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Saudi's PIF acquires 30% equity in Masdar to boost construction growth
Posted on February 13, 2025 |
PIF bought a 30% stake in Masdar for Building Materials Company by subscribing to new shares through a capital increase.
This investment will help Masdar upgrade its operations with digital tools, provide a better customer experience, and improve efficiency.
Masdar plans to grow its business and build new partnerships to strengthen its role in the building materials market.
The company will work with more local suppliers to support small businesses and meet market demands.
PIF aims to support key industries in Saudi Arabia through this strategic investment.
This move aligns with Saudi Vision 2030, which focuses on diversifying the economy and boosting the construction materials sector.