Goes index funds. Reports bloomberg.
Comes after Saudi cuting tie with Softbank.
Which meant Saudi stopping investment in US software startups.
And comes after Saudi alienating Al-walid bin Talal the top billionaire investor from family of Saud by arresting him and taking billions of dollars from him as ransom. He was a blue chip fan and possibly a Saudi investment advisor.
And comes after MbS taking control of KSA.
Not sure if I ever shall get a Saudi visa after this post :V
https://www.bloomberg.com/news/articles/2020-08-14/saudi-wealth-fund-ditches-blue-chip-stocks-adds-etfs