Saudi SWF Takes a Long Bet in Carnival Cruises Amid Viral Pandemic

Posted on 04/06/2020

Saudi Arabia’s Public Investment Fund (PIF) seized on the opportunity and acquire a large position in Carnival Corporation, a cruise line company. According to an SEC disclosure, PIF owns 43.5 million Carnival shares, or an 8.2% stake, in Carnival. PIF is now the third largest institutional owner of Carnival. It appears that PIF did not […]

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