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Saudi Arabia’s PIF buys stake in local reinsurer
By
Hui Ching-hoo
- Asia
- Global
- Saudi Arabia
Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, has bought a 23.08% stake in Saudi Reinsurance, one of the largest reinsurers in the country with 2.6 billion riyals (US$693 million) of assets.
PIF acquired the stake by su...
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