Saudi Wealth Fund Teases The Sale Of Its $85-Billion Aramco Stake ...Middle East

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Saudi Wealth Fund Teases The Sale Of Its $85-Billion Aramco Stake
The Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund, could soon have an announcement about a possible sale of part of its 4% stake in Saudi Aramco, which is currently worth around $85 billion, the governor of the fund, Yasir Al-Rumayyan, told Bloomberg in an interview on Tuesday. Al-Rumayyan said that investors and analysts should “stay tuned” for news on the fund potentially selling down its stake in the state oil giant, which is the world’s largest oil company by production and market value. At the beginning…

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