Saudi sovereign fund discloses stakes in Citi, Boeing, Facebook

www.cnbc.com/2020/05/16/saudi-sovereign-fund-discloses-stakes-in-citi-boeing-facebook.html

PIF disclosed a $713.7 million stake in Boeing, around $522 million in Citigroup, a $522 million stake in Facebook, a $495.8 million stake in Disney and a $487.6 million stake in Bank of America, the Securities and Exchange filing on Friday showed.

The $300 billion Saudi sovereign fund has been buying minority stakes in global companies, taking advantage of market weakness in the wake of the coronavirus outbreak.