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New Giant Saudi Pension Fund Aims to Crack World’s Top 10 Ranks

Merged investor will have assets of more than $250 billion
Fund will hold stakes in Astra, HSBC, local banks, real estate

Daily Life As Reforms Signal A New Era In Saudi Arabia — Photographer: Sean Gallup/Getty Images

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June 20, 2021, 2:19 PM UTCUpdated onJune 21, 2021, 4:00 AM UTC

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Saudi Arabia gave a first glimpse of the ambition behind the merger of two of its pension and insurance funds with a plan to rival the world’s largest investors.