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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.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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