Saudi Arabia’s oil giant, state-held Aramco, could think about selling more of its shares under the right market conditions, the governor of the Kingdom’s Public Investment Fund (PIF) said on Tuesday. Yasir Al-Rumayyan, head of Saudi Arabia’s sovereign wealth fund, was discussing the fund’s new strategy for 2021 through 2025 during a news briefing, as carried by Reuters.
PIF’s program 2021 – 2025 targets to raise the fund’s assets under management to US$1.07 trillion, and invest 21 percent of its assets…Saudi Oil Giant Aramco Could Sell More Stock Under Right Market Conditions
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