With investments in Alphabet, JPMorgan Chase, and Amazon, the Saudi wealth fund PIF increases its U.S. holdings.

August 16, 2022

Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), has bought minority stakes in a string of top American companies including Alphabet Inc., JPMorgan Chase & Co., American Tower Corporation, Amazon.com, Inc. and Zoom Video Communications, according to a regulatory filing. The PIF disclosed stakes worth $464 million in Alphabet, the parent company of Google, $433.6 million in JPMorgan Chase, $507 million in Zoom among others, the U.S. Securities and Exchange Commission (SEC) filing on Monday showed.

Read the original article in Zawya: Saudi wealth fund PIF boosts US holdings with stakes in Alphabet, JPMorgan Chase, Amazon