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Saudi wealth fund takes $15.6bn hit from SoftBank and tech
Saudi Arabia’s sovereign wealth fund reported a $15.6bn comprehensive loss for 2022 after the value of its investments in SoftBank Vision Fund plunged and other tech ventures were hit by a market downturn. The Public Investment Fund, or PIF, made an income of $25.4bn the year before, according to an…
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Click here to read the full story: Gulf Business