• Home
  • Kuwait Confirms $1Billion Investment in Saudi Aramco’s IPO
On Monday December 2, 2019, the Kuwait Investment Authority communicated its decision to invest in the Saudi Aramco IPO following government advisement that a stake was in the country’s strategic interest. Kuwait’s move follows the UAE's decision to invest $1.5 billion in Aramco. A second major investor from the Gulf region will be a relief for Saudi Arabia after plans to market the IPO globally were abandoned.

Kuwait Confirms $1Billion Investment in Saudi Aramco’s IPO

On Monday December 2, 2019, the Kuwait Investment Authority communicated its decision to invest in the Saudi Aramco IPO following government advisement that a stake was in the country’s strategic interest.

Kuwait’s move follows the UAE’s decision to invest $1.5 billion in Aramco. A second major investor from the Gulf region will be a relief for Saudi Arabia after plans to market the IPO globally were abandoned.

Subscribe
Subscribe to Receive Latest Updates from GIF.