BlackRock Corrals Investors at First Summit in Saudi Arabia [Financial Post (Toronto, Ontario, Canada)]
BlackRock, Inc. (BLK)
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — BlackRock Inc. is set to host its first major event in Riyadh this week, playing matchmaker to corporate chiefs, investors and top government officials at its debut global investment summit in Saudi Arabia. The US firm is hosting the event alongside the Saudi Ministry of Finance, according to people familiar with the matter, who asked not to be identified discussing private information. The goal is to showcase investment opportunities and provide an overview of progress on the kingdom's trillion-dollar Vision 2030 program, the people said. Article content Article content The event comes as the kingdom ratchets up efforts to raise billions of dollars for Crown Prince Mohammed bin Salman's ambitious economic transformation efforts. BlackRock's involvement shows how deeply the US firm has embedded itself in Saudi Arabia, the biggest market in the r
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