Saudi wealth fund to become Aston Martin's second-largest shareholder with 17% stake

Saudi wealth fund to become Aston Martin's second-largest shareholder with 17% stake

Aston Martin DB11 in Pinellas Park, United States. Photo: Matthew Ronder-Seid/Unsplash

Aston Martin‘s shares jumped 20% on Friday after the British luxury carmaker announced an capital raising that will see Saudi Arabia’s Public Investment Fund (PIF) become its second-largest shareholder with an almost 17% stake.