Saudi Arabia’s sovereign wealth fund is set to invest $100 million in Malaysia’s Capital A-owned budget airline AirAsia, Bloomberg News reported on Thursday, citing people familiar with the matter.
The Middle East investment forms the majority of AirAsia’s about 1 billion ringgit ($225.99 million) fundraising target, with the firm also in discussions with potential investors from Singapore and Japan, the media report added.
The report, citing a person familiar with the matter, said the…
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