Norway fund to double investments in Saudi Arabia
Norway's sovereign wealth fund, the world's largest, plans to more than double its investments in Saudi Arabia after it is included in the fund's reference index soon, Chief Executive Yngve Slyngstad said on Friday.
The fund currently has Saudi assets worth 6.9 billion crowns ($825 million), spread over 42 companies including banks, petrochemicals and healthcare firms.
The fund's reference index, the FTSE, will include Saudi Arabia in the coming year.
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