AK

The Wall Street A-Listers on Aramco

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https://www.vox.com/recode/2019/10/14/20908630/saudi-arabia-silicon-valley-future-investment-initiative-conference-speakers

"In the meantime, Sanabil, which is a division of PIF, is likely to open an office on Sand HIll Road, according to a person with knowledge of their plans. Sanabil is also beginning to invest in venture capital firms as a limited partner, according to a second person.

The only consequences that might come are because of the Saudisโ€™ increasingly poor track record. Several investors who are critical of the Saudi footprint in Silicon Valley argued that it would not be a newfound sense of morals that would lead to any rejection of Saudi cash. Instead it would be purely a selfish realization that Saudi and SoftBank money is bad for companies, a point driven home by every new Saudi startup flameout โ€”ย such as SoftBank-backed WeWork."

Herd money chases a return, and avoids a loss. If the Saudi's will pay for the investment, it will come, if outside money is doing in Kingdom investment, then it will be far more cautious.

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