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English news

28-Mar-2016

Riyadh identifies a list of 146 state assets for sale

Saudi Arabia has identified c146 state-owned entities that could be privatised or sold to the public, in an attempt to monetise assets to meet budget shortfalls amidst low oil prices and shrinking revenues. The list has been prepared by the Economy and Planning Ministry. It includes subsidiaries of core government ministries and government-related entities (GREs), according to an anonymous source. A final list of state assets planned for privatisation is still underway, but talks had already started with the private sector, according to the same source. The government intends to sell stakes to private investors or offer shares in these entities through IPOs. (MEED)

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