Saudi Arabia’s PIF invests $500 mln in Digital Fibre Infrastructure Trust

Saudi Arabia’s Public Investment Fund (PIF) invested $500 million (SAR 1.88 billion) in the Digital Fibre Infrastructure Trust (DFIT).

Earlier this year, the PIF signed a definitive agreement to acquire a 2.32% stake in India’s Jio Platforms for nearly $1.5 billion, data compiled by Argaam showed.

The deal comes in line with the fund’s strategy to invest in the sectors and companies that yield higher long-term financial returns.