Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), is considering investing as much as $45bn over the next five years in a new high tech SoftBank Vision Fund. The fund was launched by Japan’s SoftBank Group Corporation, according to a non-binding MoU signed by the Saudi Deputy Crown Prince Muhammad bin Salman and the Japanese group. The SoftBank Group said that it will invest as much as $25bn in the fund, which will be based in London, with other large global...
Saudi Arabia Eyes Investment In High Tech Fund
Published on Fri, 21 Oct 2016 - Volume: 59 Issue: 42Print
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