According to Arab Net, the Public Investment Fund (AFP) bought 2.9 million shares (a) in Copang-backed Copt Bank, equivalent to $ 141 million, and described its stake in Sankor Energy, notice to the US Securities and Exchange Commission.
The Fund increased its ownership in Activision Blizzard to 33.4 million shares from 15 million shares at the end of the fourth quarter, reaching an explanation of 3.1 billion dollars from $ 1.4 billion, according to Reuters.
The number of shares in Electronic Arts raised 14.2 million, equivalent to $ 1.9 billion, from $ 1.1 billion at the end of the previous quarter.
So far, IFAD has not yet responded to the request to comment, which is at the core of Saudi plans to restructure the economy by establishing new sectors and diversification of sources of income rather than dependence on oil.
The box is $ 400 billion and is expected to pump at least $ 40 billion a year in the local economy until 2025, and its assets increase to $ 1 trillion by that date, which will make it one of the world's largest sovereign wealth funds.
Rashna Opal, a research manager in Azur Strategy, said the Public Investment Fund wanted to exploit the atmosphere of stock markets in the first quarter to carry out investments between the opportunities and increase his portfolio.
In line with internal efforts to achieve the goals of a 2030 vision plan, apparently favoring investment in sectors such as technology and transport, especially advanced transport, tourism and entertainment.
In early last year, IFAD has bought a higher quotas in companies around the world, benefiting from falling markets because of the Corona virus crisis.
The disclosure of Monday showed the high value of its gain from US stocks.
The Public Investment Fund was an early investor in Ober, with a $ 3.5 billion share in 2016, three years before inserting the company in 2019.
