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Northern Trust AM to expand in Saudi Arabia

Summary by Funds-europe.com
Chicago-based Northern Trust Asset Management and Saudi Arabia’s sovereign wealth fund PIF have signed a memorandum of understanding that will see Northern Trust expand in the Middle East kingdom. The agreement, which expects to see the launch of an up to US$1 billion Saudi mandate, aims to support growth in Saudi Arabia’s capital markets and
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funds-europe.com broke the news in on Thursday, May 15, 2025.
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