Islam buying up EU and USA?-----Saudi Arabia Sovereign Wealth Fund Seeks $10 Billion Margin Loan - Bloomberg

Saudi Arabia Sovereign Wealth Fund Seeks $10 Billion Margin Loan - Bloomberg
"Saudi Arabia’s sovereign wealth fund is planning to borrow about $10 billion by pledging some of its stakes in SoftBank Group Corp.’s technology investment vehicle, according to people familiar with the matter.
...PIF’s investment drive has seen it build stakes in some of the world’s largest companies since the start of the coronavirus pandemic.
On Friday, it disclosed stakes in companies including Facebook Inc., Boeing Co. and Citigroup Inc.
...PIF has targeted some of the companies hit hardest in the crisis, including cruise operator Carnival Corp. and hotel owner Marriott International Inc.
It’s also broadened its natural resources exposure with stakes in Suncor Energy Inc. and Canadian Natural Resources Ltd, according to the filing, which outlined investments in nearly $10 billion worth of U.S. equities....
Read all.