Latest News for: Sovereign wealth

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A possible inclusion of Aramco chief on RIL board puts focus back on $15 billion investment by Saudi giant

The Times of India 21 Jun 2021
Yasir al-Rumayyan, chairman of Saudi Aramco and governor of the kingdom’s $430 billion sovereign wealth fund, may join the board of Reliance Industries (RIL ... With an aim to become the world’s "most impactful investor" and the largest sovereign wealth fund, PIF has been at the ...
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Shock £5.5bn Morrisons offer set to spark bidding war

Yahoo Daily News 21 Jun 2021
Morrisons ... Nick Bubb, an independent retail analyst, said. “It is possible that Amazon will gatecrash the party and come in with an offer themselves ... Czech billionaire Daniel Kretinsky launched a raid on Sainsbury’s in April, increasing his stake to almost 10pc by buying shares worth more than £300m from Qatar’s sovereign wealth fund ... He says ... .
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Saudi Aramco closes $12.4b deal with consortium including Mubadala

Marietta Daily Journal 20 Jun 2021
20—DUBAI — An international investor consortium ...
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Malaysia's Sunway plans to sell healthcare stake to Singapore's GIC

Straits Times 20 Jun 2021
However it was unclear which healthcare business it would be selling to Singapore's sovereign wealth fund, the report said. Sunway declined to comment, while GIC did not immediately respond to a request for comment outside of work hours .......
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How a $600 billion wealth fund got caught in political crossfire

Live Mint 20 Jun 2021
A $600 billion sovereign wealth fund is caught in the cross-hairs of a political power struggle that’s roiling one of the world’s richest countries ... The result is a country that despite its enormous wealth is ill-prepared to withstand external shocks such as Covid-19.
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Is it time for India’s own sovereign wealth fund?

The Times of India 19 Jun 2021
China Investment Corporation (CIC) is the official sovereign wealth fund (SWF) of China ... The need to set up a sovereign wealth fund, with expert investment professionals at its helm, to manage India’s gigantic reserves cannot be more underscored.
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Aramco Closes $12 Billion Pipeline Deal With China, UAE Backing

Yahoo Daily News 19 Jun 2021
(Bloomberg) --. China’s Silk Road Fund and Hassana Investment Co., controlled by the Saudi Arabian government, joined a group investing $12.4 billion in Saudi Aramco’s oil pipelines. The consortium, led by U.S ... The group includes Abu Dhabi sovereign wealth fund Mubadala Investment Co ... .
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Fitch revises Saudi National Bank's outlook on lender's resilience and improving environment

The National 19 Jun 2021
Fitch Ratings upgraded Saudi National Bank's outlook from negative to stable, citing its resilient financial metrics and an improving operating environment ... Read More ... Shareholders approve merger of NCB and Samba banks ... The Public Investment Fund, the kingdom’s sovereign wealth fund, is the biggest shareholder in SNB with a 37.2 per cent stake ... .
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Fitch revises Saudi National Bank's outlook on financial resilience and improving environment

The National 19 Jun 2021
Fitch Ratings revised its outlook on Saudi National Bank (SNB), the country’s biggest lender, to stable from negative, citing its resilient financial metrics and an improving operating environment ... Read More ... The Public Investment Fund, the kingdom’s sovereign wealth fund, is the biggest shareholder in SNB with a 37.2 per cent stake ... .
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Ares Management looks to build Middle East presence

The National 19 Jun 2021
Ares Management Corporation, a New York-listed financier with $144.3 billion (Dh529.9bn) of assets under management, is bullish about plans to grow its business in the Middle East, despite a slowing global economy ... The company has an office in Dubai with four employees ... Why sovereign wealth funds are adding economic development to their mandates ... .
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Bluerock Total Income+ Real Estate Fund Announces 34th Consecutive Quarterly Distribution at a 5.25% Annualized Rate

The Oneida Daily Dispatch 19 Jun 2021
The Fund utilizes an exclusive partnership with Mercer Investment Management, Inc., the world's leading advisor to endowments, pension funds, sovereign wealth funds and family offices globally, with over 3,300 clients worldwide, and over $15.0 trillion in assets under advisement.
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Pensana raises £15m for early works in Angola

Mining Weekly 18 Jun 2021
Some uptakers of the latest fundraising include SI Capital, WH Ireland and ...
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GIC-backed ThoughtWorks' parent firm files for US listing

Straits Times 18 Jun 2021
ThoughtWorks, which helps firms digitise their operations, was valued at US$4.6 billion (S$6.2 billion) after a US$720 million funding round in January from investors including Singapore's sovereign wealth fund GIC and ...
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GIC-backed consultancy firm ThoughtWorks' parent company confidentially files for US IPO

Straits Times 18 Jun 2021
ThoughtWorks, which helps firms digitise their operations, was valued at US$4.6 billion after a US$720 million funding round in January from investors including Singapore's sovereign wealth fund GIC and Germany-based technology company Siemens ... � ....
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EIG-Led Consortium Closes $12.4 Billion Infrastructure Deal with Aramco

The Marshall News Messenger 18 Jun 2021
... Mubadala Investment Company, an Abu Dhabi Sovereign Investor, Silk Road Fund, Hassana and Samsung Asset Management ... EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe.
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