Wednesday 08, August 2018 by Kudakwashe

Saudi Arabia’s PIF acquires a stake in Tesla

 

The Kingdom’s Public Investment Fund (PIF) is one the world's biggest sovereign wealth funds with $250 billion in assets.

  

Saudi Arabia's sovereign wealth fund, PIF, has acquired a minority stake below five per cent in Tesla, reported Reuters.

PIF is one the world's biggest sovereign wealth funds, which also has a stake in Uber, having identified technology as a key area for investment.

 

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