Saudi Arabia’s sovereign wealth fund is selling part of its stake in the kingdom’s main mobile-phone operator as it tries to ...

Saudi PIF, which sold 6 per cent of stc for $3.2bn in 2021, will keep a 62 per cent stake in the telecoms group after the ...

Saudi PIF, which sold 6 per cent of stc for $3.2bn in 2021, will keep a 62 per cent stake in the telecoms group after the ...

Saudi Arabia's sovereign wealth fund PIF plans to sell a 2% stake in Saudi telecoms operator STC through a private placement ...

Saudi Arabia's sovereign wealth fund PIF will sell 100 million shares in the country's telecom group STC at a price of 38.6 riyals ($10.27) apiece, state television reported on Thursday.

PIF sold 100 million of its shares in stc, representing 2% of the company’s issued share capital through accelerated ...

PIF maintains ownership of 3.1 billion shares, equivalent to 62 percent of stc's issued share capital, following the transaction ...

The share sale could raise as much as $1.1 billion for PIF based on STC's share price of 41.1 riyals ($10.94) at closing on ...

In October, the International Monetary Fund lowered its GDP growth prediction for Saudi Arabia this year and next because of ...

Stock markets in the Gulf ended mixed on Thursday as investors assessed the monetary policy and inflation outlook in the ...

Saudi Arabia's sovereign wealth fund PIF has sold 2% of its stake in Saudi Telecom Company (STC) raising more than $1 billion ...

Goldman Sachs Saudi Arabia and SNB Capital, joint global coordinators and joint bookrunners for the Public Investment Fund ...