Saudi Arabian wealth fund purchases firms' stakes.
BANKING AND CREDIT NEWS-May 18, 2020--Saudi Arabian wealth fund purchases firms' stakes
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Global Banking News - 18 May 2020
Saudi Arabia's sovereign wealth fund has said that it has purchased stakes in a number of firms.
The Public Investment Fund (PIF) said that it has purchased an USD827.8m stake in BP Plc, a USD713.7m stake in Boeing Co and a USD522m stake in Citigroup Inc (NYSE: C) and Facebook, Inc at the end of the first quarter. The firm has also purchased stakes in Walt Disney Co and Bank of...
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