Saudi sovereign wealth fund has bought a big stake Boeing

Forex

Saudi Arabia’s $ 300 billion sovereign-wealth fund has invested further into US corporations.

Q1 figures from the Public Investment Fund show fresh stakes taken in:

  • Facebook, Disney , Marriott, Cisco Systems, Citigroup, Bank of America, & Boeing

(and others). The stake in Boeing was circa $ 714 million.

With oil prices weaker Saudi is accelerating diversification, buying in during Q1:

  • “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” 
From filings with the US SEC, via a WSJ report, link is here for more (the Journal may be gated)
Saudi Arabia's $ 300 billion sovereign-wealth fund buys Boeing

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