BRIEF-Saudi Launches Boutique Group To Develop Historical And Cultural Palaces Into Luxury Hotels - PIF

PUBLIC INVESTMENT FUND (PIF):

* SAUDI LAUNCHES BOUTIQUE GROUP (A PIF COMPANY) TO DEVELOP HISTORICAL AND CULTURAL PALACES IN THE KINGDOM INTO LUXURY BOUTIQUE HOTELS TO ENHANCE THE KINGDOM'S POSITION AS A LEADING TOURIST AND CULTURAL DESTINATION

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