The Public Investment Fund (PIF), Saudi Arabia’s top sovereign wealth fund, said it is not considering the acquisition of a stake in North American amusement park operator Six Flags Entertainment Corp.
In a statement late on Thursday, a spokesperson for the fund also said reports that the PIF had conducted talks with the company about the purchase of a stake were “baseless”.
Quoting unnamed sources, Bloomberg reported on Wednesday that the PIF was considering taking a stake in Six Flags.
The company said in June last year that Saudi officials had begun talks with Six Flags to build theme parks, as part of the kingdom’s efforts to expand in tourism and diversify the economy.
Saudi fund PIF looking for stake in Six Flags, says reportSaudi Arabia’s Public Investment Fund (PIF), is reported to be in talks to invest in the American theme park operator Six Flags Entertainment ... Economy
Six Flags says it started talks with Saudi to build theme parks in kingdomThe US-based Six Flags Entertainment Corp has announced on Tuesday that it started talks with the Saudi government to develop and create parks in the ... Economy
US theme park giant Six Flags to invest in Saudi ArabiaProviding the space for entertainment and promoting culture is featured prominently in Saudi Arabia’s vision for the future Economy