Wed, Aug 27, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, People

Saudi sovereign wealth fund plan attracts debate in advisory body

Posted on 11 June 2014

A proposal to set up a Saudi Arabian sovereign wealth fund attracted debate at a meeting of the kingdom’s influential Shura council advisory body but failed to yield a result, state media reported on Tuesday. A report by the council’s financial committee has said the National Reserve Fund, which would invest part of the kingdom’s vast hydrocarbon wealth, would build on its financial stability.
Details of its investment strategy have yet to be disclosed publicly, but if the proposed fund is run like the sovereign wealth funds of other wealthy Gulf states such as Qatar and Abu Dhabi, it could mean a change in the way Saudi money flows through global markets………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 14633 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

August 2014
M T W T F S S
« Jul    
 123
45678910
11121314151617
18192021222324
25262728293031