Saudi Arabia Looks to Formalize Reserve-Like Sovereign Wealth Fund

Posted on 06/08/2014

The Saudi Arabian Monetary Agency (SAMA) manages hundreds of billions of dollars in foreign currency reserves. The Kingdom of Saudi Arabia is seeking to formalize a sovereign wealth fund. The proposed fund, National Reserve Fund, will be discussed by the Majlis as-Shura, the consultative assembly of Saudi Arabia. The draft law is under debate. The […]

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