RIYADH, (Reuters) – Saudi Arabia’s public pension agency invested 2 billion riyals ($533.3 million) in March in the kingdom’s stock market, its governor said on Tuesday.
“We bought (stocks) worth 2 billion riyals … we will keep investing. The market is promising,” Mohamed al-Kharashi told Reuters on the sidelines of a conference in Saudi Arabia’s capital.
He said the agency invested in banks, telecoms and cement sectors.