Bloomberg News reported on Tuesday that the Public Investment Fund’s stake in Saudi tabreed It could be worth $250 million.
The company provides district cooling services in major real estate projects in Saudi Arabia and the Gulf region. In Saudi Arabia, Saudi Tabreed provides exclusive services for the Red Sea Project, which is a gigantic and essential project under the Kingdom’s Vision 2030 to diversify the economy. The company also has long-term contracts with Saudi Aramco.
“>
The disclosure indicated that the transaction is subject to the completion of the procedures.
Stated that the National Central Cooling Company “cooling down” included in United Arab Emirates It also increased its stake in the Saudi unit to 21.8% after acquiring additional shares from Al Mutlaq Industrial Investments Group for 55 million Saudi riyals ($14.63 million).
Bloomberg News reported on Tuesday that the Public Investment Fund’s stake in Saudi tabreed It could be worth $250 million.
The company provides district cooling services in major real estate projects in Saudi Arabia and the Gulf region. In Saudi Arabia, Saudi Tabreed provides exclusive services for the Red Sea Project, which is a gigantic and essential project under the Kingdom’s Vision 2030 to diversify the economy. The company also has long-term contracts with Saudi Aramco.
