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FINANCIAL NEWS
Saudi Arabia to invest billions in global tech fund
16 Oct 2016
(MENAFN) Public Investment Fund took strong steps in its mission to support Saudi Vision 2030 in order to launch a strategic partnership with Soft Bank Group Corp.
Additionally, the PIF joined forces with Japanese telecom firm Soft Bank to form a tech investment fund worth USD100bn, making it one of the largest on the planet.
Moreover, Saudi Arabia’s sovereign wealth fund is predicted to put up as much as USD45bn of the money, with Soft Bank throwing in at least USD25bn.
Meanwhile, the new fund reflects the application of PIF’s new plan after restructuring and expanding its financial might from USD160b to USD2tr.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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