The Saudi Public Investment Fund purchased stakes in European oil companies.
According to ArabiaNet, the fund bought a stake of 200 million dollars in the Norwegian state oil company Equinor.
Sources told Bloomberg that the fund bought the shares through the open market last week.
This comes amid strong declines in share prices due to the repercussions of the outbreak of the Corona Virus.
The Wall Street Journal also said that the fund has also built stakes in Royal Dutch Shell, Total and Eni with a total value of about $ 1 billion.
It is noteworthy that the fund last month bought an 8% stake in cruise company Carnival.
The fund manages assets of more than $ 300 billion, and has stakes in Uber and Lucid Motors to produce electric cars.
He also allocated $ 45 billion to the $ 100 billion SoftBank Vision Fund.
