Saudi Arabia announces transfer of 4% Aramco shares to sovereign wealth fund
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.
- Feb 13, 2022,
- Updated Feb 13, 2022 11:35 AM IST
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, 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.
Also read: RIL, Saudi Aramco call off $15-bn deal amid valuation differences: Report
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, 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.
Also read: RIL, Saudi Aramco call off $15-bn deal amid valuation differences: Report