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Investor Relations
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FinancialNews
26-02-18
KSA: Public Investment Fund in talks over USD400m investment in Magic Leap
(MENAFN) Saudi Arabian Public Investment Fund was revealed to be negotiating an USD400 million investment in US-based Magic Leap.
The discussed agreement is expected to drive Magic Leap fundraising to reach an overall of USD2.3 billion.
Citing sources, The Financial Times reported the agreement to be anticipated for disclosure within the upcoming weeks.
The Saudi sovereign wealth fund has been seeking to support the hard work made by Crown Prince Mohammed bin Salman to expand economy beyond the oil sector.
MENAFN2602201800450000ID1096517603
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