Dubai
Saudi Arabia’s Public Investment Fund (PIF) has reduced its equity holdings in US companies by almost $3 billion, including selling its remaining stake in Warren Buffett’s Berkshire Hathaway, according to new official figures. The PIF cut its exposure to American firms to $7.05 billion as of Sept. 30, down 30 percent from $10.1 billion the previous quarter, it said in a filing on Monday to the US Securities and Exchange Commission (SEC).—AN
