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Saudi Arabia's first ever investment in Israel

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#1 [Permalink] Posted on 8th May 2022 21:38
Jared Kushner secures Saudi Arabia's first ever investment in Israel: Former White House adviser's private equity fund will sink tens of millions of Prince MBS's cash into two Israeli start-ups

Jared Kushner's private-equity fund, Affinity Partners, will give two Israeli start-ups tens of millions of dollars raised from the Saudi Arabian government

Affinity Partners raised more than $2 billion from Saudi Arabia, led by Mohammed bin Salman, who agreed Israeli firms could receive the funds

It will be the first time money passes from the Saudi government to be invested in Israel as Kushner hopes it will open diplomatic relations

It comes two years after Kushner, working as a White House adviser, helped broker business relations between the United Arab Emirates and Israel

Affinity Partners is also tyring to woo Indonesia, the world's largest Muslim-majority country, which does not currently have diplomatic relations with Israel

Affinity Partners, which has raised more than $2 billion of its $3 billion investment kitty from the Saudi kingdom, will make the investment after Prince Mohammed bin Salman and officials agreed that the fund could be given to Israeli firms, the Wall Street Journal reported.
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