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Saudi's PIF invested in 50-60 firms via SoftBank fund: director

October 23, 2018 12:12 PM
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RIYADH (Reuters) - The Public Investment Fund, Saudi Arabia’s sovereign wealth fund, has invested in 50 or 60 companies via SoftBank Group’s (9984.T) Vision Fund and will bring most of those firms to the kingdom, managing director Yasir al-Rumayyan said on Tuesday.

The state fund has agreed to invest $45 billion in the giant tech fund led by SoftBank and the pair are also working with other parties on a number of large-scale, multi-billion dollar projects relating to the solar industry.

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