“In the past, excess oil revenue was invested by the Saudi central bank, mostly in stable liquid assets like U.S. Treasuries. The kingdom missed an opportunity to buy cheap stocks during the 2008 global financial crisis, Al Rumayyan said in December.”
-AnalyzeMarkets.com, discussing Saudi Arabia’s Public Investment Fund’s latest filing with the U.S. Securities and Exchange Commission shows that its U.S. portfolio increased 80% in Q4 2020 with additional investments in video game companies among others. [Analyze Markets]
