The Public Investment Fund, the sovereign wealth fund of Saudi Arabia, has bought an 8.2% stake in Carnival Corporation.
The acquisition of the stakes has increased the Carnival Corp shares by approximately 30%.
PIF acquired approximately 43.5 million shares, which is valued at $369.3m, according to the closing time of Friday.
PIF is the second-largest investor of Carnival, according to data from Refinitiv Eikon.
Carnival Corporation owns nine cruise lines, Carnival Cruise Line, Princess Cruises,...
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