Pfizer buys an investment company in Saudi Arabia

PFLP, the world’s largest publicly traded pension fund, on Tuesday said it had acquired a Saudi pension fund that it says could boost its overall stake in the country’s sovereign wealth fund.

The investment company, AIG, is the largest private equity firm in the Middle East, with assets of more than $1 trillion.

It is also the largest pension fund in the United States.

Pfizer’s deal with AIG is subject to regulatory approvals in the U.S., which are expected to be completed this month, according to people familiar with the matter.

PFLG said in a statement it expects to complete the approvals within a month.PFLG is the first publicly traded U.K.-based pension fund to make a deal with a Saudi investment firm.

In 2016, the company announced plans to merge with a publicly traded private equity company.

The deal comes as PFLZ and AIG are in the midst of their own merger discussions.

AIG said last year it was looking to spin off the UBS fund that manages assets in its Pfund, which will now be overseen by a separate entity.PFA’s move follows a yearlong U.N. crackdown on the oil and gas sector.

The U.A.E. has been grappling with a decline in global oil prices, and many companies have cut staff and shut operations as a result.

PflG said the company is working to make PFA’s investment in the Saudi fund a “full-featured investment” in order to “enhance our existing investment portfolio.”

The firm has more than 500,000 employees worldwide, according, and it has $2.6 trillion in assets under management.