An Introduction to Due Diligence for SBJBC Members
Saudi outbound investment has grown dramatically over the past decade and has become increasingly varied across all sectors. The Public Investment Fund (PIF) holds estimated total assets of around US$1.15 trillion, making it the 5th largest sovereign wealth fund, and Saudi-listed corporates, family offices, and private companies now deploy capital across major international markets in record volumes. This paper, the second in the SBJBC and Garancie Due Diligence Series, sets out the obligations that apply when a Saudi investor is exploring the deployment of capital for an international investment. It covers the Saudi laws that follow an investor abroad, the foreign regimes that apply in destination markets, the core pre-transaction checks, and one example of what happens when those checks are absent.
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