Saudi Arabia is seeking to raise funds through the sale of dollar-denominated sukuk to address a $21 billion budget deficit and finance Crown Prince Mohammed bin Salman's economic diversification initiatives. The kingdom successfully raised $5 billion through this sukuk sale. Meanwhile, Wall Street's money managers are concerned that Saudi Arabia's $925 billion wealth fund may shift its focus from global investments to increased domestic spending.
Saudi Arabia is trying to borrow its way through a fiscal squeeze caused by the need to fund huge projects championed by Crown Prince MBS https://t.co/Q2ijsRVqAw
Wall Street's money managers worry Saudi Arabia's $925 billion wealth fund may pivot away from global investments to ramp up domestic spending https://t.co/L0GwRmSNCs via @MattMartin128 @DNair5 @NicolasParasie https://t.co/Lmz1Rkn8Vt
Private Equity Titans Fret Over Saudi Wealth Fund’s Local Pivot (video) https://t.co/cJ087que78 via @business #PrivateEquity
Saudi Arabia raised $5 billion through the sale of dollar-denominated sukuk as it seeks to plug a hole in its finances and fund spending on an economic diversification drive. https://t.co/D3NtRYDZPE via @cmarie_burke @olgavoitova3
Wall Street's money managers fear Saudi Arabia's $925 billion wealth fund may pivot away from global investments to ramp up domestic spending https://t.co/AKMobblbwR via @business
Wall Street's money managers fear Saudi Arabia's $925 billion wealth fund may pivot away from global investments to ramp up domestic spending https://t.co/N2zMSTnw3u
Saudi Arabia is reportedly trying to plug a $21 billion deficit by selling bonds https://t.co/2BnhhUE8Xf
Saudi Arabia is looking to raise money through the sale of dollar-denominated sukuk, as it seeks to fund spending on Crown Prince Mohammed bin Salman’s economic diversification drive https://t.co/l6DE9woyvn