Friday 26 October 2018

Norway wealth fund plans to double Saudi investments -CEO | Reuters

Norway wealth fund plans to double Saudi investments -CEO | Reuters:

Norway’s sovereign wealth fund expects to double its investments in Saudi Arabia when the country is included in the fund’s reference index a few months from now, Chief Executive Yngve Slyngstad said on Friday.

The fund currently has Saudi assets worth 6.9 billion Norwegian crowns ($824.82 million).

The recent turmoil surrounding the killing of Saudi journalist Jamal Khashoggi did not influence the investments.

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