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The investor is basically an extension of the Saudi state, so it's not unthinkable that if they wanted to, there would be an exception made.
by lordnacho 4y ago
The investor is basically an extension of the Saudi state, so it's not unthinkable that if they wanted to, there would be an exception made.
- asah 4y ago...or another entity spun-up to make this investment.
- cm2187 4y agoI suspect it has more to do with accounting standards. After a certain % ownership you need to consolidate the entity in your group, which from a regulatory capital point of view means consolidating all of the RWAs while not getting credit for all the capital in the entity.