Saudi's sovereign fund to commit another $45 bn to SoftBank's Vision Fund

Sovereign fund set to recieve windfall from Sabic, Aramco

Saudi Arabia is preparing to double-down on its bet that Masayoshi Son can pick the technology giants of the future. The country’s sovereign fund will make another $45 billion investment in Son’s second massive Vision Fund.

The Public Investment Fund, or PIF, is set to make the investment as it looks for ways to deploy a $170 billion windfall it’s expecting over the next three-to-four years. That money would come from the sale of a stake in Saudi Basic Industries Corp. and the initial public offering of state oil company Saudi Aramco, according to PIF Chairman Mohammed Bin Salman -- who