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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches, Market

Saudi Aramco Share Sale May Raise $106 Billion for Wealth Fund

Posted on 08 April 2016

Saudi Arabia’s sovereign wealth fund could receive $106 billion in cash from the sale of a 5 percent stake in oil giant Aramco’s parent company, according to the Sovereign Wealth Fund Institute.
“Suitable investors in Aramco could be long-term institutional investors such as the Canadian pensions, or even Asian sovereign wealth funds,” the Las Vegas-based consultant and researcher said in a report released on Thursday. “If an Aramco deal goes through, it could be a blueprint for other Saudi state-owned entities to follow, thus, potentially increasing the cash pot of the Public Investment Fund, while enlarging domestic markets.”……………………………………….Full Article: Source


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