The Saudi Public Investment Fund announced that it has reached an agreement with Ferrovial SA to purchase a 10% stake in FGB Topco, the holding company of Heathrow airport, "Heathrow Airport Holding Company Limited".

Under the agreement, PIF will acquire a 10% stake in fgbtopco, while Ardian will acquire a 15% stake in fgbtopco, through its Managed Infrastructure Funds, where PIF and Ardian will invest separately.

The transaction is subject to specific conditions, including the priority rights to purchase and the rights to participate in the sale that can be exercised by the existing shareholders of FGB Topco, in accordance with the provisions of the shareholders agreement, in line with the company's rules and procedures, in addition to other approvals from the relevant and concerned authorities.

PIF is looking forward to the opportunity to invest in Heathrow Airport, which is one of the most important airports in the world, as it enjoys a strategic and global position.PIF's investment in Heathrow Airport is in line with its strategy to support sectors and companies through long-term investments.

Heathrow is also one of the busiest airports in the world, connecting the UK with other trading partners around the world to support and stimulate economic growth globally.