Saudi Arabia cashes out on Live Nation stake

The Saudi Public Investment Fund has sold its entire holding in the company, more than tripling its investment

News By James Hanley | 18 November 2024

Saudi crown prince Mohammed bin Salman is chairman of the PIF

The sovereign wealth fund of the kingdom of Saudi Arabia has sold its entire shareholding in Live Nation after more than tripling the value of its investment in less than five years. The move was disclosed in a filing with the Securities and Exchange Commission last Thursday (14 November).

The sovereign wealth fund of the kingdom of Saudi Arabia has sold its entire shareholding in Live Nation after more than tripling the value of its investment in less than five years.

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