抖阴短视频

RIYADH: The Public Investment Fund (PIF), the 抖阴短视频n sovereign wealth fund, is potentially looking at a windfall profit on its investment in Uber Technologies, the American ride-hailing company, it emerged at the Future Investment Initiative in Riyadh.
Lubna Olayan, head of the Olayan Group conglomerate, highlighted a potential doubling in the value of PIF鈥檚 stake in Uber if the San Francisco firm goes ahead with an initial public offering next year.
Speaking on a panel entitled 鈥淐an global investment inspire a collective vision of the future,鈥� she remarked that PIF first invested $3.5 billion in Uber in 2016 when it was valued at approximately $60 billion.
鈥淣ow the forecast valuations for the IPO are around $120 billion. Congratulations,鈥� she said to Yasir Al-Rumayyan, managing director of PIF.
Al-Rumayyan replied: 鈥淯ber is creating lots of jobs in 抖阴短视频 and making life easier for drivers, customers and shareholders.鈥�
PIF鈥檚 profit on any Uber IPO could be even bigger, because the Saudi organization is a major investor in the SoftBank Vision Fund, which is also holds a sizeable chunk of Uber shares from a later round of fundraising.
Al-Rumayyan told the forum that PIF鈥檚 holdings are on track to be valued at $400 billion by 2020, and $2 trillion by 2030. By then, he said, PIF鈥檚 portfolio would be split 50-50 between domestic and global investments. About 10 percent of PIF鈥檚 funds are currently invested outside 抖阴短视频.
Al-Rumayyan said it was not true that all of PIF鈥檚 investments went into high-tech assets, pointing to its 50 percent stake of a $40 billion infrastructure fund in partnership with US group Blackstone, and the hotel chain Accor.
In 抖阴短视频, PIF wants to broaden its investment in the economy, especially in the tourism and entertainment sectors. 鈥淲e did not have these interests before and we want to enhance these sectors,鈥� Al-Rumayyan said.