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Reinvesting Aramco IPO cash will certainly help federal government incomes: priest

SUBMIT IMAGE: An indication of Saudi Aramco’s going public (IPO) is seen throughout a press conference by the state oil firm at the Plaza Meeting Facility in Dhahran, Saudi Arabia November 3,2019 REUTERS/Hamad I Mohammed/File Picture

DUBAI (Reuters) – Saudi Arabia’s money priest on Monday claimed that reinvesting cash from the going public (IPO) of oil team Saudi Aramco would certainly assist to produce even more income networks for the federal government.

Talking after the launch of the 1.02 trillion riyals($27200 billion) 2020 spending plan, Mohammed al-Jadaan claimed the spending plan’s income assumptions were traditional because of the bleak worldwide financial overview.

Coverage by Marwa Rashed as well as Davide Barbuscia. Modifying by Jane Merriman



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Hi, this may be interesting you: Reinvesting Aramco IPO cash will certainly help federal government incomes: priest! This is the link: https://peoplehealthnews.com/reinvesting-aramco-ipo-money-will-aid-government-revenues-minister/