The Kingdom of Saudi Arabia bought 12,337,569 shares in Live Nation Entertainment, according to an SEC filing.
This comes less than two years after Ma was promoted to CEO of Warner Music China.
The sum will be divided up amongst three COVID-19 relief funds, including AIM's, Musician Unions', and Help Musicians'.
Estimations had live concert revenue for 2020 at a record-breaking $12.2 billion.
Spotify's request to have the case moved to New York for their convenience has been denied.
The deal will finally allow listeners in India to enjoy Warner Music's catalog.
The media giant and Country Music trade association have pledged $10m and $1m, respectively.
After signing the paperwork back in December, the €3bn deal for a 10% stake has now closed.
The funds will be given as three $100,000 donations to two arts-related charities and a food bank in Las Vegas.