Saudi Arabia’s Public Investment Fund Scoops Up Shares in Zoom, JPMorgan, and Others

Posted on 08/16/2022

The rising price of oil is giving GCC sovereign wealth funds greater financial confidence to invest more capital abroad. Recently, Saudi Aramco reported a stunning 90% surge in second quarter 2022 net income and record half year results. Saudi Aramco said strong market conditions helped to push its second quarter 2022 net income to US$…

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