¶¶Òõ¶ÌÊÓƵ’s PIF joins Russia and China in $2.5bn ‘trilateral’ investment fund
¶¶Òõ¶ÌÊÓƵ’s PIF joins Russia and China in $2.5bn ‘trilateral’ investment fund/node/1393866/business-economy
¶¶Òõ¶ÌÊÓƵ’s PIF joins Russia and China in $2.5bn ‘trilateral’ investment fund
Participants attend the last day of the Future Investment Initiative FII conference in the Saudi capital Riyadh on October 25, 2018. (AFP)
Updated 26 October 2018
Arab News
¶¶Òõ¶ÌÊÓƵ’s PIF joins Russia and China in $2.5bn ‘trilateral’ investment fund
¶¶Òõ¶ÌÊÓƵ’s Public Investment Fund (PIF) is to join forces with Russia's RDIF
PIF will contribute $500 million to the investment fund, raising total capital under management to $2.5 billion
Updated 26 October 2018
Arab News
RIYADH: ¶¶Òõ¶ÌÊÓƵ’s sovereign wealth fund Public Investment Fund (PIF) is to join forces with Russian sovereign wealth fund RDIF as a new partner in the joint Russia-China Invesment Fund, it was announced on Thursday.
As part of the agreement, Saudi’s PIF will contribute $500 million to the investment fund, raising its total capital under management to $2.5 billion, Russia’s RDIF added in a statement.
