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

Saudi Wealth Fund May Be World’s Least Transparent

Posted on 02 November 2016

Fund set to take ownership of Saudi Aramco names none of its investments, institute notes. A Saudi Arabian sovereign-wealth fund being prepared to take ownership of state-owned oil giant Saudi Arabian Oil Co. is less transparent than a fund belonging to Equatorial Guinea that currently ranks as the most opaque in the world, according to a new report.
The fund has a website with one page in Arabic and another in English that says it is “under development.” The fund didn’t respond to a request for comment……………………………………Full Article: Source


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