Saudi Arabia’s PIF acquires 15 pct stake in London’s Heathrow airport

Saudi Arabia’s Public Investment Fund (PIF) has acquired a 15 percent stake in London’s Heathrow Airport, according to an announcement on Thursday.

PIF said it had completed the acquisition of a stake of approximately 15 percent in FGP TopCo, which is the holding company of Heathrow Airport.

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“PIF is pleased to be investing in Heathrow Airport, a vital UK asset and a world-class airport,” Turqi Al-Nowaiser, the deputy governor and head of international investments, said. “We believe in the importance of infrastructure as a key sector in supporting the transition to net zero.”

Al-Nowaiser said Heathrow was a crucial gateway to the world, and PIF was looking forward to supporting the airport’s growth and helping maintain its position as a global aviation hub.

“The investment in Heathrow Airport is in line with PIF’s strategy to support important sectors and businesses as long-term partners as part of its global portfolio of assets,” the PIF statement read.

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