travel saudi arabian fund to invest 100 million in malaysias airasia

Saudi Arabian Fund To Invest $100 Million In Malaysias Airasia

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Saudi Arabias sovereign wealth fund is set to invest USD 100 million in Malaysias Capital A-owned budget airline AirAsia. As informed by a news report in Bloomberg News. The Middle East investment forms the majority of AirAsias about 1 billion ringgit ($225.99 million) fundraising target, with the firm also in discussions with potential investors from Singapore and Japan, the media report added. The report, citing a person familiar with the matter, said the Malaysian airline is raising funds