PIF and JLL Seal Strategic Deal for Significant Stake in FMTECH

Public Investment Fund (PIF) and Jones Lang LaSalle (JLL) announced a strategic transaction under which JLL has acquired a significant stake in Saudi Facility Management Company (FMTECH), a PIF portfolio company, while PIF retains a majority stake.

The transaction follows the launch of FMTECH in 2023 as a national integrated facility management company serving PIF portfolio companies, as well as public and private sector clients across Saudi Arabia. The deal remains subject to customary closing conditions.

The investment represents a major boost to the growth of Saudi Arabia’s facility management sector, enabling FMTECH to leverage JLL’s global network, operational expertise, and advanced digital facility management platforms.

By integrating JLL’s global operating systems and technologies, FMTECH aims to significantly elevate service quality, efficiency, and transparency across its delivery model, while creating new commercial opportunities and localizing knowledge and technologies.

The transaction aligns with PIF’s strategy to attract local and international investments into its portfolio companies, supporting economic transformation and long-term sustainable value creation in the Saudi market.