15.10.2019
A consortium of investors including the Russian Direct Investment Fund (RDIF), Russia’s sovereign wealth fund, Saudi Arabia’s state oil company Saudi Aramco and the Kingdom’s sovereign wealth fund - Public Investment Fund (PIF) – have signed transaction documents to acquire from ROSNANO a 30.76% shareholding in Novomet, one of the leading producers of oil-submersible equipment in Russia and globally.
The announcement was made on October 14, 2019, in presence of Russian President Vladimir Putin and King Salman bin Abdulaziz Al Saud of Saudi Arabia.