Saudi Arabia is close to announcing the strategy and business plan for a $5.3 billion new state investment vehicle.
“Hopefully the board of directors of this company will be formed very soon,” says Mansour Al Maiman, secretary general of the entity’s parent, the Public Investment Fund, in an exclusive interview with Euromoney.
The new concern will be able to invest in assets, including companies’ equity, directly and indirectly, abroad, as well as within Saudi Arabia. The chairman of the board will be the minister of finance, Ibrahim Al Assaf.
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