“Neberger Berman” and “Saudi Sovereign” signed on the memory that understands $ 6 billion to strengthen capital markets

Signature of Neberger Berman; Global Company specializes in investing management and “Public Investment Fund”, an indelible memorandum of understanding; To accelerate the growth of capital markets in the Saudi Arabia and the Middle East, in the state of Riyadh, by the cooperation of both sides, as well as in support of both parties in the state, as well as investing in the state.

This contribution is in accordance with its aspirations to develop the “fund” and the “property management” sector in the kingdom. The following are:

The company is working to facilitate and stimulate and stimulate and stimulate the flow of international investment to Saudi Arabia by taking advantage of the strong international presence of “Nebergar Berman”, with the company currently working to obtain the necessary institutional licenses.

“We are respected to cooperate with one of the most prominent and largest institutional investors in the world (Public Investment Fund),” said George Walker. Through our Multi -Root Global Platform, we look forward to maintaining our expansion, support the national economy, build eligible local activists, increase the way of education and training and benefit from our world experiences; In response to the specific needs of the area and in support of the objectives (Kingdom Vision 2030).

The Public Investment Fund is one of the most influential global investors, and works to power new sectors and opportunities to draw the characteristics of the new sectors and the global economy and push the economic transformation cycle in the state.

The memorandum of awareness is in line with the efforts and programs of the “fund” to increase the growth of a business environment in the economic markets of Saudi Arabia and to further grow in the field of international “property management” from the state.

In late 2024, Khalid al -Bada, head of the company in the “NewGre Berman” company, Middle East and New markets, led the company’s strategic growth in customer relations, operational activities and investments in the region.

The memorandum of the signed understanding is not adhered to and is subject to completing a number of necessary conditions, such as obtaining the necessary institutional and internal approval and achieving a set of specific goals.

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