Wednesday, 13 December 2017 01:09 GMT
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Saudi Arabia readies launch of first SWF

(MENAFN - Khaleej Times) The central bank has managed investment of the kingdom?s foreign currency reserves until now much of it in us treasury bonds.

saudi arabia is preparing to launch its first sovereign wealth fund or swf to manage budget surpluses from a rise in crude prices estimated at hundreds of billions of dollars state media reported on saturday.

the central bank has managed investment of the kingdom’s foreign currency reserves until now much of it in us treasury bonds.

compiled from afp and staff report


Saudi Arabia readies launch of first SWF

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