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Saudi sovereign fund buys minority stakes in Citi, Boeing, Facebook

Outbreak of the coronavirus disease (COVID-19) in Everett
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DUBAI (Reuters) - Saudi 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. 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.The PIF disclosed stakes worth $713.7 million in Boeing, ABOUT $522 million in Citigroup, $522 million in Facebook, ..
Date Published: May 16, 2020
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