Previous close | 3.4000 |
Open | 3.5900 |
Bid | 0.0000 |
Ask | 0.0000 |
Strike | 780.00 |
Expiry date | 2024-05-10 |
Day's range | 3.4000 - 3.5900 |
Contract range | N/A |
Volume | |
Open interest | 31 |
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 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 YearsWall Street Hit by Fed Jitters to Close Wild April: Markets WrapBinance and CZ’s Fortunes Are Set to Grow, Even in JailTesla Axes Most of
BlackRock's first tokenized offering, created with Securitize, has captured almost 30% of the $1.3 billion tokenized Treasury market in just six weeks.