Head of the $300 billion Saudi wealth fund on buying during the pandemic: 'We saw opportunity'

H.E Yasir Al-Rumayyan, Public Investment Fund Governor; Aramco Chairman, speaks during the 2020 Delivering Alpha conference on Sept. 20th, 2020.

(This story is for CNBC PRO subscribers only.)

Saudi Arabia's Public Investment Fund (PIF) used the coronavirus-induced sell-off as a buying opportunity and recently took profits on some of those positions, PIF governor and Aramco chairman H.E Yasir Al-Rumayyan told David Faber Wednesday at the CNBC and Institutional Investor's Delivering Alpha conference.

More In Follow the Pros

CNBC ProDan Loeb's hedge fund bailed out of major tech and media stocks in the first quarter
CNBC ProJeff Smith's Starboard Value piles into SPACs even as blank-check market falls apart
CNBC ProWarren Buffett’s Berkshire made a $3 billion bet on Citigroup. Here are his other picks