BlackRock and the Public Investment Fund have announced the launch of a new series of joint investment funds covering diverse asset classes, including Saudi equities and fixed-income instruments in the Middle East and North Africa region.
Global and local investors will be able to invest in these products through BlackRock Riyadh Investment Management, an investment platform launched in 2024.
The two companies stated in a joint announcement: “BlackRock’s investment offerings in the Middle East now include a wide range of asset classes in public and private markets, including infrastructure, contributing to the enhancement of capital markets in the Kingdom and supporting the objectives of Saudi Vision 2030.”
Portfolio managers based in Riyadh oversee these strategies, highlighting efforts to develop expertise in the local financial sector.
BlackRock also announced that it has nearly tripled its workforce in Riyadh since April 2024 and expanded its global graduate training program for analytical skills, with the third cohort of participants expected to join in 2026.
