KLP's decision to invest in Saudi oil company is still pending
The Norwegian pension fund is completing an evaluation of Saudi Arabia in regard to responsible investing. The initial listing of Saudi oil company Aramco is expected in December and could become the biggest IPO on record.
One of Norway's largest pension funds KLP is still undecided about investing in the shares of the world’s largest oil and gas company. The state-owned Aramco of Saudi Arabia is set to be listed on the stock exchange for the first time in December and KLP is now completing a comprehensive evaluation of the country, according to news site IPE.
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