The $300 billion Public Investment Fund (PIF) sent banks a request in recent weeks to come up with proposals on how to go ahead with a sale of Elm shares to the public, said two of the sources, declining to be named as the matter is not public. … [Read more...] about Saudi Arabia’s wealth fund seeks IPO of information security firm Elm: Sources
"Starting Thursday, 28 May, the next measures will be implemented to allow a full return to normal life", he said during a press conference on Monday. As part of the exit strategy, the Saudi health authorities plan to step up testing and increase capacities for treating patients with severe coronavirus disease. … [Read more...] about Saudi Arabia to Ease Coronavirus Restrictions on Thursday
This round of investors includes Kingdom Holding Company, Rotana Group, Access Industries, Orange and LBO France. Deezer has also entered into an exclusive long-term partnership with Rotana, a media leader in the Middle East, to distribute the Saudi Arabia-based company’s audio and visual content in the Middle East and North Africa. … [Read more...] about Deezer Raises $185M, Enters Partnership With Saudi Arabia-Based Rotana
A Saudi public prosecutor's spokesman said late last year that 21 Saudis had been taken into custody over the case, 11 of whom had been indicted and referred to trial. The prosecutor has said authorities were seeking the death penalty for five of the 11 indicted suspects. … [Read more...] about Saudi Crown Prince told a top aide he would use ‘a bullet’ on Jamal Khashoggi one year before the journalist’s murder, in a report published a day before Trump must decide if Mohammed bin Salman is to blame
— Benedict Evans (@benedictevans) October 16, 2018 It’s a far different deal when the check hasn’t been written yet. SoftBank executive Marcelo Claure said Tuesday at a conference in San Jose that the Japanese technology investment firm is “anxiously looking” at the Khashoggi situation, Reuters’ Stephen Nellis reported. SoftBank has not yet closed a second, $100 billion Vision Fund to which the Saudis have committed $45 billion, and its shares have fallen this week under the Saudi cloud. … [Read more...] about Why doesn’t Silicon Valley just give Saudi Arabia its money back?
KING ABDULLAH ECONOMIC CITY, Saudi Arabia (AP) — Top-ranked golfer Justin Rose opted against delving into the political ramifications of the decision to stage a European Tour event in Saudi Arabia, saying Wednesday he was happy to play in the tournament to “support growing the game.” … [Read more...] about Rose swerves political controversy over Saudi golf event