The Saudi Public Investment Fund bought minority stakes in major American companies including Boeing, Facebook and Citigroup, according to a disclosure by the US Securities and Exchange Commission. According to Reuters, the disclosure published on Friday shows that the fund bought a $ 713.7 million stake in Boeing and an estimated $ 522 million stake in Citigroup and one worth $ 522 million also on Facebook, and a 495.8-share stake in Disney and $ 487.6 in Bank of America.

The disclosure also showed that the Saudi sovereign fund has a stake of approximately $ 514 million in Marriott and a small stake in Parkshire Hathaway.

He also explained that the fund has a stake of about $ 827.7 million in BP Oil Company, which has US deposit receipts listed in the United States.

The fund manages assets with more than $ 300 billion, and buys minority stakes in companies around the world, taking advantage of the weakness of the market in the wake of the outbreak of the Corona virus.

A SWF official was not available for comment.

Last month, the fund’s director, Yasser Al-Romayan, said that the Public Investment Fund was inspecting investment opportunities in areas such as aviation, oil, gas, and entertainment, noting that many investment opportunities would arise as soon as they passed. Corona Virus Crisis.

Energy giant companies

In April, the Public Investment Fund announced a 8.2 percent stake in Carnival Corp, which was badly affected by the Corona virus, which raised the shares of this operator of cruise ships. About 30 percent.

A Saudi source told Reuters on April 9 that the Saudi fund had bought stakes in Royal Dutch Shell, Total, Eni and Equinor this year.

The disclosure announced on Friday showed that he has a stake of $ 483.6 million in Shell, possession of $ 222.3 million in Total and a share of $ 481 million in Sincor Energy.

> A previous disclosure in Norway revealed that the Public Investment Fund has a 0.3% stake in Equinor Oil and Gas.

The fund already owns a $ 2 billion stake in Uber Technologies and Lucid Motors Electric Vehicles.