Saudi Arabia’s sovereign wealth fund is reportedly looking into ways to monetise its around $90 billion (£66.7 billion) stake in Aramco, the world’s largest oil company. The Public Investment Fund is weighing its options, Bloomberg first reported, as Saudi Aramco seeks funds to pursue its ambitious investment plans.
The Fund, which currently owns around a four percent stake in Aramco, has been inviting advisers to pitch options. Avenues currently on the table include a full or partial sale of the holding or raising capital by…Saudi Sovereign Wealth Fund Considers Sale Of $90 Billion Aramco Stake
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