October 25, 2018 / 3:30 PM / 18 days ago

Russian sovereign wealth fund attracts Saudi partner to its fund with China

MOSCOW, Oct 25 (Reuters) - Russian sovereign wealth fund RDIF said on Thursday that Saudi Arabia’s sovereign wealth fund Public Investment Fund (PIF) would become a new partner in the joint Russia-China Investment Fund.

As part of the agreement, Saudi’s PIF will contribute $500 million to the investment fund, raising its total capital under management to $2.5 billion, Russia’s RDIF added in a statement. (Reporting by Polina Devitt; editing by Alexandra Hudson)

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