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[ Sun, Dec 15th 2024 ]: businesstech.co.za
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[ Sat, Dec 14th 2024 ]: Goodreturns
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Nordson Corporation (NASDAQ:NDSN) Q4 2024 Earnings Call Transcript

Saudi Arabia's PIF acquires 15% share in Heathrow Airport

Saudi Arabia's Public Investment Fund (PIF) has acquired a 15% stake in Heathrow Airport, one of the world's busiest airports, as part of a broader strategy to diversify its investments and strengthen its global economic ties. This acquisition was made through PIF's subsidiary, the Saudi Arabian Sovereign Wealth Fund, which now joins a consortium of investors including Ferrovial, Qatar Investment Authority, and others. The deal values Heathrow at approximately £10.2 billion ($13.3 billion). This move not only signifies PIF's interest in infrastructure and transportation sectors but also aims to enhance connectivity between Saudi Arabia and key international markets, supporting the country's Vision 2030 economic diversification plan.

Read the Full Arabian Business Article at:
[ https://www.arabianbusiness.com/industries/transport/saudi-arabias-pif-acquires-15-share-in-heathrow-airport ]