SAUDI Arabia’s sovereign wealth fund is poised to invest about US$100 million in Malaysian carrier group AirAsia, according to people familiar with the matter, strengthening the Gulf kingdom’s ties with a region that’s a major source of tourism.
The Public Investment Fund (PIF) would play the single biggest role in an AirAsia fundraising targeted at around RM1 billion (S$301 million), said the people, who asked not to be named with discussions ongoing. The Malaysian airline group is…
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