💰 Financial Record

transfer

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Transaction Details

Amount

USD $9,900,000,000.0

Payer (From)

Investment Income (PIF and SAMA) Linked to Investment Income (PIF and SAMA)

Payee (To)

Saudi Budget Linked to Saudi Budget

Transaction Date

January 01, 2015

Description

Estimated investment income transferred to the budget in 2015 (US$9.9bn total; US$4bn from PIF, US$5bn from SAMA).

Additional Details

Date string: 2015

Amount string: 9900000000

Source document: HOUSE_OVERSIGHT_016117.jpg

📄 Source Document

HOUSE_OVERSIGHT_016117.jpg

ESTATE Collection

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Document Summary

This document is a page from a Merrill Lynch financial research report (GEMs Paper #26) dated June 30, 2016. It analyzes the restructuring of Saudi Arabia's Public Investment Fund (PIF), citing Deputy Crown Prince Mohammed bin Salman's plans to transfer Saudi Aramco ownership to the fund to diversify foreign assets and reduce oil dependence. The report compares Saudi Arabia's sovereign wealth strategy to models in Abu Dhabi, Kuwait, and Norway.

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