Aramco Sabic, Bloomberg, Kuwait discussed on Biz 1190 Overnight featuring Bloomberg Radio


Mean, it looks good. It looks it looks as if it's going really well. So do you think? Being phenomenal as an investor and you've seen plenty of bone issues. Would you say this is something to to buy more often the secondary market on the reading of the data that you have I suspect it's going to be too pricey in the secondary market. But I don't know. I mean, if I say to a fun match to buy something he does he sells. So you been. They'll probably by now rather than. Okay. But you could rich aka could it could cheap an perhaps in the second in this. I'm not sure I mean, I think the demand is so massive. That from what I read. It's it's going to go. Well, okay. Is this a seminal moment? Eight let's say in society as a as a turning point in sight, easy story, the Aramco SABIC, and you can tag on the story because it is the big based in the market is it a pivotal moment. Yeah. I think so I mean around coast, clearly, a very powerful company, and definitely the way this is gone must be a real boost to their their ambitions per Ramco. Now, I know that you go and see the people when you're Dhabi when you're in Kuwait. And when you're in various other countries, the oil markets on a five-month high. Are you seeing are you seeing any step change of flow of money from the southern wealth funds in t I think the sovereign wealth funds clearly doing. A lot better than they were when the price was twenty thirteen so, yeah, no, we we definitely accumulating more and and invested more. I I suppose the question as as in terms of the oil market. Do you see a new momentum? When you go. I didn't you talk to the investors in this region. What is the risk appetite right now when you talk to? It for vestments. It's good. I mean, looking like the rest of the world probably more alternatives than just shall we say straight equities or straight bonds. So everyone globally is raising their that target in in alternative. So I would expect to see globally going from about fifteen percent to twenty percents over the next over the next few years. So so hopefully, we can help help some of these these big asset owners achieve that target say if they maturity shift their targets there's a natural level of fight for the business. I mean five percents of the global pots of money is a huge sum of money. It doesn't sound huge amount. But it, but it, but it is. It's anybody talking about what Norway did in terms of their new edict. Let's say four four emerging markets in shifting their position on defeating. That's going to have a material impact at all among no material. Impact because they they they came up with more of a compromise. I think it was yesterday. Yeah. I think I think it will be it will be it will be a sensible steady move. I think I'm on Grinch watch recession watch all around the world. I ahead. It's on my Bloomberg. And when you see the fed pivoting, so I would say so aggressively maybe.

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