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|25 October, 2018

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

Russian sovereign wealth fund RDIF said that its Saudi counterpart would become a new partner in the joint Russia-China Investment Fund.

Image used for illustrative purpose only. Cropped Hands Of Business People Holding Jigsaw Puzzle

Image used for illustrative purpose only. Cropped Hands Of Business People Holding Jigsaw Puzzle

Getty Images/Sirinapa Wannapat / EyeEm
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.

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(Reporting by Polina Devitt; editing by Alexandra Hudson) ((Polina.Devitt@thomsonreuters.com; +7 495 775 12 42; Reuters Messaging: polina.devitt.reuters.com@reuters.net))

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