4 November 2024 – MUFG and The Public Investment Fund (“PIF”) of Saudi Arabia have today announced that they signed a memorandum of understanding (“MoU”) to collaborate on opportunities of mutual interest to both MUFG and PIF.
The MoU will promote regular engagement between MUFG and PIF, focusing on sectors in which MUFG has strong expertise, notably infrastructure and project financing. This will also include facilitating PIF’s effort to explore opportunities in Japan in support of Saudi Vision 2030.
Fumitaka Nakahama, Chief Executive and Senior Managing Corporate Executive, Global Corporate and Investment Banking, MUFG, said: “We are delighted to have signed this agreement with PIF. This MoU formalises our existing strong collaborative partnership and demonstrates our collective ambitions to deepen our working relationship. We look forward to facilitating PIF’s evolving financing needs in support of their long-term goals.
“This signing is testament to our ongoing commitment to Saudi Arabia and the wider MENA region where we are supporting clients across a range of sectors along with facilitating access to investment opportunities in Japan.”
Photo Caption:
(Back, Standing L-R): Fumitaka Nakahama, Chief Executive and Senior Managing Corporate Executive, Global Corporate and Investment Banking, MUFG and Fahad AlSaif, Head of Global Capital Finance Division, Head of Investment Strategy and Economic Insights Division, PIF
(Front, Sitting L-R): Wael Al Sharif, Head of Global Corporate and Investment Banking for Middle East and North Africa, MUFG and Rasees AlSaud, Head of Financial Institutions and Investor Relations, PIF
About MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world’s leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,000 locations in more than 40 countries. The Group has about 120,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to “be the world’s most trusted financial group” through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG’s shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit World-leading bank with financial strength and a global network | MUFG EMEA.