October 25, 2017 / 7:56 AM / a year ago

Saudi PIF says open to more big ticket investments like Uber

RIYADH, Oct 25 (Reuters) - The head of Saudi Arabia's main sovereign wealth fund said on Wednesday that the vehicle was open to investing in more big ticket investments like U.S. ride services company Uber.

Asked whether to expect more big ticket investments like this, Public Investment Fund (PIF) Managing Director Yasir Al Rumayyan told reporters: "Yes, we are open to everything."

He was speaking on the second day of a major investment conference in the capital Riyadh. Last year PIF invested $3.5 billion in Uber. (Reporting by Hadeel Al Sayegh, Writing by Sylvia Westall, Editing by Tom Arnold)

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