Friday 19 April 2019

Al Ghurair unit opens new aluminum plant

Royal Engineering Fabrication Company (Refco), a fully-owned subsidiary of the Al Ghurair Group, opened its new aluminum downstream plant at Jebel Ali Industrial Area in Dubai today (November 5). The UAE’s largest aluminum p


Saudi fund PIF takes stake in mortgage firm

Saudi Arabia's state-run Public Investment Fund (PIF) has agreed to take a 20 per cent stake in Real Estate Financing Company (Refco), a board member of the mortgage lender said. 'PIF has agreed to take 20 per cent of Refco's c


Saudi PIF to buy stakes in mortgage lenders

The Public Investment Fund (PIF), the Saudi finance ministry's investment vehicle, plans to take stakes of up to 40 per cent in new mortgage lenders, industry sources said on Saturday. PIF, which is already one of the biggest investors

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