News

Robert Kapito, Chairman of BlackRock, the world’s largest asset management company, stated that there is $18 trillion in cash sitting idle in financial funds worldwide, which needs to be directed toward investments across various sectors. He noted that a portion of his company’s investments will go to Saudi Arabia because it "offers long-term returns."

Bloom Invest has announced the completion of its acquisition of a 48% stake in Qannas Arabia, a joint-stock company specializing in catering and food services, through its private equity investment fund, the Bloom Catering Fund.