Saudi sovereign sells its GASCO’s stake for $131.96 mln

Saudi Arabia’s Public Investment Fund (PIF) has concluded an agreement to sell its 10.92 percent share of the capital of the national gas and industrialisation company (GASCO) to Jadwa Investment firm for 491.19 million riyals ($131.96 million).

The binding purchase and sale agreement of 8.18 million shares will be completed before the 5 September deadline, according to a statement by Gulf International Bank (GIB) on Monday.