DUBAI—Saudi Arabia’s sovereign-wealth fund has invested $7.5 billion in blue-chip American companies from Amazon.com Inc. to JPMorgan Chase & Co., as the kingdom deploys windfall revenue from high oil prices to diversify its investments.
The Public Investment Fund took on minority stakes across 17 companies, including Google parent Alphabet Inc., BlackRock Inc. and Microsoft Corp., in the three months ended June 30, according to U.S. securities filings. Each investment was worth $400 million to $500 million, the filings show.
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