The Saudi Public Investment Fund is in talks with 4 Saudi contracting companies to buy minority stakes in them or in their subsidiaries of about 30% in each of them.

According to Arabiya Net, the four companies are: Nesma Holding, Al-Seef Group, Al-Mabani General Contracting, and Al-Bawani.

Sources told Bloomberg that the Public Investment Fund has appointed Rothschild and GIB Capital's GIB Capital as acquisition advisers, but the talks are still in the early stages and may not yield any results. deals.

The sources said that the fund might invest later in international contracting companies working on Saudi projects.