Maybe they shouldn’t have tried building that line, killing journalists and paying hush money (which worked badly enough that I, a random Cascadian citizen, know about these crimes)?
Saudi Arabia's investment fund reported to be limiting new investments as cash runs low
Submitted 2 days ago by Agent_Karyo@piefed.world to games@lemmy.world
Comments
tanisnikana@lemmy.world 2 days ago
thatKamGuy@sh.itjust.works 1 day ago
It’s not as much a “feel-good” story as comments who haven’t read beyond the headline might make you believe:
The PIF values its total investments at nearly $1 trillion in assets, but a significant percentage of these are hard-to-sell assets with no public valuation; as a result, the NYT reports that the PIF reps have told international investors that it is “unable to allocate” for the near future.
Despite this, a spokesperson for the PIF, Marwan Bakrali, told the newspaper that it had $60 billion in cash and “similar financial instruments”.
flamiera@kbin.melroy.org 1 day ago
Oh are they finally running out of that oil money they're known for?
If so, good, stop throwing your damn weight around and contaminate whatever you touch.
Agent_Karyo@piefed.world 1 day ago
They are not running out of oil money.
They have the best cost per barrel economics out of all countries (at scale) and they still hold a stupid high % of the market (10%+).
Their game investment strategy is of course a massive failure. They will exist in 24-36 months. You don't need to be a financial analyst to understand this.
Cybersec@piefed.social 1 day ago
You hate to see it (love to see it)
ms_lane@lemmy.world 1 day ago
Maybe they’ll finally sell of GlobalFoundries,
JeeBaiChow@lemmy.world 1 day ago
Our former prime minister claimed they also invested heavily in a past election which was gerrymandered up to the neck, that they then proceeded to lose. So sad.
_cryptagion@anarchist.nexus 2 days ago
uh…..