Visionary Holdings Signs MOU With The Public Investment Fund Of Saudi Arabia, Investing $120M To Fully Support The Development Of Visionary's Various Industry Projects
Portfolio Pulse from Benzinga Newsdesk
Visionary Holdings Inc. (NASDAQ:GV) has signed an MOU with Saudi Arabia's Public Investment Fund, securing a $120M investment to support various projects, including debt replacement and real estate redevelopment. The partnership will also focus on high technology, life sciences, and AI education.
September 12, 2024 | 1:42 pm
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Visionary Holdings Inc. (NASDAQ:GV) has secured a $120M investment from Saudi Arabia's Public Investment Fund, enhancing its financial stability and growth potential. The partnership will support debt replacement, real estate redevelopment, and collaboration in high-tech fields.
The $120M investment from PIF provides Visionary Holdings with significant financial resources for debt replacement and real estate redevelopment, which can improve its balance sheet and operational capacity. The collaboration in high-tech fields positions Visionary for future growth and innovation, likely boosting investor confidence and stock price.
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