SoftBank collects $100bn for Saudi JV

Riyadh – Mubasher: SoftBank Group Corp. CEO, Masayoshi Son, said that it approached collecting $100 billion for the technology fund agreed on with the Saudi government.

In October, SoftBank announced that it will invest $25 billion in its joint venture with Saudi Arabia’s Public Investment Fund, while Saudi Arabia committed $45 billion, so that the remaining $30 billion will be left for the investors.

Mubasher Contribution Time: 05-Dec-2016 05:56 (GMT)
Mubasher Last Update Time: 05-Dec-2016 05:56 (GMT)