Saudi Arabia's Deputy Crown Prince Mohammed bin Salman reacts upon his arrival at the Elysee Palace in Paris, France in this June 24, 2015 photo. REUTERS/Charles Platiau
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Saudi Arabia's sovereign wealth fund could receive some $106 billion in cash from the sale to the public of a 5 percent stake in oil giant Aramco's parent company, according to the Sovereign Wealth Fund Institute.PIF already holds about $87 billion worth of stakes in local companies including Saudi Basic Industries Corp., the world's second biggest chemicals manufacturer, and National Commercial Bank, the Middle East's second largest lender.In July, PIF acquired a 38 percent stake in South Korea's Posco Engineering & Construction Co. for $1.1 billion.
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