Saudi sovereign fund chief says outlook for Uber is positive

Reuters News
Posted: Dec 20, 2017 11:38 AM

RIYADH (Reuters) - The head of Saudi Arabia's Public Investment Fund, its top sovereign wealth fund, said on Wednesday that the outlook for ride-hailing firm Uber was positive and the company's revenues had doubled since the PIF invested in it.

Yasir al-Rumayyan, speaking at a news conference, also said Uber's new board and management were excellent.

(Reporting by Katie Paul and Rania El Gamal; Writing by Andrew Torchia)