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The Nexus
BUSINESSJun 1 · 12:28 UTCSEMAFORMatthew Martin

Gulf funds step up dealmaking despite Iran war

Gulf sovereign wealth funds increased dealmaking by $26 billion in March-May 2024, despite regional tensions from the Iran war and oil revenue disruptions due to the Strait of Hormuz closure. Saudi Arabia’s Public Investment Fund led with a $6 billion investment in Chinese game developer Moonton Technology, while Qatar Investment Authority slowed its pace of investing.

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Mentioned
Abu Dhabi Investment AuthorityorganizationL’IMADorganizationMubadalaorganizationPublic Investment FundorganizationQatar Investment AuthorityorganizationMoonton TechnologyorganizationStrait of HormuzplaceIran wartopic
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