Kuwait
Kuwait to Invest as Much as $1 Billion in Saudi Aramco IPO

(Bloomberg) –Kuwait’s government will invest as much as $1 billion in the initial public offering of Saudi Aramco as the kingdom asks regional allies to bolster the record share sale, according to people familiar with the matter.
The Kuwait Investment Authority had been reluctant to commit significant funds to the IPO, but was told by the government that a stake was in the country’s strategic interest, the people said, asking not to be identified discussing a confidential matter. Kuwait communicated its decision to Aramco on Monday.
Kuwait’s decision follows Abu Dhabi, the oil-rich member of the United Emirates, which has decided to invest $1.5 billion in Aramco, people familiar with the matter said last week.
Read: Kuwait, Bahrain wealth funds to consider investing in Aramco IPO
Bringing in another major investor from the Gulf region will be a relief for Saudi Arabia after plans to market the IPO globally were abandoned. Aramco had high hopes of drawing in sovereign investors, including a big purchase from China, but has yet to announce any firm commitments.
Saudi Arabia is looking to raise more than $25 billion selling a 1.5% stake in the world’s largest oil producer. The institutional part of the book now has bids totaling 144 billion riyals ($38 billion), covering that part of the proposed sale 2.3 times.
Read: Aramco IPO bids reach $44.3 billion as retail offer closes
Kuwait Investment Authority officials couldn’t be reached for comment. Saudi Aramco declined to comment.
–With assistance from Julian Lee.
Economy1 month agoNumber of Workers in GCC Countries Increase From 2021 to 2025
OER Magazines1 month agoDossier Oman: Banking, Finance & Insurance Special Edition
Magazines4 weeks agoOER Magazine April 2026 Issue
Oman1 month agoREVIEW: WHOOP and the Rise of Performance Luxury
Economy2 months agoOPINION: War, Climate, and the Costs We Choose Not to See
News2 months agoHussain Al Maimani Joins MHD Infotech as Senior General Manager
Lifestyle3 weeks agoAP x Swatch Royal Pop: A Rule-Breaking Collaboration That Takes the Royal Oak Off the Wrist
Economy1 month agoElectricity Tariffs Reduced for Residential Use – What It Means for You





































