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.
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 U.S.-listed stocks.
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 million in Bank of America, the U.S. Securities and Exchange Commission filingThe PIF has a nearly $514 million stake in Marriott and a small holding in Berkshire Hathaway, according to the filing. The PIF also disclosed an $827.7 million stake in oil company BP, which has American Depository Receipts listed in the United States.
“PIF is a patient investor with a long-term horizon. As such, we actively seek strategic opportunities both in Saudi Arabia and globally that have strong potential to generate significant long-term returns while further benefiting the people of Saudi Arabia and driving the country’s economic growth,” the sovereign wealth fund said in a statement.
The PIF disclosed an 8.2% stake in coronavirus-hit Carnival Corp in April, sending the cruise operator’s shares nearly 30% higher.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Saudi sovereign fund buys minority stakes in Citi, Boeing, FacebookSaudi Arabia's sovereign wealth fund has bought minority stakes in major American companies including Boeing , Facebook and Citigroup , according to a U.S. regulatory filing.
Weiterlesen »
Saudi Arabia's Investment Fund Adds Disney And Facebook to HoldingsThe PIF bought more than 5 million shares in Disney, which it valued at just under $500 million, and more than 3 million shares in Facebook for $520 million.
Weiterlesen »
Ethiopian Airlines sees Boeing 737 MAX compensation deal by end-JuneEthiopian Airlines expects a settlement with planemaker Boeing by end of June over compensation related to the 737 MAX grounding in March 2019 following two fatal crashes, CEO Tewolde Gebremariam told Reuters on Friday.
Weiterlesen »
Friendly Jews, female bosses; Saudi TV promotes a new visionAutocrats in the Middle East use television to push politics—especially during Ramadan
Weiterlesen »
Stocks making the biggest moves in the premarket: Qualcomm, Cisco, Apple, Boeing & moreThe stocks making the biggest moves in premarket trading include Qualcomm, Cisco, Apple, Boeing, Disney, and more.
Weiterlesen »
Stocks making the biggest moves midday: Boeing, Cisco, 3M, Fiat Chrysler, DraftKings & moreCheck out the companies making headlines on Wall Street on Thursday.
Weiterlesen »