Saudi fund acquires 49% stake in consulting firm Richard Attias: Maaal - Reuters:
A subsidiary of Saudi Arabia’s sovereign wealth fund has acquired 49% of consulting firm Richard Attias & Associates (RAA), Saudi financial news website Maaal reported on Sunday.
The stake acquired by Sanabil Investments, which focuses on making direct equity investments in local companies and projects, has previously been estimated to be worth tens of millions of British pounds.
Maaal cited unnamed sources. Reuters could not immediately reach RAA, Sanabil or PIF for comment.
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