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by Bloomberg
|Friday, January 29, 2021
Saudi Aramco will sell more shares as part of the kingdom s plan to boost the size of its sovereign wealth fund to $1.1 trillion by 2025, according to Saudi Crown Prince Mohammed bin Salman.
(Bloomberg) Saudi Aramco will sell more shares as part of the kingdom’s plan to boost the size of its sovereign wealth fund to $1.1 trillion by 2025, according to Saudi Crown Prince Mohammed bin Salman.
“There are going to be more share sales by Aramco in the following years,” Prince Mohammed said during a video aired Thursday at the Future Investment Initiative in Riyadh. “This cash will be transferred to the Public Investment Fund and be re-injected inside and outside the kingdom of Saudi Arabia for the benefit of the fund.”