Saudi Arabia is 'running out of money' and needs the Aramco IPO cash, ex-CIA director says
Please log in to like, share and comment!
• David Petraeus, former CIA chief, says that Saudi Arabia is running out of money and needs Aramco's IPO to fuel its investments in the coming years.
• Petraeus said that the Kingdom's budget deficit depends on the price of Brent crude, which means that the country's economy is in part tied to Aramco's success to fund its Vision 2030 plan.
• The ex-CIA chief said that KKR Global Institute, which he chairs, put $2 billion into the UAE and was now looking at other places to invest.
• View Business Insider's homepage for more stories.