Saudi investment fund boosts technology portfolio


The Saudi Public Investment Fund has reportedly invested $2 billion this year in US electric car maker Tesla, as part of a long-term effort to increase its involvement in new technologies.

The Financial Times first reported on August 7 that the PIF now controls 3–5% of the company’s shares. This puts the stake below the 5% level that requires public disclosure of the operation. The PIF’s shares in Tesla would be valued between $1.7 billion and $2.9 billion.

The move follows other investments

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: