May 14 (Reuters) - BLACKROCK INC ( BLK ):

* BLACKROCK AND PIF CONTINUE STRATEGIC COLLABORATION TO

FURTHER

DEVELOP AND ACCELERATE GROWTH OF CAPITAL MARKETS IN SAUDI ARABIA

* BLACKROCK ( BLK ), PIF SIGN NON-BINDING LETTER OF INTENT (LOI) TO

FORMALIZE THEIR STRATEGIC COLLABORATION THROUGH POTENTIAL NEW

ALLOCATIONS TO BLACKROCK RIYADH INVESTMENT MANAGEMENT (BRIM)

PLATFORM

* COLLABORATION INCLUDES THE LAUNCH OF AN INDEX MANDATE

FOCUSED ON

SAUDI EQUITIES

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