Current location:
Saudi Arabia to launch multi
Time:2024-06-03 17:49:00 Source:opinionsViews(143)
RIYADH, April 30 (Xinhua) -- Saudi Arabia announced the plan to launch a Riyadh-based multi-asset investment management platform on Tuesday. Under a memorandum of understanding (MoU) signed by BlackRock Saudi Arabia and the Saudi Public Investment Fund (PIF), BlackRock will establish a Riyadh-based multi-asset class platform named BlackRock Riyadh Investment Management (BRIM), according to a PIF statement. The platform will be anchored by an initial investment mandate of up to 5 billion U.S. dollars from PIF and encompass investment strategies across a range of asset classes. Larry Fink, chairman and CEO of BlackRock, said, "We are excited to build on the deep partnership we have developed with PIF over many years to launch the first-of-its-kind international investment management platform in Saudi Arabia." Yazeed A. Al-Humied, deputy governor and head of MENA Investments at PIF, said, "This new landmark agreement represents a step forward in PIF's work to make the Saudi investment and asset management market more internationally diverse and dynamic."
(Editor:Fu Bo)
share to:
Previous:Usher, Victoria Monét will receive prestigious awards from music industry group ASCAP
Next:English golfer Laurie Canter holds nerve to win European Open by 2 shots
Kind tips:The above content and pictures are compiled from the Internet and are for reference only. I hope they will be helpful to you! If there is any infringement, please contact us to delete it.!
You may also like
- The special Tony Award for educators goes to Baltimore community artist CJay Philip
- Unexplained Tākaka death not suspicious
- VOX POPULI: China remains same heartless nation as seen in grim 1984 film
- VOX POPULI: Scent of snow fills the air after Tokyo receives a wet, wintry mix
- Maldives will ban Israelis from entering the country over the war in Gaza
- VOX POPULI: Radiation lingers even 70 years after H
- Education Ministry workers on tenterhooks awaiting job cuts news
- VOX POPULI: ‘Dandara’ puns still entertain amid destroyed shops of Wajima
- I won the Apprentice and I went BUST... here is why it is time for Lord Sugar to QUIT the show