Provided by 7DAYS.ae
Saudi Arabia has said it is setting up a $5.33 billion investment firm that may also be open to partners, rather than a sovereign wealth fund (SWF), and urged countries to keep their doors open to foreign investment.
“We don’t have a sovereign fund but we have many investment funds,” Saudi finance minister Ibrahim Al-Assaf said yesterday. “What we are setting up is an investment company, not a sovereign fund.”
Read more UAE News on
www.7days.ae
Copyright 2008, by
7DAYS
. All rights reserved
Biggest lender is coming
ADSM is no more 