Saudi Wealth Fund Makes $484 Million Bid for Mobile Towers

Saudi Wealth Fund Makes $484 Million Bid for Mobile Towers

(Bloomberg) — Saudi Arabia’s sovereign wealth fund has made a $484 million bid for a controlling stake in the mobile phone towers unit of the kingdom’s second-largest telecom company. The Public Investment Fund offered to buy a 60% stake in Zain Saudi’s towers infrastructure in a deal that would value the unit at 3 billion…

FTSE puts India, Saudi on watchlist for inclusion in its bond index

FTSE puts India, Saudi on watchlist for inclusion in its bond index

FTSE Russell’s semi-annual country classification review said market accessibility level of Indian and Saudi bonds will be considered for reclassification to 1 from 0