PIF to increase Sanabil Investments capital to SAR 30 bln

07/07/2021 Argaam

Logo of Sanabil Investments

Sanabil Investments Co., wholly-owned by the Public Investment Fund (PIF), announced the fund's approval to increase its capital from SAR 20 billion to SAR 30 billion.

 

In a statement obtained by Argaam, the company said that the decision reflects the fund's contribution to supporting its progress.

 

Sanabil Investments was established in 2009, and its strategy was revised and updated in 2019 to focus on bold capital categories, growth strategies and small acquisitions, from the early to the most mature stages of corporate life.

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