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.

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