Browse
related articles
Saudi to launch $5bn SWF
- Saudi Arabia: Tuesday, April 29 - 2008 at 13:14
Saudi Arabia is set to launch its first sovereign wealth fund with an initial capital base of 20 billion riyals ($5.3bn), reported the UK's Financial Times. Saudi officials are finalising approval for the fund, which will seek to maximise long-term returns, the Financial Times reported Tuesday, quoting Mansour Al-Maiman, secretary general of the Public Investment Fund, a group operating under the Ministry of Finance. The Public Investment Fund will set up an investment company that will launch the fund.
Related Content
Article Options
Jeff Florian, Senior ReporterTuesday, April 29 - 2008 at 13:14 UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of AME Info FZ LLC / Emap Limited.
Disclaimer »
Articles in this section are primarily provided directly by the companies appearing or PR agencies which are solely responsible for the content. The companies concerned may use the above content on their respective web sites provided they link back to http://www.ameinfo.com
Any opinions, advice, statements, offers or other information expressed in this section of the AMEinfo.com Web site are those of the authors and do not necessarily reflect the views of AME Info FZ LLC / Emap Limited. AME Info FZ LLC / Emap Limited is not responsible or liable for the content, accuracy or reliability of any material, advice, opinion or statement in this section of the AMEinfo.com Web site.
For details about submitting your stories, please read the guide - all content published is subject to our terms and conditions
