image description
image description
Tell A Friend

FinancialNews


  • 21-05-17

    Saudi tech fund-Softbank raises USD93bn to invest in tech sectors

    (MENAFN) Japan's Softbank Group and Saudi Arabia's major sovereign wealth fund proclaimed that it had raised more than USD93bn to invest in tech sectors like artificial intelligence and robotics.

    Meanwhile, the new fund's investors involve Abu Dhabi's Mubadala Investment, which has committed USD15bn, Apple Inc., Qualcomm, Taiwan"s Foxconn and Sharp Corp.

    Accordingly, the new fund would seek to purchase minority and majority interests in both private and public firms, from emerging businesses to established, multi-billion-dollar firms.

    In addition, it also aims for USD100bn or more of committed capital and predicts to finish its money-raising in six months.

    MENAFN2105201700450000ID1095494820

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved