“You don’t want to waste a crisis . . . So for us, definitely we are looking into any opportunities.”
-Yasir Al-Rumayyan, governor of Saudi Arabia’s sovereign wealth fund, to more than 2,000 bankers and executives tuned in to a virtual conference in April. “They were not idle words,” the Financial Times writes. The PIF says it is “identifying opportunities to invest in solid companies with strong, long-term outlooks who we expect will be sector leaders when global economic activity begins to approach pre-pandemic levels.” [Financial Times]
