PIF raises stake in luxury carmaker Aston Martin

November 09, 2023

Saudi Arabia’s sovereign wealth fund, PIF, has raised its stake in luxury carmaker Aston Martin to 20.5% from 17.9%, a bourse filing at the London Stock Exchange showed.

With a 2.6% increase in its holdings, the Public Investment Fund now holds a greater share in the UK-firm than Geely and Chinese entrepreneur Shufu Li.