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KM Financial Solutions | UPDATE 2-Eyeing $400 billion, Saudi wealth fund aims to nearly double size by 2020
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UPDATE 2-Eyeing $400 billion, Saudi wealth fund aims to nearly double size by 2020

24 Oct UPDATE 2-Eyeing $400 billion, Saudi wealth fund aims to nearly double size by 2020

Posted at 09:13h in News by
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RIYADH, Oct 25 (Reuters) – Saudi Arabia’s main sovereign
wealth fund wants to increase its financial clout to 1.5
trillion riyals ($400 billion) by 2020 as part of the kingdom’s
efforts to boost private-sector growth and wean itself off oil
export dependence.

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