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Saudi PIF says open to more big ticket investments like Uber

Published 10/25/2017, 04:01 AM
Updated 10/25/2017, 04:10 AM
© Reuters. Saudi Arabia's Public Investment Fund managing director Yasir al-Rumayyan speaks at the Bloomberg Global Business Forum in New York

RIYADH (Reuters) - The head of Saudi Arabia's main sovereign wealth fund said on Wednesday that the vehicle was open to investing in more big ticket investments like U.S. ride services company Uber [UBER.UL].

Asked whether to expect more big ticket investments like this, Public Investment Fund (PIF) Managing Director Yasir Al Rumayyan told reporters: "Yes, we are open to everything."

© Reuters. Saudi Arabia's Public Investment Fund managing director Yasir al-Rumayyan speaks at the Bloomberg Global Business Forum in New York

He was speaking on the second day of a major investment conference in the capital Riyadh. Last year PIF invested $3.5 billion in Uber.

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