On September 2, Visionary Holdings officially signed a Memorandum of Understanding with the world’s largest sovereign wealth fund, the Public Investment Fund of Saudi Arabia. The two parties have become close partners, with PIF investing $120M to fully support the development of Visionary’s various industry projects. This includes debt replacement for four of Visionary’s commercial buildings and the real estate redevelopment investment for these four buildings. PIF will continue to invest in Visionary in the future, providing strong financial, talent, and resource support for Visionary’s global mergers and acquisitions, industrial upgrades, debt optimization, and rapid growth. Additionally, both parties agreed to closely collaborate in the fields of high technology, life sciences, and artificial intelligence education. This includes, but not limited to, international education, biomedical sciences, advanced technology, life sciences, and AI education. The partnership with PIF not only enhances Visionary’s brand but also offers a great opportunity for Visionary’s future development, bringing significant momentum to the dual growth of Visionary’s market value and industrial expansion. The Public Investment Fund of Saudi Arabia was established in 1971 and is one of the largest sovereign wealth funds in the world, with total assets estimated at $925B. Mohammed bin Salman Al Saud serves as the chairman of PIF.
