Saudi Arabia contributes to £550m boost for McLaren Group

Much of the new funding comes from Saudi Arabia’s Public Investment Fund [PIF], with some coming from existing investors, including Bahrain’s Mumtalakat.
McLaren says that £400m has been sourced in return for preference shares from “global alternative investment manager” Ares Management and PIF.
The existing shareholders have been joined by what McLaren calls “a limited number of new …Keep reading