Investment

Saudi Arabia NEOM Investment Fund (NIF) has announced its acquisition of a 6% stake in Technogym, the Italian fitness equipment maker. The investment, totaling €111 million ($120.83 million), establishes NIF as a long-term minority shareholder in Technogym. In a reverse accelerated bookbuilding operation, NIF purchased 8.8 million shares from other investors and entered a derivative solution for the purchase of...

Saudi Arabia's Public Investment Fund (PIF) is teaming up with asset management firm Patria Investments to invest in a $1.2bn development project to build a major road in Brazil. The consortium formed by Patria and PIF has secured a 30-year concession for the capacity extension and operation of a toll road project in the Brazilian state of Parana. The project,...

Saudi Arabia is poised to undertake a grandiose venture, connecting its eastern and western coasts through an extensive terrestrial bridge. Spanning an extraordinary 1300 km, this project is expected to stand as a momentous achievement in the kingdom's path of growth. The esteemed company "SAR" has been entrusted with the execution of this awe-inspiring endeavor, which comes with a staggering...