Saudi sovereign wealth fund announces $2 billion deal for new Brookfield Middle East platform [MSNBC.com]
Brookfield Corporation Class A Limited Voting Shares (BN)
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Source: MSNBC.com
Saudi Arabia's Public Investment Fund on Wednesday signed a memorandum of understanding with Brookfield Asset Management, under which the wealth fund will serve as a strategic anchor investor for the asset manager's newly announced private equity vehicle for the region, Brookfield Middle East Partners.Signed at the eighth edition of Future Investment Initiative, Saudi Arabia's flagship annual economic conference in Riyadh, the non-binding agreement marks the kingdom's latest push for financial partnerships that boost private equity investment and economic development within its borders.Brookfield Middle East Partners (BMEP) "will target $2 billion from a variety of investors, and intends to target buyouts, structured solutions and other investment opportunities across a range of strategic sectors including industrials, business and consumer services, technology and healthcare," a joint press release from the PIF and Brookfield read. The move is in line with Saudi Arabia's recently-upd
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News
- Brookfield Announces Steps to Enhance Corporate Structure and Broaden Shareholder Ownership of Brookfield Asset Management [Canadian Business Journal (Canada)]Canadian Business Journal
- Brookfield Announces Steps to Enhance Corporate Structure and Broaden Shareholder Ownership of Brookfield Asset Management [Yahoo! Finance]Yahoo! Finance
- Brookfield Announces Steps to Enhance Corporate Structure and Broaden Shareholder Ownership of Brookfield Asset ManagementGlobeNewswire
- Brookfield Announces Steps to Enhance Corporate Structure and Broaden Shareholder Ownership of Brookfield Asset ManagementGlobeNewswire
- Brookfield invests $2.3-billion in U.K.-based offshore wind farm operations [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
BN
Earnings
- 8/8/24 - Miss
BN
Sec Filings
- 10/15/24 - Form 6-K
- 10/9/24 - Form 6-K
- 10/8/24 - Form 6-K
- BN's page on the SEC website