP World Tour player Eddie Pepperell appeared on the Chipping Forecast and said he believed that the Saudi Arabian ...
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 ...
Business Times1d
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.
Saudi Arabia spent years investing in global tech firms. Its domestic AI push hopes they'll return the favor.
The kingdom is looking to companies overseas to help it meet its AI ambitions at home after years of investing billions of ...
GlobalCapital47m
PIF nets $1bn overnight in Saudi Telecom block trade
Saudi Arabia’s Public Investment Fund sold $1bn of shares in Saudi Telecom in an accelerated bookbuild on ...