Authorization

Saudi Arabia is investing another $45 billion with SoftBank

Saudi Arabia is investing another $45 billion with SoftBank
REUTERS/Amir Levy



Saudi Arabia's sovereign fund the Public Investment Fund (PIF) is making a second $45 billion investment in SoftBank's Second Vision Fund, Bloomberg reports.




Crown Prince Mohammed bin Salman said in an interview that the PIF wants to be a key player in SoftBank's next fundraise, because it has seen "huge benefit" from the first one.




Bin Salman set up the first $100 billion SoftBank Vision Fund with CEO Masayoshi Son.



Saudi Arabia is investing another $45 billion in SoftBank's second Vision Fund, Bloomberg reports.
Mohammed bin Salman, chairman of the Public Investment Fund (PIF) and Crown Prince of Saudi Arabia told Bloomberg that the fund wants to be a key investor in the next $100 billion fund that Softbank CEO Masayoshi Son plans to raise — bringing the PIF's investment in the two funds to a total of $90 billion.
Bin Salman told Bloomberg that the PIF's first investment had paid off. "We have a huge benefit from the first one," he said. "We would not put, as PIF, another $45 billion if we didn’t see huge income in the first year with the first $45 billion."
See also:
Leave a comment
News
  • Latest
  • Read
  • Commented
Calendar Content
«    Октябрь 2022    »
ПнВтСрЧтПтСбВс
 12
3456789
10111213141516
17181920212223
24252627282930
31