Latest News
Photo of author

PIF: Saudi ambition to be the largest sovereign fund in 2030

The firm behind the buyer of 9.9% of Telefónica aims to reach 1.7 trillion assets under management by the end of this decade. 23% of investments are abroad.

Saudi Telecom Company’s (STC) investment of around 2.1 billion euros to take 9.9% of Telefónica, directly and through derivatives, represents just 0.3% of the 700 billion assets managed by the Public Investment Fund ( PIF). AND

To continue reading go Premium
Try it for €1 the first month

and enjoy unlimited access to all Expansión web content

Or sign up with your Google account in two clicks

SOURCE

Leave a Comment

MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld MnFld