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FINANCIAL NEWS
Saudi Arabia allocates USD27bn to wealth fund for deals
01 Dec 2016
(MENAFN) Saudi Arabia aims to transfer USD27bn to the sovereign wealth fund in order to boost investments and spread from oil.
Moreover, the funds will be allocated to the Public Investment Fund from the kingdom’s reserves and will focus on global and local deals.
In addition, the kingdom is planning to transform the PIF from a domestically focused investment firm into USD2tr sovereign wealth fund.
Meanwhile, the country’s plans also involve transferring to the sovereign wealth fund the ownership of oil giant Saudi Arabian Oil Co.
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25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
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