Saudi Arabia Acquires Shares Worth $7.7 Billion in World’s Major Companies

Saudi Arabia Acquires Shares Worth $7.7 Billion in World’s Major Companies

The $300 billion Public Investment Fund bought stakes in global corporate leaders such as Boeing, Facebook, Disney, Marriott and Starbucks.. 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 next biggest was an investment in BP, nearly 34 million shares valued at $827 million, followed by the Boeing stake for $713 million.. US stocks lost about 30 per cent of their value in the crash after the global lockdowns began, but have since recovered about half of that decline after large-scale fiscal intervention by the federal authorities..