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Saudi Arabia, United States
BlackRock losing patience with mirage of Saudi investment

BlackRock office in San Francisco, California, on 15 July 2024.
BlackRock office in San Francisco, California, on 15 July 2024. © Justin Sullivan/Getty Images via AFP
US investment giant BlackRock is privately unhappy at not getting more investments from Saudi Arabia's sovereign wealth fund, despite stepping up its presence in Riyadh. This has created an aura of end of reign around Yasir al-Rumayyan, the historic master financier of Mohammed bin Salman's mega-projects. Officially, however, the fund denies having any disagreement with the Saudi authorities. [...]
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International Dealmaking

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