Saudi PIF to Sell $1 Billion Stake in Telecom Firm in Cash Quest

By Yahoo! Finance | Nov 13, 2024 at 10:05 AM EST

Saudi Arabia's sovereign wealth fund is selling a 2% stake in Saudi Telecom Co. to raise funds for economic transformation. The Public Investment Fund remains the largest shareholder with 62% holding. This move aligns with the Vision 2030 program to diversify the economy.

Did you find this insightful?

Bad

Just Okay

Amazing

We are preparing, please wait

New Alert

Select an alert type

Sentiment Spike

Send email alert if news sentiment changes significantly

Mentions Spike

Send email alert if has a surge in mentions

Choose sentiment spike or mentions spike or both to receive email alerts and app notification for the selected stock.
Note: Please be aware that you will receive an email only once a day, around 8:00 AM (EST), in the event of any spike.
In future if you don't want to receive any email then delete stocks added into alert section.