Saudi Arabia's PIF to sell 2% stake in STC

Saudi Arabia’s PIF to sell further stake in stc in potential $1.1bn deal
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 offering.
Saudi wealth fund PIF raises $1 bln from STC stake sale
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.
Saudi Arabia’s PIF raises $1bn from stc Group stake sale
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 offering.
Saudi Arabia Reduces Stake in Nintendo
The Public Investment Fund of Saudi Arabia continues the recent trend of reducing its major stake in the Japanese gaming giant Nintendo.
Saudi Arabia’s PIF sells 2% stake in stc for over $1bn
PIF maintains ownership of 3.1 billion shares, equivalent to 62 percent of stc's issued share capital, following the transaction
Saudi Arabia's PIF Further Reduces Its Stake In Nintendo
Saudi Arabia's Public Investment Fund has reduced its stake in Nintendo for the second time in as many months.
Saudi Arabia's PIF to sell 2% stake in STC in potential US$1.1 billion deal
Saudi Arabia’s sovereign wealth fund PIF is selling an around 2 per cent stake in the country’s telecom group STC, the banks running the deal said on Wednesday (Nov 13), in a deal that could raise as much as US$1.
Saudi Arabia's wealth fund PIF to sell 2% stake in STC in potential $1.1 bln deal
Saudi Arabia's sovereign wealth fund PIF is selling an around 2% stake in the country's telecom group STC , the banks running the deal said on Wednesday, in a deal that could raise as much as $1.1 billion.
Saudi Arabia's PIF to sell 2% stake in STC in estimated $1bn deal
Saudi Arabia’s Public Investment Fund is selling 2 per cent of its stake, or 100 million shares, in Saudi Telecom Company, the kingdom's biggest mobile operator, according to a regulatory filing with the Tadawul stock exchange.
Saudi PIF to Sell $1 Billion Stake in Telecom Firm in Cash Quest
Saudi Arabia’s wealth fund sold part of its stake in the kingdom’s main mobile-phone operator for about $1 billion, the ...
Saudi Arabia sovereign fund cuts FedEx stake, increases position in Prologis in Q3
Saudi Arabia's sovereign wealth fund in Q3 cut its stake in FedEx (NYSE:FDX), while boosting its position in Prologis ...
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PIF nets $1bn overnight in Saudi Telecom block trade
In the first follow-on in December 2021, PIF reduced its stake from 70% to 64%. In 2002, Saudi Telecom held the monopoly ...
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Saudi Arabia: PIF sells 100mln stc shares for $1bln
Saudi Arabia's Public Investment Fund (PIF) today announced the completion of the sale of part of its stake in the Saudi Telecom Company (stc) through an accelerated bookbuild offering. The ...
Long-time CEO of NEOM goes as Saudi Arabia scales back mega-projects
Nasr, the long-time chief executive of the $500 billion NEOM mega-project at the heart of Saudi Arabia's drive to diversify ...