Achi news desk-
What’s worth your time when you’ve already built the world’s largest asset management company?
For Larry Fink, chief executive officer of BlackRock Inc., loves the billions of dollars in assets available in Saudi Arabia as part of the answer. His Gulfstream jet lands in Riyadh several times a year, and he has had at least two private dinners with the de facto ruler Crown Prince Mohammed bin Salman, according to a person with knowledge of the matter. Meanwhile, BlackRock has been quietly increasing its presence in the country: It was the first major global investment manager to open an office in Riyadh, and the company now employs around 20 people there, a local workforce more than its competition. CEO of state-owned oil giant Saudi Aramco, Amin Hassan Ali Nasserhe joined the BlackRock board last year.
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The post BlackRock Hunts for Growth in Saudi Investment Boom by Larry Fink – Bloomberg appeared first on Canada News Media.
