Saudi Arabia - Alat, a unit of Saudi wealth fund PIF, today (February 24) entered into an agreement with TK Elevator (TKE), a global leader in vertical transportation and urban mobility, for setting ...

Saudi Tech Firm Alat Buys 15% Stake in Germany's TK Elevator (February 24) (This Feb. 24 story has been corrected to say 160 million euros, not $160 million, in paragraph 1) (Reuters ...

(Bloomberg) -- Alat, a unit of Saudi Arabia’s sovereign wealth fund, has bought 15% of TK Elevator and unveiled a joint venture that will make escalators and moving walkways, as the kingdom ...