Riyadh – Mubasher: Chairman of Norway's sovereign wealth fund Yngve Slyngstad said that the $1 trillion fund is largely investing in the oil sector, answering a question whether the Government Pension Fund Global will take part in Saudi Aramco's potential initial public offering (IPO).
The top official gave no further details on the fund's potential participation in the Middle Eastern oil giant's IPO, according to Reuters.
The Norwegian fund is planning to pump investment in German medium-sized firms after obtaining approvals from the government, Slyngstad added.
