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 […]
- Central Banking
- crude oil
- National Reserve Fund
- Oil
- SAMA
- Saudi Arabia
- Saudi Arabian Monetary Agency
- Shura Council
- Sovereign Wealth Fund
