BlackRock to Get $5 Billion From PIF to Boost Presence in Saudi Arabia [BNN Bloomberg (Canada)]
Northern Trust Corporation (NTRS)
Last northern trust corporation earnings: 4/21 07:29 am
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Source: BNN Bloomberg
The new entity, BlackRock Riyadh Investment Management, will be set up under a partnership between BlackRock and Saudi Arabia's Public Investment Fund. It will incorporate strategies across asset classes, including private and public markets, according to a statement Tuesday. Investments will be managed by a Riyadh-based portfolio management team and supported by BlackRock, and it will seek to raise additional money from local and international investors. “The continued growth of the kingdom's capital markets and diversification of its financial sector will contribute to future prosperity for its citizens,” BlackRock Chief Executive Officer Larry Fink said in the statement. “Saudi Arabia has become an increasingly attractive destination for international investment.” The announcement comes amid BlackRock's aggressive push to grow its presence in Saudi Arabia, with executives privately highlighting the region as one of the firm's top priorities. This week the $10.5 trillion asse
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NTRS
Earnings
- 4/16/24 - Miss
NTRS
Sec Filings
- 5/17/24 - Form 4
- 5/14/24 - Form 144
- 5/14/24 - Form 13F-HR
- NTRS's page on the SEC website