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FINANCIAL NEWS
Saudi’s Aramco raises USD 106bn for wealth fund
09 Apr 2016
(MENAFN) Saudi Arabia’s sovereign wealth fund could get USD 106bn from the sale of the public of a 5 percent share in oil giant Aramco’s Co.
Accordingly, suitable investors in Aramco could be long-term institutional investors like the Canadian pensions.
Moreover, if Aramco deal achieved, it could be a blueprint for other Saudi state-owned entities to follow.
On the other hand, the kingdom’s Public Investment, which controls more than USD 2tr of assets.
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