According to a report in The New York Times, Saudi Arabia’s Public Investment Fund (PIF)—which recently concluded a $55 billion deal to take control of Electronic Arts—is now reportedly short on cash for new investments.
Several projects financed in recent years are reportedly in serious financial difficulty, forcing the PIF to slow down. It is therefore restructuring its operations, notably by replacing the managers of certain projects and considering refocusing on more traditional investments, such as listed shares.
Despite these difficulties, fund representatives say the Electronic Arts acquisition remains a long-term strategy, expected to double in value over the years.
