NEWS Releases
| PIF and Goldman Sachs Asset Management Sign MoU to Partner on Investment in Saudi Arabia, GCC | |
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WriterStrategic Planning Dept. Date2025-03-10 11:34:29 |
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PIF and Goldman Sachs Asset Management Sign MoU to Partner on Investment in Saudi Arabia, GCC Riyadh, March 04, 2025, SPA -- PIF and Goldman Sachs Asset Management today announced the signing of a non-binding memorandum of understanding (MoU) for PIF to act as a strategic anchor investor for new private credit and public equity strategies in Saudi Arabia and the wider GCC region. --- Deputy Governor and Head of MENA Investments at PIF Yazeed A. Al-Humied said: “PIF’s collaboration with Goldman Sachs Asset Management demonstrates our continued efforts to build new partnerships with a diverse range of leading international financial institutions, enhancing local markets. This MoU is another element in PIF’s strategy of attracting global capital and expertise from a wide range of investors to the region while facilitating knowledge transfer and capacity-building within Saudi Arabia.” --- The partnership will facilitate knowledge-sharing to spur growth of the Saudi asset management sector. By leveraging PIF’s institutional strength and Goldman Sachs Asset Management’s experience investing across public and private markets, it will contribute toward PIF’s goal of positioning Saudi Arabia as a hub for global investment. --- Today’s non-binding MoU remains subject to the satisfaction of certain required conditions including obtaining all necessary regulatory and internal approvals, among other milestones. --SPA ⓒ The Saudi Press Agency ★ Further details are available on click: https://www.spa.gov.sa/en/N2274455 |
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