Saudi Arabia’s oil giant, state-held Aramco, could think about selling more of its shares under the right market conditions, the governor of the Kingdom’s Public Investment Fund (PIF) said on Tuesday. Yasir Al-Rumayyan, head of Saudi Arabia’s sovereign wealth fund, was discussing the fund’s new strategy for 2021 through 2025 during a news briefing, as carried by Reuters . PIF’s program 2021 – 2025 targets to raise the fund’s assets under management to US$1.07 trillion, and invest 21 percent of its assets in new and growth sectors. If the Saudi fund reaches the US$1.07 trillion assets by 2025, it would be one of the largest sovereign wealth funds in the world. Currently, Norway’s Government Pension Fund Global, the so-called oil fund, is the biggest sovereign wealth fund in the world, with a total market value of US$1.22 trillion in 2020. Saudi Arabia’s PIF had assets under management of around […]