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Aramco IPO could raise US$106b for Saudi wealth fund

Saturday, April 9, 2016 - 05:50

Dubai

SAUDI Arabia's sovereign wealth fund could receive US$106 billion in cash from the sale to the public of a 5 per cent stake in oil giant Aramco's parent company, according to the Sovereign Wealth Fund Institute (SWFI).

"Suitable investors in Aramco could be long-term

sentifi.com

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