Saudi Wealth Fund's ALAT Unit Expands Influence with 15% Stake in TK Elevator

In a significant move that emphasizes its growing investment ambitions, the Public Investment Fund (PIF) of Saudi Arabia has announced the acquisition of a 15% stake in TK Elevator, a prominent German firm celebrated for its modern elevator and escalator solutions. This strategic investment highlights PIF’s commitment to diversifying its portfolio and strengthening ties with leading global companies.

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