1 Day
Source:
الاقتصادية
Brookfield to close $2B fund with PIF support
Brookfield announced the closure of its first fund for private equity investments, the Brookfield Middle East Partners (BMEP) fund, with a total of two billion dollars (approximately 7.5 billion Riyals), primarily supported by the Public Investment Fund (PIF). The fund focuses on investing in companies across Saudi Arabia and the Middle East region, maintaining a minimum of 50% of its capital within the Saudi market to promote economic development and attract investments to the Kingdom. The investment aims to generate long-term returns through global partnerships, enhance the diversification of the Saudi financial market, and support local companies, leveraging Brookfield’s expertise in sectors such as financial services, commerce, technology, healthcare, and others. Information confirms that Brookfield, which manages assets exceeding one trillion dollars, has been investing in the region for years and is connected to a vast global network, supporting long-term developmental strategies for the Kingdom.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)