Bloomberg says PIF could buy Saudia
- BTN News
- Friday, 22 March 2024
Saudi Arabia’s sovereign wealth fund the Public Investment Fund (PIF) could buy the kingdom’s national airline Saudia, Bloomberg says.
PIF oversees US$925 billion in assets and aims to turn Saudi Arabia into a tourist hub and diversify its economy away from oil.
Saudia has a fleet of 144 aircraft — 93 Airbus and 51 Boeings — and flies to more than 100 destinations.
