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Saudi Arabia transfers 100b riyals to wealth fund for deals
Add BT as a preferred sourcePublished Wed, Nov 30, 2016 · 09:50 PM
Dubai
SAUDI Arabia is transferring 100 billion riyals (S$38.1 billion) to the sovereign wealth fund to boost investments and diversify from oil.
The funds will be allocated to the Public Investment Fund from the kingdom's reserves, according to a statement in the state-run Saudi Press Agency on Wednesday.
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