Brookfield Asset Management Ltd. (TSE:BAM) Given Average Rating of "Buy" by Brokerages
The fund will invest in financial, industrial and technology deals, with about half its capital allocated to Saudi Arabia, Brookfield said.
- On Monday, global investment firm Brookfield launched a $2 billion private equity fund backed by the Public Investment Fund , targeting 50 per cent of investments in Saudi Arabia.
- CEO Bruce Flatt cited strong demand for private equity across the Gulf, saying "we see a compelling opportunity to partner with businesses across the region and position them for long-term growth."
- PIF's deputy governor Yazeed A. Al-Humied said the partnership will "accelerate deal flow" while bringing expertise to the capital market, as Brookfield also joined a $16 billion pipeline deal with Kuwait Petroleum Corporation.
- Separately, Brookfield is scaling up wind project investments in southern India, prioritizing states with robust transmission networks, Nawal Saini, head of India energy at Brookfield, told reporters on Tuesday.
- Brookfield operates about 12 gigawatts of renewable energy and is working to expand to 45 gigawatts, while Arpit Agrawal, head of India infrastructure at Brookfield, noted AI data center capacity could grow fourfold to six gigawatts within five years.
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12 Articles
Brookfield Bets on Grid-Ready Indian States for Green Investment
Brookfield Asset Management Ltd. will channel renewable energy investments in India into states with robust transmission networks as grid bottlenecks in some regions are stifling wind and solar generation.
Brookfield Asset Management Ltd. (TSE:BAM) Given Average Rating of "Buy" by Brokerages
Shares of Brookfield Asset Management Ltd. (TSE:BAM - Get Free Report) (NYSE:BAM) have been given an average recommendation of "Buy" by the five ratings firms that are presently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation,
Mobily in early talks with PIF entity to sell telecom towers
Etihad Etisalat Company (Mobily) has confirmed it is in early talks with Tawal, Saudi Arabia’s largest telecommunications infrastructure company, about selling telecom towers. The clarification follows a Semafor report that Tawal, owned by the Public Investment Fund (PIF), is in discussions to acquire more than 10,000 tower sites from the kingdom’s second-largest mobile operator, citing unidentified sources. “Preliminary discussions have taken p…
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