SoftBank Investment Advisors said the direction of the Middle East tech scene is positive
SoftBank Vision Fund
food delivery service
Ride-hailing firm Grab secures $1.5bn from Saudi-backed fund
Grab has seen its business grow rapidly since it bought US-based rival Uber’s regional ride-hailing and food business in March last year
Mubadala
SoftBank said to invest in Mubadala’s $400m European tech fund
Sources say Mubadala will use the fund to invest up to $30 million in European start-ups
Abu Dhabi
Saudi wealth fund plans San Francisco office in technology push
Saudi Public Investment Fund is looking to open offices in San Francisco, as well as New York and London
Aldebaran
SoftBank Group nine-month net profit soars more than 50%
Rise was largely driven by gains from its investment funds, led by SoftBank Vision Fund whose partners include Saudi Arabia
Competition Commission of India
Gulf-backed SoftBank strikes deal with India-based logistics provider
SoftBank’s vision fund plans to make investments in Gurgaon-based Delhivery
co-working spaces
Saudi-backed SoftBank planning smaller $2bn investment in WeWork
SoftBank, which has already invested more than $8bn in WeWork, had looked at spending $16bn to buy a larger position in the company
Alibaba
Saudi-backed SoftBank to invest $2bn in e-commerce site
Saudi Arabia has contributed $45 billion to the $100 billion Vision Fund.
Goldman Sachs
Saudi-backed SoftBank’s Vision Fund is said to seek $4bn line of credit
$4 billion credit aims to cover the gap between when the cash is requested and when the fund investor sends it
Concentrated Solar Power
SoftBank said to plan $1.2bn solar power plant in Saudi Arabia
Sources say the plant, to the north of Riyadh, would generate 1.8 gigawatts of power a year
Crown Prince Mohammed bin Salman
Saudi Arabia to double its SoftBank investment with extra $45bn
The Public Investment Fund is set to make new investment as it looks for ways to deploy a $170bn windfall
Masayoshi Son
Saudi’s PIF denies kingdom will scrap $200bn solar generation project
The plan to build the world’s largest solar power project will create the capacity to generate up to 200 gigawatts (GW) by 2030, with enough capacity to power 140 million homes.
Abu Dhabi
SoftBank-backed vertical farm set to open Abu Dhabi
Plenty plans to start selling locally grown produce, including kale and other leafy greens, to communities in Abu Dhabi and Dubai early next year
Japanese entrepreneur
SoftBank profit jumps on boost from ARM, Vision Fund gains
SoftBank formed the Vision Fund last year, raising almost $100 billion from big backers including Saudi Arabia, Abu Dhabi and Apple
Abu Dhabi
SoftBank to hire Deutsche Bank’s Saudi Arabia head – report
Saudi Arabia’s Public Investment has a $45 billion stake in the SoftBank-managed Vision Fund.
Cadre
Jared Kushner’s real-estate tech firm Cadre fails to win backing from SoftBank
SoftBank Group, derives much of its $100 billion war chest – one of the biggest in the world – from Saudi Arabia and the UAE
Faisal Rahman
SoftBank Vision Fund said to hire Deutsche Bank’s Rahman for MidEast
Faisal Rahman will help manage relations with the Vision Fund’s key backers, Saudi Arabia’s Public Investment Fund and Abu Dhabi wealth fund Mubadala Investment Co.