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Sputnik International
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Russo Brothers Receive 50 Million Dollar Cash Infusion From Saudi Arabian Bank
The money is destined to help fund development, production and overhead costs.
The Russo brothers have quietly secured a cash infusion of approximately 50 million dollars from a Saudi Arabian bank. The duo received the investment from an undisclosed bank in exchange for a minority stake in their Los Angeles-based production company, AGBO.
As reported by
Variety, the deal was brokered and closed at the beginning of the pandemic, with the money destined to help fund development, production and overhead costs.
The Russo brothers declined to comment when asked about the deal with the Saudi Arabian bank. But one insider said the money is a one-time cash infusion, while another said the investment was much higher than 50 million dollars.
© Reuters/Ronen Zvulun
Saudi Arabia Crown Prince Mohammed Bin Salman • Israeli PM Benjamin Netanyahu In September, two Arab states, the United Arab Emirates and Bahrain, signed agreements with the State of Israel to recognise and formalise relations with Tel Aviv under the Abraham Accords initiative, launched by the administration of US President Donald Trump earlier this year. Later on, Sudan and Morocco announced a willingness to do likewise.
Saudi Princes are split in opinions over whether to recognise and normalise relations with Israel, with the Kingdom s Crown Prince Mohammed Bin Salman likely to be open to signing a peace deal with the Jewish state, the