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Oct 8 (Reuters) – Saudi Arabia’s Public Investment Fund (PIF) said on Sunday that it has partnered with the Saudi Electricity Company (SEC) (5110.SE) to launch an electric vehicle infrastructure company.
“PIF will own a 75% stake in the Company, while SEC will hold the remaining 25% stake,” the soveriegn wealth fund said in a statement.
Reporting by Hatem Maher; Editing by Hugh Lawson
Our Standards: The Thomson Reuters Trust Principles.
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