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FINANCIAL NEWS
Saudi Arabia plans to make new sovereign fund
16 Jan 2016
(MENAFN) Saudi Arabia intends to create a new ruler fund in order to organize part of its oil wealth and expand its investments.
Additionally, the new fund could change the way tens of billions of dollars are financed and influence of the world’s leading asset managers.
The Saudi government sent a “request for proposal” to banks and consultants a year earlier, searching ideas on how to build a new fund.
Moreover, the fund would concentrate on investing in businesses outside the energy industry, like industrials, chemicals, maritime.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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