Tag: Saudi Aramco

Pensions May 23, 2024

NYC Pensions Fail to Persuade BlackRock Shareholders to Eject Aramco CEO From Board

Despite objections, Amin Nasser was not only overwhelmingly re-elected to BlackRock’s board, but he received nearly 3 million more votes than Chairman Larry Fink.

Asset Allocation May 3, 2024

Irony: BlackRock, Shunned by U.S. Energy-Producing States, Teams Up With Oil-Rich Saudi Arabia

The kingdom, one of the top producers of carbon-based fuel, and the asset management kingpin form an investment partnership.

Pensions August 9, 2023

Saudi Arabia’s PIF Reports $16.5B Loss in 2022

Despite the loss, the fund’s AUM grew to approximately $595 billion thanks to a 4% share transfer from Saudi Aramco.

Asset Allocation April 20, 2023

Saudi Sovereign Wealth Fund Beefs Up With Chunk of Aramco Stock

Receiving 6% of the oil behemoth’s equity, the fund has a long-term goal of diversifying the economy away from oil.