Saudi Crown Prince announced the completion of the transfer of 4 per cent of the total shares of Aramco to Sanabil Investment
Riyadh: Saudi Crown Prince Mohammed bin Salman on Sunday announced the completion of the transfer of 4 per cent of the total shares of Aramco from Kingdom ownership to the Saudi Arabian Investment Company, Sanabil Investment, owned by the Public Investment Fund (PIF), the Saudi Press Agency (SPA) reported.
This comes as a continuation of the Kingdom’s initiatives aimed at strengthening the national economy in the long term and diversifying its resources.
Mohammed bin Salman stressed that the transfer process contributes to maximizing the assets of the Public Investment Fund (PIF) and increasing its investment returns, which enhances the fund’s strong financial position and credit rating.
