Saudia Arabia Wealth Fund Seeking ‘Any Opportunity’ Amid Virus
- PIF governor Al-Rumayyan comments at virtual conference event
- He cited airlines, energy and entertainment firms as examples
Deserted streets in the Saudi coastal city of Jeddah on April 21.
Photographer: Bandar Aldandani/AFP via Getty Images
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Saudi Arabia’s sovereign wealth fund is scouting the world for bargain investments amid the economic wreckage of the coronavirus crisis.
“We are looking into any opportunity,” Yasir Al-Rumayyan, governor of the $320 billion fund, said at a virtual event on Thursday held by Saudi Arabia’s Future Investment Initiative. “Once the economy is open and up, I think we will see a lot of opportunities,” he said, giving airlines, energy and entertainment companies as examples.