Russian sovereign fund opens office in Saudi - Reuters:
The Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, has opened its first foreign office in Saudi Arabia, the fund said on its website, as it seeks to do more deals in the kingdom.
The office will conduct its investment activities as part of existing agreements and joint platforms such as the Russia-Saudi Investment Fund, which was established by RDIF and Saudi sovereign fund PIF, it said in a statement.
The move comes after RDIF said this year it was poised to significantly increase its number of investment deals with Saudi Arabia.
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