BlackRock Inc. (BLK) enters into an agreement with Public Investment Fund (PIF) to establish a Riyadh-based multi-asset class investment platform. The platform will be backed by an initial cash injection of up to $5 billion by the PIF, subject to certain milestones achieved.BlackRock Saudi Arabia intends to establish BlackRock Riyadh Investment Management (BRIM) in collaboration with PIF to encompass investment strategies across a diverse range of asset classes, which would be managed by a Riyadh-based port ...