{"id":89157,"date":"2024-08-29T00:00:00","date_gmt":"2024-08-29T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/29\/a-mixed-bag-of-saudization-pif-and-israel\/"},"modified":"2024-08-29T00:00:00","modified_gmt":"2024-08-29T00:00:00","slug":"a-mixed-bag-of-saudization-pif-and-israel","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/08\/29\/a-mixed-bag-of-saudization-pif-and-israel\/","title":{"rendered":"A mixed bag of Saudization, PIF, and Israel"},"content":{"rendered":"

Foreign law firms talk Saudization quota:<\/strong> British law firms are concerned about being squeezed out of the country as they struggle to meet regulatory requirements to ensure that 70% of their lawyers are Saudi nationals, up from a previous quota of 50%, the Telegraph reports<\/a>. Foreign firms operating in the Kingdom are collectively competing for \u201ca limited number of Saudi nationals that are practicing at the required standard to work at a law firm,\u201d one legal recruitment professional said. <\/p>\n

The Public Investment Fund (PIF) was among the co-investors who incurred losses in<\/strong> Vista Equity Partners<\/a><\/strong>' 2021 acquisition of <\/strong>Pluralsight Inc.<\/a><\/strong>,<\/strong> which culminated in a USD 4 bn loss after a recent debt restructuring, Bloomberg<\/a> reports, citing unnamed sources familiar with the matter. The business information service couldn\u2019t determine the exact size of PIF\u2019s loss.<\/p>\n

T<\/strong>he <\/strong>Financial Times<\/a><\/strong> is out with a piece on Saudi Arabia\u2019s condemnation of Israeli<\/strong> National Security Minister Itamar Ben-Gvir\u2019s <\/strong>\u201cextremist and inflammatory\u201d remarks <\/strong>backing the idea of building a synagogue at Al Aqsa mosque. The comments by the ultranationalist minister also earned him reproach from within his own government, with a Netanyahu government-aligned paper labeling him as a \u201cpolitical pyromaniac,\u201d the salmon-colored paper said.<\/p>\n","protected":false},"excerpt":{"rendered":"

Foreign law firms must now have 70% Saudi lawyers, up from the previous 50%<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2561],"tags":[10,1151,229,685],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89157","post","type-post","status-publish","format-standard","hentry","category-saudi-in-the-news","tag-enterpriseam-ksa","tag-public-investment-fund-pif","tag-saudi-in-the-news","tag-saudization","wpautop","entry"],"acf":{"mongo_id":"c8f56855-c922-418b-ae61-b634cfb31cd2","order":"9","is_powered_by":false,"story_type":"1","photo_url":"","photo_position":"above","homepage_title":"","full_issue_title":"A mixed bag of Saudization, PIF, and Israel","related_issue":[89140],"teaser":"Foreign law firms must now have 70% Saudi lawyers, up from the previous 50%","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.381e12af-a176-4991-83e6-09f6a90d5af7.mp3"},"yoast_head":"\nA mixed bag of Saudization, PIF, and Israel - 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