Russia's RDIF working on investor consortium for Aramco IPO-CEO

Reuters, 29.10.2019

RIYADH, Oct 29 (Reuters) - Russian sovereign wealth fund RDIF is working on a consortium of investors for the Aramco IPO, its chief executive said on Tuesday.

"There are several Russian pensions funds who are interested to invest in the Aramco IPO and we have also received indications from our Russia-China fund of some Chinese major institutions also interested in Aramco IPO," Russian Direct Investment Fund (RDIF) head Kirill Dmitriev told reporters at the Future Investment Initiative conference in Riyadh.

"We are waiting for the final details to emerge," Dmitriev said, without mentioning the timeline, but said that Aramco is a particularly interesting investment.