Saudi Arabia’s Public Investment Fund buys shares in technology companies

Riyadh (Reuters)

The Saudi Public Investment Fund bought shares in Alphabet, Zoom Video and Microsoft within a broader group of US stocks, raising the investments of the Kingdom’s sovereign wealth fund in the second quarter to about 40.8 billion dollars. The Public Investment Fund acquired 213,000 Class A shares in Alphabet, 4.7 million Class A shares in Zoom, and 1.8 million shares in Microsoft, according to the US Securities and Exchange Commission.
The fund also acquired 3.9 million shares in JP Morgan and 741693 shares in BlackRock.

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