Saudi PIF’s SEIC eyes raising stake in e-finance to 28%

Updated 9/20/2023 8:28:00 AM
Saudi PIF’s SEIC eyes raising stake in e-finance to 28%

Arab Finance: The Saudi Egyptian Investment Company (SEIC), owned by the Saudi state-owned Public Investment Fund (PIF), is planning to raise its stake in e-finance for Digital and Financial Investments to around 28%, sources familiar with the matter told Asharq Business.

On September 19th, the SEIC announced raising its stake in e-finance to around 25.02%, noting that this investment plan would not affect e-finance’s business.

It is worthy to note that the PIF acquired a 25% stake in e-finance in 2022.

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