Saudi PIF plans expansion outside Riyadh, eyes 40 percent stake in ACWA Power
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ABU DHABI (Reuters) - The Public Investment Fund, the Saudi sovereign wealth fund, plans to boost hiring and open offices in overseas market, its managing director said on Wednesday.It also plans to raise its stake in ACWA Power, Yasir al-Rumayyan told a conference in Abu Dhabi.The fund plans to boost its staff to 700 by the end of the year from 450 now, and is seeking to open offices in London and in the United States - initially in New York and then in San Francisco.The fund also plans to..