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Sovereign Wealth Funds Briefing - Categorized | Market

Saudi king denies US seeking funds

Posted on 01 December 2008

From Zawya.com: Saudi Arabia’s King Abdullah Bin Abdul Aziz denied the US is seeking billions from the Gulf Co-operation Council (GCC), including Saudi Arabia, as part of its efforts to overcome the financial crisis.

He stressed that Saudi Arabia and other Gulf states did not and will not give any amount of money to the US for that purpose. “All major countries in the world have been affected by the economic meltdown amounting to trillions and therefore, they are not in need of mere billions from the Gulf,” he said….. Full Article: Source


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