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Bahrain sovereign fund CEO says hopes to invest in Aramco IPO

Reuters  |  ST PETERSBURG, Russia 

By Sujata Rao and Andrey OstroukhST PETERSBURG, Russia (Reuters) - Bahrain's sovereign wealth fund Mumtalakat hopes to take part in the initial public offering (IPO) of shares in Saudi state oil giant Aramco, the fund's CEO told Reuters, predicting additional opportunities from the kingdom's reform programme.Saudi Aramco, the world's biggest oil producer, plans to list around 5 percent of its stock on multiple exchanges next year with the aim of raising as much as $100 billion. That could value the firm at around $2 trillion."Everyone globally has his eyes (on Aramco) and the mind boggles ...

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First Published: Thu, June 01 2017. 14:06 IST
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