EYING AMERICA

U.S. deregulation will bring more Saudi funds, PIF chief says

Yasir Al-Rumayyan says 40% of the Saudi sovereign wealth fund's foreign investments are in American companies – and it could be higher

Saudi Public Investment Fund Governor Yasir Al-Rumayyan at FII Prioriity Summit in Miami (Getty Images)

Saudi Public Investment Fund Governor Yasir Al-Rumayyan says the U.S. needs to cut red tape if it wants more investment from the Gulf kingdom.

Wrapping up the PIF’s FII Priority Summit in Miami Beach on Friday, Al-Rumayyan noted that 40% of...