On May 14, Neuberger Berman announced the signing of a memorandum of understanding with the Saudi Public Investment Fund (PIF) to support up to $6 billion in investments in Saudi Arabia through collaboration, and to launch a multi-asset investment management platform based in Riyadh, accelerating the growth of the Saudi and Middle Eastern Capital Markets.
Neuberger Berman is collaborating with the Saudi Public Investment Fund on a $6 billion investment plan to promote the growth of the Saudi and Middle Eastern Capital Markets.
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