Visionary Holdings Secures $120 Million Investment From Saudi Arabia's Public Investment Fund -- Shares Jump

MT Newswires Live

2024-09-12

Visionary Holdings Secures $120 Million Investment From Saudi Arabia's Public Investment Fund -- Shares Jump

Visionary Holdings (GV) shares jumped more than 138% in recent Thursday trading after the company said it signed a memorandum of understanding with Saudi Arabia's Public Investment Fund, securing a $120 million investment to support its industrial projects.

PIF's investment will cover debt replacement for Visionary's four commercial buildings and fund real estate redevelopment, Visionary Holdings said.

The parties also agreed to collaborate in high-tech, life sciences, and artificial intelligence education.

Price: 5.49, Change: +3.46, Percent Change: +170.44

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