Saudi Arabia NEOM Investment Fund (NIF) will hold 6% of Technogym share capital after an 111-million-euro ($120.83 million) investment. This move signifies the continued expansion of Saudi Arabia's sovereign wealth fund, the Public Investment Fund (NASDAQ:PFI), which is actively seeking lucrative investments worldwide.
What's new: Saudi Arabia's sovereign wealth fund, Public Investment Fund (NASDAQ:PFI), is considering setting up offices on the Chinese mainland. This potential move highlights the fund's interest in expanding its presence in the global market and exploring new investment opportunities in China.
The NIF's investment in Technogym demonstrates its focus on diversifying its investment portfolio and targeting companies in various sectors. Technogym, a leading global provider of fitness equipment and technology, presents a promising opportunity in the health and wellness industry.