Saudi Aramco Explores Potential Collaboration for Investing in Digital Assets

Saudi Aramco and SBI Holdings Partner to Explore Investment Opportunities

Saudi Aramco, the largest oil and gas company in terms of market capitalization, is considering investing in digital assets. The company, with a market cap of over $2 trillion, has signed a memorandum of understanding (MOU) with SBI Holdings, a financial services group based in Japan. The partnership aims to explore collaboration in various investment fields, including digital assets.

Collaboration in Digital Assets and Co-Investments

The MOU between Saudi Aramco and SBI Holdings outlines their intention to collaborate in the field of digital assets and co-investments. Both parties will leverage their investment portfolios to explore opportunities in this area. SBI Holdings has already made significant investments in companies that utilize digital assets in their business models. Recently, the company partnered with stablecoin company Circle and has an ongoing collaboration with Ripple, a crypto-based payments company.

Supporting Japanese Startups in the Middle East

As part of the collaboration, Saudi Aramco will identify and support Japanese startups in the digital assets sector that are interested in expanding their business to the Middle East. The company will assist these startups in entering and growing their presence in the region. Additionally, the alliance extends to the field of semiconductors, with plans for potential projects and the establishment of factories in Saudi Arabia and Japan through Powerchip Semiconductor Manufacturing Corporation, a Japanese organization.

SBI Holdings Expands into the Middle East

SBI Holdings plans to establish a subsidiary called "SBI Middle East" to expand its influence in the region and explore new business opportunities. This move will allow the company to strengthen its presence in the Middle East and tap into the potential of the market.

Past Investments in Blockchain-Linked Companies

This is not the first time Saudi Aramco has shown interest in blockchain technology. In 2020, the company made its first foray into the blockchain space by investing $5 million in VAKT, a global commodities blockchain digitization business. In February, Saudi Aramco also signed an MOU with Droppgroup, a Web3 tech development platform.

What are your thoughts on Saudi Aramco's potential investments in cryptocurrencies? Share your opinions in the comments section below.

Frequently Asked Questions

How Does Gold Perform as an Investment?

Supply and demand determine the gold price. Interest rates can also affect the gold price.

Gold prices are volatile due to their limited supply. There is also a risk in owning gold, as you must store it somewhere.

What are the fees for an IRA that holds gold?

Six dollars per month is the fee for an Individual Retirement Account (IRA). This fee covers account maintenance fees, as well any investment costs that may be associated with your investments.

If you wish to diversify your portfolio, you may need to pay additional fees. These fees can vary depending on which type of IRA account you choose. Some companies offer checking accounts for free, while others charge monthly fees for IRA account.

Most providers also charge an annual management fee. These fees range between 0% and 1 percent. The average rate per year is.25%. These rates can often be waived if a broker, such as TD Ameritrade, is involved.

Should You Get Gold?

Gold was once considered an investment safe haven during times of economic crisis. Today, many people are looking to precious metals like gold and avoiding traditional investments like bonds and stocks.

While gold prices have been rising in recent years they are still low relative to other commodities, such as silver and oil.

Some experts believe that this could change very soon. Experts predict that gold prices will rise sharply in the wake of another global financial collapse.

They also noted that gold is growing in popularity because of its perceived value as well as potential return.

If you are considering investing in gold, here are some things that you need to keep in mind.

  • First, consider whether or not you need the money you're saving for retirement. You can save money for retirement even if you don't invest in gold. However, when you retire at age 65, gold can provide additional protection.
  • Second, be sure to understand your obligations before you purchase gold. Each one offers different levels security and flexibility.
  • Remember that gold is not as safe as a bank account. You may lose your gold coins and never be able to recover them.

You should do your research before buying gold. And if you already own gold, ensure you're doing everything possible to protect it.

Which precious metal is best to invest in?

This question is dependent on the amount of risk you are willing and able to accept as well as the type of return you desire. Although gold has been considered a safe investment, it is not always the most lucrative. Gold may not be right for you if you want quick profits. You should invest in silver if you have the patience and time.

Gold is the best investment if you aren't looking to get rich quick. If you are looking for a long-term investment that will provide steady returns, silver may be a better choice.


  • If you accidentally make an improper transaction, the IRS will disallow it and count it as a withdrawal, so you would owe income tax on the item's value and, if you are younger than 59 ½, an additional 10% early withdrawal penalty. (
  • Indeed, several financial advisers interviewed for this article suggest you invest 5 to 15 percent of your portfolio in gold, just in case. (
  • This is a 15% margin that has shown no stable direction of growth but fluctuates seemingly at random. (
  • You can only purchase gold bars at least 99.5% purity. (
  • If you take distributions before hitting 59.5, you'll owe a 10% penalty on the amount withdrawn. (

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The History of Gold as an Asset

From the ancient days to the early 20th Century, gold was a common currency. It was universally accepted and loved for its beauty, durability, purity and divisibility. It was also traded internationally due to its high value. However, since there were no international standards for measuring gold at this point, different weights and measures existed worldwide. For example, one pound sterling in England equals 24 carats; one livre tournois equals 25 carats; one mark equals 28 carats; and so on.

In the 1860s the United States began issuing American currency made up 90% copper (10% zinc) and 0.942 gold (0.942 pure). This led to a decline in demand for foreign currencies, which caused their price to increase. The United States began minting large quantities gold coins at this time, which led to a drop in the price. They needed to pay off debt because they had too much money coming into circulation. They decided to return some of the gold they had left to Europe.

Most European countries distrusted the U.S. Dollar and began to accept gold as payment. Many European countries began to use paper money and stopped accepting gold as payment after World War I. The price of gold has risen significantly since then. Even though the price fluctuates, gold is still one of best investments.

By: Sergio Goschenko
Title: Saudi Aramco Explores Potential Collaboration for Investing in Digital Assets
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Published Date: Wed, 13 Dec 2023 09:30:14 +0000

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