Saudi Arabia to launch multi-asset investment management platform

Saudi Arabia announced the plan to launch a Riyadh-based multi-asset investment management platform on Tuesday. Under a memorandum of understanding (MoU) signed by BlackRock Saudi Arabia and the Saudi Public Investment Fund (PIF), BlackRock will establish a Riyadh-based multi-asset class platform named BlackRock Riyadh Investment Management (BRIM), according to a…