Softbank 'anxiously' monitoring Saudi Arabia situation: executive | Reuters

Softbank 'anxiously' monitoring Saudi Arabia situation: executive | Reuters:

Softbank Group Chief Operating Officer Marcelo Claure said on Tuesday it is “business at usual” at companies backed by its nearly $100 billion Vision Fund despite a tense situation with Saudi Arabia, which provided nearly half of the fund’s capital.

Claure spoke at a technology conference in San Jose, California for British chip design firm Arm Holdings, which was acquired by the Vision Fund in 2016 for $32 billion. Claure said Softbank is “anxiously looking at what is happening” regarding the fate of journalist Jamal Khashoggi, who disappeared after entering the Saudi consulate in Istanbul last week.

“We, like most parties in the world, are watching events unfold,” Claure said. “We are just monitoring.”