Saudia

Saudia

Saudi Arabia's massive wealth fund in talks to acquire national airline

Saudi Arabia's Public Investment Fund, which oversees $925 billion in assets, is reportedly in discussions to acquire national airline Saudia. This move aligns with the fund's strategy to invest in tourism and transport sectors, aiming to further boost the country's economy.

By acquiring Saudia, the wealth fund could potentially enhance the airline's operations and expand its reach, contributing to the growth of Saudi Arabia's aviation industry. This strategic move is part of the fund's broader investment plan to diversify its portfolio and drive economic development in the region.