Norway's USD 1.3trn fund dumped Saudi shares, added Qatar

Norway’s sovereign wealth fund slashed its exposure to Saudi Arabian stocks last year while boosting its portfolio in neighboring Qatar by almost seven times.

BY FILIPE PACHEO & LARS ERIK TARALDSEN / BLOOMBERG NEWS

Total holdings of shares in Riyadh fell to about USD 194m as of the end of December from USD 420m the year before, according to data from Norges Bank Investment Management, which manages the fund.

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