SAUDI ARABIA: Bankers and Advisors Hired for Possible Massive Sovereign Wealth Fund
Saudi Arabia could have the world’s largest sovereign wealth fund, displacing Norway’s Government Pension Fund Global (GPFG). Saudi Arabia’s Public Investment Fund (PIF) would be the vehicle to accomplish just that. After the planned initial public offering of Saudi Aramco, PIF could be infused with a ton of cash. SWFI conducted research, based on various sources of information, on the possible size PIF could be. Some estimates see Aramco as high as US$ 10 trillion, while some analysts base it at the lower range of US$ 100 billion due to the proximity of government-control concerns.
REPORT: How Saudi Arabia Can Have the Largest Sovereign Wealth Fund
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