Saudi Arabia strategic Projects: news, discussions & updates

[The SC]

Japanese Broadcasting Corporation:Riyadh to host on August 18 and 19 a high-level Japanese delegation led by Foreign Minister "Toshimitsu Motegi," who will meet with Prince "Faisal bin Farhan" to discuss regional developments and strengthen Saudi-Japanese cooperation in clean energy, critical minerals, and advanced technologies.

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[The SC]

"Al Sharq – Bloomberg" Agency:Saudi Arabia's Public Investment Fund discloses a stake exceeding $26 billion in "SpaceX," making it the largest of its investments in U.S. stocks within a portfolio totaling $37.9 billion at the end of the second quarter.

-Details:The Fund's disclosures to the U.S. Securities and Exchange Commission showed it owns more than 154 million shares in "SpaceX," with the company claiming the largest portion of its U.S. stock investments.The disclosure came following the company's historic initial public offering, which raised approximately $75 billion at a share price of $135, amid demand exceeding $350 billion from institutions and individual investors.In the first quarterly results after the offering, "SpaceX" recorded revenues of $7.8 billion in the second quarter, surpassing analysts' expectations of $6.81 billion, while capital expenditures rose to $18.4 billion.The Fund's portfolio in the U.S. market also includes investments in Uber, Lucid, Clarivate, and Electronic Arts, following the completion of the full acquisition of the latter and its conversion to a private company.

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