Saudi Arabia's PIF invests in cruise operator Carnival

Reuters has reported that Saudi Arabia’s sovereign wealth fund, PIF, purchased an estimated 30% stake in cruise operator Carnival.

The article further notes that the shares acquired by PIF are estimated to be valued at $369.3 million as of Friday's close, making PIF the second-largest investor in the world's most prominent cruise operator.

Read the original article on Reuters: Saudi Arabia's PIF discloses 8.2% stake in cruise operator Carnival