SoftBank to hire Deutsche Bank to advise on Saudi power investments

Saudi Crown Prince Mohammed bin Salman and Masayoshi Son, chairman and CEO of SoftBank Group, attend the Future Investment Initiative conference in Riyadh in October 2017. Photo: Reuters

SoftBank has hired Deutsche Bank to advise on its power investment plans in Saudi Arabia, two sources familiar with the matter said.

The Japanese firm, which is planning to invest in a giant solar power plant in the kingdom, has also shown interest in electricity distribution in the world’s top oil exporter, they said.

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