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Economy
admin May 2, 2024

BlackRock is opening a Saudi investment firm with initial $5 billion from PIF

The BlackRock logo is displayed at the company's headquarters in New York City on Nov. 14, 2022.Leonardo Munoz | Getty ImagesAsset manager BlackRock will launch an investment platform in Riyadh with the help of a $5 billion anchor investment from Saudi Arabia's Public Investment Fund, the kingdom's sovereign wealth fund.The...

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