Saudi sovereign fund discloses stakes in Citi, Boeing, Facebook

Saudi sovereign fund discloses stakes in Citi, Boeing, Facebook

PIF also disclosed an $827.7 million stake in oil company BP ( BP.L ), which has American Depstory Receipts (ADRs) listed in the United States.. The $300 billion Saudi sovereign fund has been buying minority stakes in global companies, taking advantage of market weakness in the wake of the coronavirus outbreak.. PIF already has stakes in Uber Technologies ( UBER.N ) and electric car company Lucid Motors..