Saudi Wealth Fund Builds $2.4 Billion Stake in Food Producer - Bloomberg:
"Saudi Arabia’s sovereign wealth fund became the third-biggest shareholder in Almarai Co. as it boosts investments at home and abroad.
The Public Investment Fund owns 163.2 million shares, or 16.32 percent, of Riyadh-based dairy farm operator and food processor, according to a regulatory filing that didn’t disclose the identity of the seller. The stake is valued at about 9 billion riyals ($2.4 billion) based on Oct. 12 closing prices, according to data compiled by Bloomberg."
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