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Saudi Arabia’s Public Investment Fund (PIF) plans to invest $100 million in Malaysia’s AirAsia, sources reveal, boosting Gulf tourism ties. This move aligns with the Kingdom’s efforts to deepen partnerships in Asia, a key tourism market. PIF will lead AirAsia’s 226 million fundraising effort, according to a report from Bloomberg…
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Saudi PIF Eyes $100M Investment in AirAsia to Boost Regional Tourism
Ahmed Ghandour
05:21
Saudi Arabia’s Public Investment Fund (PIF) plans to invest $100 million in Malaysia’s AirAsia, sources reveal, boosting Gulf tourism ties. This move aligns with the Kingdom’s efforts to deepen partnerships in Asia, a key tourism market. PIF will lead AirAsia’s 226 million fundraising effort, according to a report from Bloomberg…
