ADIA weighs investment of at least $1b in Aramco IPO

ADIA weighs investment of at least $1b in Aramco IPO

A view of Emirates Palace hotel from the Abu Dhabi corniche at dusk. Photo: Phillip Glickman

Abu Dhabi Investment Authority (ADIA) is weighing an investment of at least $1 billion in the initial public offering (IPO) of Saudi Aramco, which is relying mainly on Saudi Arabian and Gulf investors to raise up to $25.6 billion, five sources familiar with the matter said.

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