
As Saudi Arabia’s holdings of US Treasury bonds rose to more than USD119.2 billion in June, registering an increase of USD4.5 billion from May, the Public Investment Fund (PIF) revealed moves to seize opportunities and diversify investments in order to acquire 6.5 million shares in the US market, distributed among three major companies.
With these deals, the value of the Saudi PIF portfolio in the US market would reach about USD40.8 billion by the end of the second quarter of 2022.