Saudi Arabia’s sovereign wealth fund built stakes in two major Canadian oil sands players during the energy market rout.
The Public Investment Fund amassed shares in Calgary-based Canadian Natural Resources Ltd. and Suncor Energy Inc., with a 2.6 per cent and two per cent stake in the companies, respectively. PIF is now the eighth largest shareholder in Canadian Natural and 14th largest in Suncor, according to data compiled by Bloomberg. Read more…..
