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Saudi Central Bank Boosts Stake in Visa Inc.

Guavy AI Editorial Team
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Saudi Central Bank has increased its stake in Visa Inc., buying an additional 55,453 shares during the second quarter. This represents a 89.1% increase in the bank's position in the credit-card processor.

The value of Saudi Central Bank's holdings in Visa at the end of the most recent quarter was $40,374,000.

Visa's stock price has been steadily increasing, with a current market capitalization of $668.20 billion and a price-to-earnings ratio of 31.84.

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