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Saudi Arabia: The PIF provides USD 24.5 million to Ma’aden for the establishment of a new firm

Description

On 11 January 2023, the Public Investment Fund (PIF) announced an equity investment of 49 percent in a joint venture with the Saudi Arabian Mining Company (Ma’aden) for the establishment of a new comp...

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Intervention Details

Intervention Type

Capital injection and equity stakes (including bailouts)

MAST Chapter

L: Subsidies (excl. export subsidies)

Implementation date

11 Jan 2023

Revocation date

No revocation date

Implementation level

NFI

Affected flow

Inward

Announced as temporary

No

Eligible firms

firm-specific

Affected Trading Partners

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Affected Sectors

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Affected Products

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