Automotive Feb 24, 2022 08:59 AM (GMT+8) · EqualOcean
The Saudi sovereign wealth fund (Public Investment Fund) is exploring how to cash in its 4% stake in Saudi Aramco (about $86 billion). According to people familiar with the matter, the negotiations are at an early stage and no decision has been made on which path to choose, including selling all or part of these shares or raising funds by issuing convertible bond instruments or loans to mortgage these shares.
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