RIYADH Nov 30 Saudi Arabia's King Salman
approved the allocation of 100 billion riyals ($26.67 billion)
from the kingdom's reserves to the Public Investment Fund on
Wednesday, according to a statement carried by state news agency
The funds would be used to support both foreign and local
investment, particularly opportunities in the local market that
would help to build the private sector, the statement said.
It did not elaborate on a timeline for the investments.
($1 = 3.7498 Saudi riyals)
(Reporting by Ahmed Tolba, writing by Katie Paul, editing by G