Saudi Arabia's PIF Plans Additional $45 Billion Investment In SoftBank Fund

Saudi journalist 'killed in pre-planned murder at Istanbul consulate'

The remark was quoted by the Union of News Agencies of the OIC States in Riyadh on Saturday.

The comments show 33-year-old Mohammed bin Salman's determination to press ahead with the IPO even after Riyadh's original timetable was undone by scepticism about the company's valuation and a plan for Aramco to buy a controlling stake in the country's biggest chemical producer.

And in order to revive the memory, Prince Mohammed said about the former administration of Barack Obama: "I believe President Obama, in his eight years, he worked against many of our agenda - not in Saudi Arabia, but also in the Middle East". "The oil price depends on trade -- consumer and supplier -- and they decide the oil price based on trade and supply and demand. I can not believe that he has been killed.!" according to the BBC. "Because it will be huge".

The IPO project was first unveiled in 2016 as the cornerstone of the prince's Vision 2030 plan to modernise the Saudi economy. "It's not an opinion of Canada about Saudi Arabia as much as they are giving an order to a different country", bin Salman said.

"We would not put another United States dollars 45 billion if we didn't see huge income in the first year with the first USD 45 billion", said Bin Salam, who is also the PIF's chairman.

"You can not have 100 percent friends saying good things about you, even in your family". "This is not right".

"His friends had warned him, 'Don't go there, it is not safe, ' but he said they could not do anything to him in Turkey", said Aktay.

"So the deal in 2019, one financial year in 2020 and then immediately Aramco will be IPOed". Chief Executive Officer Son plans to raise, Prince Mohammed said in an interview with Bloomberg.

The most recent statements on when the IPO would happen provided considerable room for maneuver.

He further clarified the meaning of Saudi-US relations during Trump's era and said: "Now we are pushing back against extremists and terrorists and Iran's negative moves in the Middle East in a good way".

MbS has therefore given Aramco and its advisers a new deadline, requiring the completion of the Sabic acquisition and a giant global share sale in less than three years. Management and bankers will take some solace from the fact they've already made numerous preparations needed for an IPO, but it remains a daunting agenda. The State Department said it was investigating. That would bring the PIF's contribution to the two funds to US$90 billion, he said.

If Aramco had developed a separate petrochemical business, Sabic would have definitely suffered, Prince Mohammed said, partly because Aramco provides Sabic with the bulk of the fuel it processes into chemicals.

He added that investment in the first Vision Fund will help PIF to raise the value of its assets to United States dollars 600 billion by 2020, up from USD 400 billion that it now holds.

US Sen. Chris Murphy, the Connecticut Democrat who sits on the Senate's Committee on Foreign Affairs, expressed shock over the news.

Saudi Arabia has been engulfed by several controversies since Mohammed bin Salman was named crown prince and heir to the throne in June 2017. We think a 50-year-old issue is nearly impossible to fix in a few weeks.

Related news:

Hot News

isis-killer-beheading-video-story-top Barbara Bush Marries Craig Coyne in Secret Weekend Wedding
Oct 09, 2018 - 16:51
The bride wore a custom light ivory Vera Wang wedding dress with spaghetti strap detail and a cowl draped neckline. Bush honored her late grandmother and namesake, former first lady Barbara Bush , by wearing one of her bracelets.

isis-killer-beheading-video-story-top Yankees Feel Good With Severino On The Hill In Game 3
Oct 09, 2018 - 16:41
Yankees Game 3 starter Luis Severino is an elite vs. elite pitching duel, while Eovaldi vs. The over is 8-1 in the last nine Yankees games overall.

isis-killer-beheading-video-story-top Saints’ Brees becomes NFL’s all-time yards passing leader
Oct 09, 2018 - 15:25
In a victory at Atlanta earlier this season, Brees broke Brett Favre's career record of 6,300 completions. Highlights of the New Orleans Saints' clash with the Washington Redskins in week five of the NFL.

isis-killer-beheading-video-story-top McGregor wants an immediate rematch with Nurmagomedov
Oct 09, 2018 - 14:56
Nurmagomedov also faces the possibility of being stripped of his lightweight title by the UFC if he is hit with a lengthy suspension.

isis-killer-beheading-video-story-top Jurgen Klopp urged to sign creative player in January
Oct 09, 2018 - 14:44
I don't think they'll be challenging for the title, ' the former Manchester United and England defender told Sky Sports . Liverpool are outstanding at what they do but they can not rely on their high-tempo approach every single time.

isis-killer-beheading-video-story-top Kim, Pompeo agree to 2nd US-North Korea summit 'at earliest date'
Oct 08, 2018 - 19:11
China and the United States are at odds over trade and Beijing's militarization of islands it claims in the South China Sea . The latest comments from the Kremlin come after a visit by US Secretary of State Mike Pompeo to North Korea.

isis-killer-beheading-video-story-top F1: Lewis Hamilton wins Japanese GP, Sebastian Vettel finishes sixth
Oct 08, 2018 - 18:28
Vettel tumbled down the order to 19th and while both were investigated by race stewards for the collision, no action was taken. Mercedes' Lewis Hamilton , now commandingly leading the championship after Suzuka, isn't sure why Ferrari has dropped off.

isis-killer-beheading-video-story-top Commission Withholds Khabib Nurmagomedov’s Check, but Conor McGregor Paid
Oct 08, 2018 - 17:56
However for the fight to go ahead, UFC organisers need to overcome a timezone dilemma for pay-per-view buyers in the States. But Joe Lauzon, a UFC fighter from East Bridgewater, said his fellow lightweight blew a big chance last night.

isis-killer-beheading-video-story-top Mourinho says 'manhunt' against him affecting Manchester United players
Oct 08, 2018 - 16:46
If there are some difficulties with the agreements of Brexit, it is my fault. "And I have to be ready for this". It took United another 60 minutes to finally come back in the game via Juan Mata .

isis-killer-beheading-video-story-top Nawaz Sharif chairs PML-Ns CEC meeting in Lahore
Oct 08, 2018 - 15:22
The Bureau quizzed Sharif regarding a tender awarded to a private consultancy company for a survey of the Saaf Pani company. He has previously appeared before NAB on a couple of occasions in both the cases and recorded his statement.

isis-killer-beheading-video-story-top Gary Neville launches blistering attack on Manchester United
Oct 07, 2018 - 18:28
Fans are angry with Ashley as he failed to back Benitez in the window, promising the Spaniard that he could spend any money he generated.

isis-killer-beheading-video-story-top Canada joins allies in condemning 'malicious' Russian cyberattacks
Oct 07, 2018 - 18:26
Dutch Minister of Defence Ank Bijleveld speaks during a news conference in The Hague , Netherlands , October 4, 2018. Some of their mobile phones were also activated in Moscow near the agency's headquarters.

isis-killer-beheading-video-story-top UFC 229 ‘Nurmagomedov vs. McGregor’ - Nurmagomedov vs. McGregor
Oct 07, 2018 - 18:25
Pettis will have a strong case to fight for the title next if he can get past Ferguson, who is riding a 10-fight winning streak. When the bout was announced back in August, Khabib opened as a -200 favorite, while McGregor was listed at +160.

isis-killer-beheading-video-story-top Anfield Hoodoo Haunts Manchester City In Top-Of-Table Clash Against Liverpool
Oct 07, 2018 - 17:42
The Guinean midfielder stayed overnight in a Naples hospital after suffering a back spasm. "But that's no problem; if you work hard, you earn it".

isis-killer-beheading-video-story-top 'First known exomoon may have been discovered'
Oct 07, 2018 - 17:40
Scientists have never had enough evidence to confirm that any exoplanet has a moon orbiting it, but that might be about to change. In the Hubble data, they saw a moon tugging along, "trailing the planet like a dog following its owner on a leash".