Saudi Arabia is strategically hosting events like F1 and WWE, competing directly in sports with flawed business models using its $925 billion balance sheet. The country also plans to boost its debt capital market and invest $15B in Brazil.
HMH, an oil field services provider owned by two of the industry's giants, is planning an IPO as soon as September https://t.co/RGPCed2L1B
IPOs proving to be June’s blockbuster attraction in Saudi Arabia https://t.co/QBkSlkTtPx via @Business
Saudi Arabia holds investment summit in Brazil, plans to invest $15B, @Adam_Lucente reports https://t.co/8aBQBoC5ed
Saudi Arabia laid out a series of steps it plans to take to boost its debt capital market, including a possible easing in taxes it hopes will make local corporate bonds more appealing to foreign investors. https://t.co/245VYlm5G4 via @faaj22
Saudi Arabia’s sports strategy is simple. They host events they can’t buy (F1 and WWE) while using their $925 billion balance sheet to directly compete with sports that have flawed business models (golf, boxing, tennis). Thanks for having me @SullyCNBC! https://t.co/7hkOb5V5Fb