On Thursday, the Saudi Public Investment Fund (PIF) announced the completion of its acquisition of approximately 15% of shares in FGP Topco Limited, the parent company of London’s Heathrow Airport.

The fund disclosed that the acquisition was finalized through the purchase of shares from Ferrovial S.A. and other shareholders, although the total value of the deal was not disclosed.

Turki Al-Nuwaiser, Director of the International Investments Department at the PIF, stated in the announcement that Heathrow Airport is a prominent global asset and represents a world-class airport in the United Kingdom.

Al-Nuwaiser added, "We believe in the importance of the infrastructure sector in enabling the transition to net-zero, and we look forward to supporting Heathrow Airport's management as it strives to enhance sustainable growth and maintain its position as a leading international transport hub."

This investment aligns with PIF's strategy to strengthen key sectors and companies through long-term partnerships within its portfolio of international investments.