Saudi Arabia’s US$925 billion Public Investment Fund (PIF) has given BlackRock a US$5 billion mandate to help establish a multi-class investment firm based in the capital, called BlackRock Riyadh Investment Management.The purpose of the new vehicle is to attract more overseas capital to Saudi Arabia and deepen capital markets via...
Saudi Arabia’s US$925 billion Public Investment Fund (PIF) has given BlackRock a US$5 billion mandate to help establish a multi-class investment firm based in the capital, called BlackRock Riyadh Investment Management.The purpose of the new vehicle is to attract more overseas capital to Saudi Arabia and deepen capital markets via...