New entity from TAWAL-GLIC merger may be offered to public: PIF

Logo of Public Investment Fund (PIF)

Raid Ismail, Head of Direct Investments for the Middle East and North Africa, the Public Investment Fund (PIF), said the new entity arising from the merger of TAWAL and Golden Lattice Investment Co. (GLIC) may be offered to the public in the Saudi market.
 

Speaking to Al-Arabiya, Ismail said the acquisition of telecom towers is an important step to support the telecommunications sector.
 

For More IPOs
 

stc Group signedva sale and purchase agreement (SPA) with the PIF to sell 51% of Telecommunication Towers Company Limited (TAWAL) for cash, Argaam earlier reported.

 

TAWAL and GLIC will be merged to form the region’s largest telecom tower company to best serve consumers.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Related News

PIF inks deal to acquire stake in stc’s TAWAL for SAR 8.7B, creates world's largest tower company


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request