Low Oil Prices Force Saudi Arabia To Consider Privatizing State-Held Assets

The world’s largest oil exporter, Saudi Arabia, plans to put up for privatization state-held assets in the healthcare, education, and water utility sectors in order to raise money while its oil revenues have shrunk with the low oil prices and the crash in demand.   Saudi Arabia could receive billions of Saudi riyals from such privatizations over the next five years, its finance minister Mohammad Aljadaan said at a video forum hosted by Bloomberg. The biggest asset sale that Saudi Arabia has made in recent years was the initial public…