Saudi sovereign fund sells stakes of national gas company
RIYADH, Sept. 6 (Xinhua) -- The Saudi Public Investment Fund (PIF) has completed the sale of its 10.92-percent stake in the National Gas and Industrialization Company for 491.19 million Saudi riyals (around 131 million U.S. dollars), Saudi media reported on Wednesday.
The shares were sold on Tuesday through a private sale transaction to Jadwa Investment Company, which acted as a manager and bought the stake for