Saudi Arabia buys a piece of Carnival Corp.

The Public Investment Fund, Saudi Arabia’s sovereign wealth fund, has acquired an 8.2% stake in Carnival Corp. According to Carnival Corp.’s securities filing on Monday, Saudi Arabia acquired 43.51 million Carnival shares. Carnival’s closing stock price of $8.49 last Friday makes the transaction worth about $370 million. With the news, Carnival Corp.’s share price increasedContinue reading “Saudi Arabia buys a piece of Carnival Corp.”

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