Sovereign wealth
Trading, Broking & Stock Exchanges
Uncategorized
Saudi Arabia Boosts Wealth Fund With $27 Billion Injection
Saudi Arabia is boosting the firepower of its sovereign wealth fund to accelerate dealmaking and lessen the country’s dependence on oil. The Public Investment Fund is receiving a 100 billion-riyal ($27 billion) transfer from official reserves, according to a statement Wednesday on the SPA official news agency, increasing its existing…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Bloomberg