Advisor to Erdogan: Saudi journo killed in consulate

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The remark was quoted by the Union of News Agencies of the OIC States in Riyadh on Saturday.

The comments show a determination by the prince, often referred to by his initials MbS, to press ahead with the IPO even after Riyadh's original timetable was undone by scepticism over the company's valuation and a plan for Aramco to buy a controlling stake in the country's biggest chemical producer, Sabic. "I believe we will surpass that target in 2020", the prince said in a Bloomberg interview published on Friday. "So I believe this is not accurate".

Khashoggi had entered the consulate's premises at around 1pm (10:00 GMT) on Tuesday to secure paperwork in order to marry his Turkish fiancee, identified only as Hatice A.

"We would not put, as PIF, another US$45 billion if we didn't see huge income in the first year with the first US$45 billion".

"You can not have 100 percent friends saying good things about you, even in your family. So ever since the relationship started between Saudi Arabia and the United States of America, we've bought everything with money", Prince Mohammed added. "This is not right".

The IPO's delay had its origin in mid-2017, when it became clear that Aramco needed a push into petrochemicals.

"His friends had warned him, 'Don't go there, it is not safe, ' but he said they could not do anything to him in Turkey", said Aktay. Prince Mohammed said he hoped to raise a record $100 billion by selling a 5 percent stake, dwarfing the previous record, set in 2014, when Chinese retailer Alibaba Group Holding Ltd. raised $25 billion.

The most recent statements on when the IPO would happen provided considerable room for maneuver.

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Prince Mohammed said in the Bloomberg interview that the Saudi government will keep the shares of Aramco after the IPO, rather than transfer them into the sovereign wealth fund as originally planned.

Presently, the prince has issued the company and its advisers a new deadline that requires the SABIC acquisition and a huge global share sale to be completed in less than three years.

Prince Mohammed said Trump's latest criticism is different from the Canadian dispute. The state-owned company can pull it off easily due to its low debt, he said.

Prince Mohammed also said the kingdom has met its promise to Washington to make up for Iranian crude oil supplies lost through USA sanctions. "It's part of the sovereignty issues that are stuck, unsolved, between Saudi Arabia and Kuwait for the past 50 years".

He added that investment in the first Vision Fund will help PIF to raise the value of its assets to United States dollars 600 billion by 2020, up from USD 400 billion that it now holds.

"We are now above $300 billion, we're getting close to $400 billion".

Khashoggi, who has been missing since he entered the Saudi consulate in Istanbul on October 2, had been banned from writing in the pan-Arab Al-Hayat newspaper following his defence of the Muslim Brotherhood, which Riyadh has blacklisted as a terror organisation. It (the financial package) will cover Bahrain's needs over five years. Previously, officials had constantly claimed that the deal was ready for the second half of 2018, however, it was announced earlier this year that it has been delayed to 2019.

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