The Public Investment Fund, the Saudi sovereign wealth fund, has become a major investor in NBK Capital Partners in the company's new, Sharia-compliant trust fund. $ 300 million, which will provide capital to mid-sized market companies in the Middle East.
According to Arabiya Net, the company did not disclose the size of the investment of the Public Investment Fund, which manages $ 400 billion in assets in the trust, but Yasser Mustafa, the first managing director in NBC Capital Partners said it is at least a third of the $ 300 million target, the collection of which is slated to close next year.
and entry to the Public Investment Fund, which often invests in stocks and infrastructure, is rare in the debt market.
"We can touch parts of the economy that (the Public Investment Fund) cannot effectively touch," Mustafa told Reuters.
