Public Investment Fund denies buying stake in UAE Utico company

Public Investment Fund denies buying stake in UAE Utico company

Thursday 1438/3/30 – 2016/12/29

Riyadh, Rabi’I 30, 1438, December 29, 2016, SPA — The Saudi Public Investment Fund today denied media reports on its purchase of a stake in the company (Utico) of the UAE.
An official source at the fund stated that what was mentioned about the fund’s entering into a binding agreement with the company (Utico) has no basis in truth.
–SPA
01:52 LOCAL TIME 22:52 GMT