MOU for an Investment of up to USD 120 Million Signed between the Public Investment Fund (PIF) of Saudi Arabia and Visionary
TORONTO, Sept. 12, 2024 /PRNewswire/ -- On September 2, 2024, Visionary Holdings Inc. (NASDAQ: GV) officially signed a Memorandum of Understanding (MOU) with the world's largest sovereign wealth fund, the Public Investment Fund (PIF) of Saudi Arabia. The two parties have become close partners, with PIF investing USD 120 million to fully support the development of Visionary's various industry projects. This includes debt replacement for four of Visionary's commercial buildings (including debt replacement wit ...