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KM Financial Solutions | REFILE-UPDATE 3-Saudi wealth fund boosts U.S. holdings with stakes in Citi, Boeing, Facebook
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REFILE-UPDATE 3-Saudi wealth fund boosts U.S. holdings with stakes in Citi, Boeing, Facebook

15 May REFILE-UPDATE 3-Saudi wealth fund boosts U.S. holdings with stakes in Citi, Boeing, Facebook

Posted at 12:17h in News by
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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.

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