REFILE-UPDATE 3-Saudi wealth fund boosts U.S. holdings with stakes in Citi, Boeing, Facebook
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 U.S.-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.
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 U.S.-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.
Posted by Reuters
