Uber Technologies Inc. Has Become The Saudi Public Investment Fund's Largest Single Holding

Uber Technologies Inc. has emerged as the Saudi Public Investment Fund's (PIF) largest single holding by market value in its US portfolio, valued at $5.31 billion for an unchanged stake of 72.84 million shares.

In contrast, Lucid Group Inc., in which PIF continues to hold 1.77 billion shares, saw its market value decline to $4.29 billion.

PIF's US equity portfolio fell to $25.55 billion by March-end, down from $26.77 billion the preceding quarter, amid valuation and position changes.

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