Raid Ismail, Head of Direct Investments for the Middle East and North Africa, the general public Investment Fund (PIF), stated the brand-new entity occurring from the merger of TAWAL and Golden Lattice Investment Co. (GLIC) might be used to the general public in the Saudi market.
Speaking with Al-Arabiya, Ismail stated the acquisition of telecom towers is a crucial action to support the telecom sector.
stc Group signedva sale and purchase contract (SPA) with the PIF to offer 51% of Telecommunication Towers Company Limited (TAWAL) for money, Argaam previously reported.
TAWAL and GLIC will be combined to form the area’s biggest telecom tower business to finest serve customers.