Saudi Arabian fund to invest $100m in Malaysia's AirAsia, Bloomberg News reports

Saudi Arabia's sovereign wealth fund is set to invest $100m in Malaysia's Capital A-owned budget airline AirAsia, Bloomberg News reported on Thursday, citing people familiar with the matter. The Middle East investment forms the majority of AirAsia's about 1b ringgit ($225.99m) fundraising target, with the firm also in discussions with potential investors from Singapore and Japan, the media report added. Saudi Arabia's sovereign wealth fund is set to invest $100m in Malaysia's Capital A-owned budget airline AirAsia, Bloomberg News reported on Thursday, citing people familiar with the matter. The Middle East investment forms the majority of AirAsia's about 1b ringgit ($225.99m) fundraising target, with the firm also in discussions with potential investors from Singapore and Japan, the media report added. Capital A is also offloading the budget carrier to long-haul unit AirAsia X to consolidate the operations under a single AirAsia brand.<br/>