The Public Investment Fund of Saudi Arabia has increased its investments in Alphabet, Google’s parent company, and Meta, the parent company of Facebook and Instagram.
According to a filing with the US Securities and Exchange Commission, PIF increased its stake in Meta by 11% to over 3.26 million shares, valued at approximately $443 million. It also increased its Alphabet investment to over 4.26 million shares in the three months ending September 2022. Its position is worth more than $407 million. It had 213,000 shares in Google’s parent company in the previous quarter. The sovereign wealth fund manages assets worth more than $620 billion.
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The Public Investment Fund of Saudi Arabia has increased its investments in Alphabet, Google’s parent company, and Meta, the parent company of Facebook and Instagram.
According to a filing with the US Securities and Exchange Commission, PIF increased its stake in Meta by 11% to over 3.26 million shares, valued at approximately $443 million. It also increased its Alphabet investment to over 4.26 million shares in the three months ending September 2022. Its position is worth more than $407 million. It had 213,000 shares in Google’s parent company in the previous quarter. The sovereign wealth fund manages assets worth more than $620 billion.
Disclaimer
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
