PIF’s Sanabil Investments increases share capital by 50% to $8bn
Published 07 Jul,2021 via Arab News - Economy RIYADH - The Saudi Arabian Investment Company (Sanabil Investments) on Wednesday announced that its parent company, the Public Investment Fund, had approved increasing its share capital by 50 percent to SR30 billion ($8 billion).
The Saudi Cabinet approved the establishment of Sanabil Investments in 2008. A closed joint-stock company, it originally had a paid-up capital of SR20 billion.
“Sanabil has implemented its new strategy in 2019 to focus on venture capital, growth strategies and small buyouts, from early to more mature stages of the business life cycles,” the company said in a press statement.
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