Zain KSA to sell 8,069 tower infrastructure for $807m to PIF
Saudi Arabias sovereign wealth fund has acquired a 60% majority stake while Sultan Holding company and Prince Saud bin Fahad have snapped up 10% each.
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Saudi Arabias sovereign wealth fund has acquired a 60% majority stake while Sultan Holding company and Prince Saud bin Fahad have snapped up 10% each.
The first joint venture of its kind will involve the development of advanced communications, sensors, and integrated mission systems.
The fund now has managed to secure a portfolio of nearly $10bn in US-listed stocks.
Jennifer Hanser will be responsible for ensuring Saudi Entertainment Ventures Company's investments and project executions are aligned with its vision to lead Saudi Arabias entertainment ecosystem.
