Saudi Wealth Fund Dumps Oil Giant And Buys Videogame Stocks ...Middle East

OILPRICE - Economy
Saudi Wealth Fund Dumps Oil Giant And Buys Videogame Stocks
source : OILPRICE ( Middle East ) () 34
Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has sold all the 51 million shares it held in Canada’s oil producer Suncor Energy, regulatory filings showed this week, with those shares currently worth the equivalent of US$1.2 billion. According to a regulatory filing about the fund’s holdings to the Security and Exchange Commission (SEC), the Saudi sovereign wealth fund no longer holds any shares in one of Canada’s largest oil producers and key oil sands producer, Suncor. Instead, the Saudi fund,…

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