Saudi Arabia buys US$ 7.7 billion worth shares in some of the world's most famous companies
During the global economic crisis caused by the corona
virus, Saudi Arabia’s sovereign wealth fund, has invested heavily in the
world's leading companies.
According to Arab News, the Saudi Wealth Fund has bought
more than seven billion dollars worth of shares in the world's best companies.
The Saudi company, worth more than 300 billion, has invested
heavily in the world's leading companies, including Boeing, Facebook, Disney,
Marriott and Starbucks.
Stock market analysts say the massive investment by the
Saudi Wealth Fund is a sign of confidence that the companies badly affected by
the Corona crisis will soon emerge from the crisis and their share prices will
rise.
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