Saudi PIF founds $3 bln Saudi-Iraqi investment co - company's acting CEO

Saudi sovereign wealth fund PIF has created a new unit to invest in various industries across Iraq, with a capital of $3 billion and headquarters in Saudi Arabia, the company's acting CEO said on Thursday.

The Saudi-Iraqi Investment Company will invest in areas including infrastructure, mining, agriculture, real estate development and financial services, CEO Muteb Alshathri said during the Saudi-Iraqi Coordination Council held in the kingdom.

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