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Saudi sovereign fund chief says outlook for Uber is positive

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

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