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Saudi Arabia Soverign Wealth Fund To Withdraw Support From LIV Golf After $5 Billion Investment
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Saudi Arabia Soverign Wealth Fund To Withdraw Support From LIV Golf After $5 Billion Investment
Saudi Arabia’s sovereign wealth fund is planning to withdraw financial support from LIV Golf. The wealth fund announced its $1 trillion five-year spending plan. The fund’s governor said that his focus was on increasing efficiency in the fund’s investments. Saudi Arabia already has many long-term investments. They will be hosting the World Expo in 2030 and the World Cup in 2034. No official source has given a reason for the LIV Golf funding spec…
The Saudi Crown Prince recently approved a plan to "redistribute capital within the domestic economy," which is one of the latest examples of even the ultra-wealthy taking steps to cut costs.
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