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BlackRock, Inc. (BLK)
| Previous close | 761.28 |
| Open | 758.04 |
| Bid | 757.58 x 1000 |
| Ask | 758.77 x 900 |
| Day's range | 755.37 - 761.45 |
| 52-week range | 596.18 - 845.00 |
| Volume | |
| Avg. volume | 611,735 |
| Market cap | 112.959B |
| Beta (5Y monthly) | 1.37 |
| PE ratio (TTM) | 19.29 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 20.40 (2.68%) |
| Ex-dividend date | 06 Mar 2024 |
| 1y target est | N/A |
- Reuters
BlackRock to launch PIF-backed Saudi investment platform
The world's largest asset manager BlackRock said on Tuesday it plans to launch a new investment platform in Saudi Arabia, backed by up to $5 billion from Saudi sovereign wealth fund the Public Investment Fund (PIF). BlackRock and PIF said they had signed a memorandum of understanding under which BlackRock would establish a Riyadh-based multi-asset investment platform, anchored by PIF's initial cash injection, subject to certain agreed milestones being hit. The two parties said the platform would accelerate growth of Saudi Arabia's capital markets, with a Riyadh-based investment team looking to raise additional funds locally and overseas.
- Bloomberg
BlackRock to Get $5 Billion From PIF to Boost Presence in Saudi Arabia
(Bloomberg) -- BlackRock Inc. is set to get as much as $5 billion from Saudi Arabia’s sovereign wealth fund to invest in the Middle East and build a Riyadh-based investments team, one more sign that the world’s largest asset manager is intensifying efforts to grow in the kingdom.Most Read from BloombergHSBC CEO Quinn Unexpectedly Steps Down After Almost 5 YearsTesla Soars on Tentative China Approval for Driving SystemStocks Trade for 390 Minutes a Day. Increasingly, Only 10 MatterBinance and CZ’
- CoinDesk
BlackRock's BUIDL Becomes Largest Tokenized Treasury Fund Hitting $375M, Toppling Franklin Templeton's
BlackRock's first tokenized offering, created with Securitize, has captured almost 30% of the $1.3 billion tokenized Treasury market in just six weeks.
