Saudi Arabia’s PIF invests up to $120 million in Visionary Holdings

On September 2, 2024, Visionary Holdings Inc. signed a Memorandum of Understanding with the Public Investment Fund (PIF) of Saudi Arabia, marking a significant partnership. This collaboration involves an investment of up to USD 120 million from PIF, aimed at supporting Visionary's diverse industry projects. The partnership is expected to enhance Visionary's capabilities in global mergers and acquisitions, industrial upgrades, and rapid growth. The agreement also emphasizes collaboration in high technology, life sciences, and artificial intelligence education. Both parties are committed to fostering advancements in international education, biomedical sciences, and advanced technology, which will benefit not only Visionary but also the broader educational landscape. Founded in 2013 and headquartered in Toronto, Visionary operates six schools in Canada and has a strong focus on innovation and economic cooperation between Canada, the U.S., and China. The investment from PIF is anticipated to provide substantial financial, talent, and resource support, which will be crucial for Visionary's future development and market expansion. The PIF, established in 1971 and one of the largest sovereign wealth funds globally, is chaired by Mohammed bin Salman Al Saud. This partnership not only enhances Visionary's brand but also positions it for significant growth in the high technology and education sectors, ultimately contributing to the dual growth of its market value and industrial expansion.