Riyadh (Reuters)
The Saudi General public Investment Fund bought shares of Alphabet, Zoom Online video and Microsoft inside of a larger team of US stocks, bringing the Kingdom’s sovereign wealth fund expenditure in the second quarter to around $ 40.8 billion. The Public Expenditure Fund acquired 213,000 Course A shares in Alphabet, 4.7 million Course A shares in Zoom and 1.8 million shares in Microsoft, in accordance to the US Securities and Exchange Fee.
The fund also acquired 3.9 million shares in JP Morgan and 741,693 shares in BlackRock.
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