Saudi Arabia transfers 4% of Aramco shares to sovereign fund
Published: 05:02 AM,Feb 13,2022 | EDITED : 09:02 AM,Feb 13,2022
CAIRO - Saudi Arabia's Crown Prince Mohammed bin Salman announced the transfer of 4% of Saudi Aramco shares to the Public Investment Fund, Saudi Arabia's sovereign wealth fund, the state news agency SPA reported on Sunday.
The crown prince said the state remains the largest shareholder in Saudi Aramco after the transfer process, as it owns more than 94% of the company's shares.
The crown prince said the state remains the largest shareholder in Saudi Aramco after the transfer process, as it owns more than 94% of the company's shares.