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Saudi Wealth Fund Says Not Considering Loan for Uber Stake

  • Saudi Wealth Fund Says Not Considering Loan for Uber Stake Jun 4, 2016
  • People familiar with the matter said Saudi Arabia’s sovereign wealth fund is weighing a loan of as much as $3 billion for its investment in Uber.
  • Talks are at an early stage and the PIF hasn’t decided whether to proceed with the loan, the people said.
  • The Public Investment Fund isn’t considering a loan and its investment in Uber Technologies Inc. wasn’t funded by a loan or any other form of borrowing, it said in a statement Friday.
  • The PIF, as the fund is known, held preliminary talks with local and international banks about borrowing between $2 billion and $3 billion, the people said, asking not to be identified as the plans are private.

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@SultanAlQassemi: “I wish Saudi invested this $3.5B in local start ups — Saudi Wealth Fund Says Not Considering Loan for Uber Stake”


The Public Investment Fund isn’t considering a loan and its investment in Uber Technologies Inc. wasn’t funded by a loan or any other form of borrowing, it said in a statement Friday.


Saudi Wealth Fund Says Not Considering Loan for Uber Stake