Boots & Sabers

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Owen

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1836, 07 May 22

Saudi Arabia to Invest in Israeli Firms

Money melts borders and salves wounded pride. It’s not a lot of money, but it’s the start of a thaw. This is a very good signal for the region.

Jared Kushner’s new private-equity fund has secured Saudi Arabia‘s first ever investment in Israel, with plans to distribute tens of millions of dollars to two Israeli firms.

 

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.

 

A source knowledgeable on the deal told DailyMail.com that Kushner, a former White House adviser and son-in-law of former President Donald Trump, will pour tens of millions of dollars of the kingdom’s money into the Israeli start-ups to highlight the historic moment between the two countries.

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1836, 07 May 2022

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