UPDATE 1-Saudi Arabia considers creating privatisation fund -economy minister:
"Saudi Arabia’s economy minister said on Tuesday that his country was studying the idea of creating a national privatisation fund to facilitate sales of state assets. “Personally I think it is a valid concept,” Mohammed al-Tuwaijri said in an interview. Such a fund would bundle together state assets and be sold to Saudi citizens at a discount, letting them profit from privatisations; it has been suggested by analysts at State Street Global Advisors and elsewhere. However, Tuwaijri added that the idea would need many approvals to become reality."
'via Blog this'
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