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Saudi wealth fund boosts US holdings with nearly $10-bn stakes in blue chips

Usa city Dubai Saudi Arabia outbreak economy patient Coronavirus
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Taking advantage of pandemic-induced market weakness, the $300-bn Public Investment Fund has been buying minority stakes in companies like Facebook, Citigroup, Boeing DUBAI/BENGALURU: Saudi Arabia's sovereign wealth fund has bought minority stakes in major American companies including Boeing, Facebook and Citigroup, a regulatory filing showed, giving it a portfolio of nearly $10 billion in US-listed stocks.

The $300 billion Public Investment Fund (PIF) has been buying minority stakes in companies across the world, taking advantage of market weakness in the wake of the coronavirus outbreak.

The PIF disclosed stakes worth $713.7 million in Boeing, about $522 million in Citigroup, $522 million in Facebook, $495.8 million in Disney and $487.6

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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