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|| Saudi investors of PIF acquired stake at US firm Uber for $3.5 billion

uber saudiSaudi Arabia investment firm Public Investment Fund (PIF) has acquired $3.5 billion stake in US ride sharing service Uber - Reuters reported.

The investment values Uber at $62.5 billion, making it the most highly valued venture capital-backed company in the world. PIF has a diverse portfolio made up of approximately 200 investments, of which around 20 are listed on Tadawul, the Saudi Stock Exchange.

To see a list of investment firms similar to PIF check Middle East Investors Directory.

More details follows from Reuters

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