Blog Viewer

Saudi wealth fund PIF buying 30% stake in Saudi Tabreed

By District Energy posted 12-21-2022 10:46

  

Reuters

Summary

Saudi Arabia's Public Investment Fund (PIF) has acquired a 30% stake in cooling company Saudi Tabreed through a private placement of shares, according to a bourse filing on Wednesday.

The sale is subject to completion procedures.

United Arab Emirates-listed National Central Cooling Company (TABR.DU), known as Tabreed, has also boosted its stake in the Saudi venture to 21.8% after acquiring additional shares from Al Mutlaq Group for Industrial Investments for 55 million Saudi riyals ($14.63 million), the bourse filing said.

Continue Reading


#MemberNewsIDEA


#Tabreed
#DistrictCooling
0 comments
3 views

Permalink