Mohammad Al Kharashi

Saudi to Transfer Riyadh Finance District Project to PIF

By David French and Katie Paul DUBAI/RIYADH, May 10 – Saudi Arabia is to transfer ownership of Riyadh’s floundering King Abdullah Financial District to the Public Investment Fund (PIF) from the Public Pension Agency (PPA), according to four sources aware of the matter. The move is an attempt to rescue the project, started a decade

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