SoftBank raises $22bn through sale of Alibaba derivatives

SoftBank currently has plans in place to sell over half of its remaining stake in Alibaba. (Shutterstock)
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Updated 04 August 2022
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SoftBank raises $22bn through sale of Alibaba derivatives

RIYADH: SoftBank Group Corp. has raised $22 billion by selling prepaid forward contracts using the shares of Alibaba Group Holding Ltd. 

According to a Financial Times report, SoftBank, in 2022, executed the sale of about a third of its Alibaba stake through these contracts, which helped the firm to raise cash immediately while retaining the chances of holding on to the shares. 

The report further noted that SoftBank Group has sold half of its Alibaba shares in the form of these derivatives. 

SoftBank currently has plans in place to sell over half of its remaining stake in Alibaba, the report added. 

SoftBank has been selling these types of derivatives linked to Alibaba shares since 2016, as it helps the firm to stabilize its shares, which may not happen in straight selling. 

SoftBank’s bet on Alibaba during its birth had made its CEO Masayoshi Son the richest man in Japan in the last decade. He, however, lost this crown as Alibaba shares fell due to regulatory pressures. 


Mawani, Qatar Ports ink cooperation deal to boost regional maritime trade 

Updated 18 February 2026
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Mawani, Qatar Ports ink cooperation deal to boost regional maritime trade 

RIYADH: The Saudi Ports Authority, or Mawani, and Qatar Ports Management Co. signed a memorandum of understanding aimed at boosting maritime and logistics cooperation, contributing to the development of the ports sector, raising operational efficiency, and supporting regional and international trade flows. 

The MoU was signed by Mawani President Suliman Al-Mazroua and Qatar Ports Management Co. CEO Abdullah Mohammed Al-Khanji, in the presence of Qatari Ambassador to Saudi Arabia Bandar bin Mohammed Al-Attiyah. 

The step reflects both sides’ commitment to building effective partnerships, exchanging expertise, establishing an organized framework for cooperation management, and developing joint investment opportunities in line with Saudi Vision 2030 and Qatar National Vision 2030. 

The MoU outlines eight key areas of cooperation, including the exchange of best practices in port management and operations, and studying opportunities for direct maritime and land connectivity between the two countries’ ports to enhance trade efficiency. 

It also includes collaboration in logistics services, exploring the establishment of joint maritime corridors serving bilateral and regional trade, and assessing the feasibility of creating shared regional distribution centers. 

Both parties agreed to enhance cooperation in digital transformation and artificial intelligence, focusing on smart systems, data governance, and a unified maritime window to improve operational efficiency and remain at the forefront of technological progress in the maritime sector. 

The MoU emphasizes maritime safety and environmental protection, including the exchange of expertise on marine pollution control and emergency response, the development of joint maritime emergency plans, and the establishment of a bilateral emergency communication line.  

It also promotes collaboration to ensure compliance with international conventions, conduct joint exercises, and implement risk-monitoring systems. 

Cooperation further extends to human capital development through joint training programs and on-the-ground expertise exchanges, as well as academic and research partnerships in maritime transport and logistics. 

Regarding joint investment, both parties will explore local and international opportunities in ports and related services, coordinating with the private sector to support these initiatives. 

The MoU also includes cooperation in cruise tourism through enhanced maritime connectivity and joint promotion of Gulf cruise routes, as well as coordination of positions in international maritime organizations and support for joint initiatives, notably “Green Ports” and “Safe Sea Corridors.” 

This memorandum reflects the commitment of Mawani and Qatar Ports Management Co. to advancing the ports sector and boosting its role as a key driver of trade and economic growth, contributing to Gulf integration, and enhancing regional competitiveness in maritime services.