New investment opportunities to emerge from COVID-19, says Al-Rumayyan

25/04/2020 Argaam

 

Many investment opportunities will arise when the coronavirus pandemic (COVID-19) will settle, as many economies have started to reopen, Al-Eqtisadiah newspaper reported, citing Yasir Al-Rumayyan, Governor of the Public Investment Fund (PIF).

 

The Kingdom’s sovereign wealth fund is exploring investment opportunities in various sectors, including aviation, oil, gas and entertainment, Al-Rumayyan added in a speech at “Invest in Saudi Arabia” forum.

 

The PIF has acquired a stake in Norway’s crude producer Equinor at a total value of $200 million. It also disclosed an 8.2% stake in the US-based Carnival Corp.

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