Saudi Wealth Fund Sells Mecca Developer Shares For $253 Million
Saudi Arabia’s Public Investment Fund raised about $253 million by trimming its stake in a Mecca-based property developer that’s become the kingdom’s best-performing equity listing this year.
By Laura Gardner Cuesta · Bloomberg Markets
Saudi Arabia’s Public Investment Fund raised about $253 million by trimming its stake in a Mecca-based property developer that’s become the kingdom’s best-performing equity listing this year.