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Saudi wealth fund boosts US holdings with stakes in Citi, Boeing, Facebook
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 US$10 billion in US-listed stocks. The US$300 billion Public Investment Fund (PIF) has been buying minority stakes in companies across…
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Click here to read the full story: Channel News Asia