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

Saudi Aramco IPO could raise $106 billion for sovereign wealth fund

Posted on 11 April 2016

Saudi Arabia’s sovereign wealth fund could receive $106 billion in cash from the sale to the public of a 5% 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.
“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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