Incoming funds: A man passes the Saudi Telecom office in Riyadh. If the PIF sells a 20% stake, Saudi Telecom could see inflows of up to US$1.4bil (RM5.85bil) from passive trackers of the MSCI and FTSE Russell indexes. — Reuters
RIYADH: The Middle East’s biggest telecoms company may see significant inflows after Saudi Arabia’s sovereign wealth fund sells part of its 70% stake.
However, the Public Investment Fund (PIF) said it plans to retain more than a 50% stake.
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