Thndr Claps
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic
No Result
View All Result
Thndr Claps

Thndr Claps » Saudi Claps » Funds 🤑 » PIF and BlackRock to work together 🤝

PIF and BlackRock to work together 🤝

by Omar El Shorafa
November 14, 2022

The Clap
The Saudi Public Investment Fund (PIF) signed a non-binding memorandum of understanding with BlackRock, a global investment company, to solidify the company’s infrastructure strategy in the Middle East.

The Deets
The PIF and BlackRock hope that their cooperation will attract regional and international investors to invest in the projects while promoting FDI in Saudi Arabia, adding value to the local economy and the Saudi market, and enabling the transfer of knowledge and skills.

So What
The signing of the memorandum is in line with the fund’s strategy of expanding its investment portfolio locally and regionally.

Now What
According to Bloomberg, the PIF is considering listing ADES International Holding, a company that specializes in drilling oil and gas wells in KSA, in an IPO on the Saudi Tadawul by H1 2023 in an attempt to raise billions of dollars in capital to make investments.

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)

Related Posts

Terra Drone plans to localize drones in KSA 🚁
Funds 🤑

Terra Drone plans to localize drones in KSA 🚁

by Omar El Shorafa
January 25, 2023
Musharaka distributes SAR 17.6 million in cash dividends 💰
Tadawul 🔔

Musharaka distributes SAR 17.6 million in cash dividends 💰

by Omar El Shorafa
January 24, 2023
T-Bills, Claps, USD
Economy 🏙

KSA confident it can attract foreign investors

by Omar El Shorafa
January 16, 2023
Cenomi Centers sells land for SAR 644.5mn💰
Economy 🏙

Saudi Arabia issues $10bn in bonds

by Omar El Shorafa
January 11, 2023
Inflation slows down ⬇️
Economy 🏙

Increase in industrial production in KSA

by Omar El Shorafa
January 10, 2023
Al Inma REIT Retail completes SAR 52mn acquisition ✅
Real Estate 🏡

Al Inma REIT Retail completes SAR 52mn acquisition ✅

by Omar El Shorafa
January 5, 2023

Website

Community

Blog

Learn

© Thndr. All rights reserved

No Result
View All Result
  • U.S.
  • Egypt
  • Saudi
  • Thinkers
  • Arabic

Disclaimer: Thndr does not provide investment advice, individual investors are responsible for their own decisions or can seek independent advice. The value of investments can go up and down. Thndr is a trading name of Thndr Securities Brokerage which is authorised and regulated by the Financial Regulatory Authority (FRA). Registered in Egypt (no. 804)..© Thndr. All rights reserved

 

Hello👋 We want you to be able to express your opinions on anything and everything finance and economics related to the Egyptian and US markets.

This is why we introduced Thndr Thinkers💭

Let’s go through some housekeeping notes before you jump into publishing your article to all Thndr Claps readers!

Type of Content📝 We want to see market-relevant content that shows good analysis, please! Base your articles on facts 

Don’t be shy, explain🗣 Flex your knowledge to us, and we’ll share it with all the readers!

Be Original🙏 Please don’t copy. No one likes a copycat. All submissions are welcome as long as they’re yours 

Make your title attractive🤩 A title is like the cover of your book. Attractive enough to make you look at the book but also clear enough to tell you what the book is about.

Clean🧹 We’re all humans and we all make mistakes. But please try and clean up the article so it’s clear for all the readers 

No promotional content🚫 We don’t publish promotional content.

Any questions about becoming a Thndr Thinker? Email thndrclaps@thndr.app and we’d be happy to help!

Normally, your article will be published within 24 hours of submission (if you followed the guidelines)