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Sannabil for Investment

Sannabil for Investment latest

Saudi Arabia's Crown Prince Transfers 4% of Aramco Shares to Public Investment Fund
April 18th, 2023 - 08:22 GMT

Saudi Crown Prince shifts 4% of Aramco shares to fund

ALBAWABA - Saudi Arabia's Crown Prince Mohammed bin Salman announced the transfer of 4 percent of the shares of his country's largest oil company to a public fund to shore up economic activity in the oil-rich kingdom, according to the state Saudi Press Agency (SPA). The shares of the Saudi Arabian Oil Company, also known as Aramco, were shifted from state ownership to Saudi Arabia Public Investment Fund's subsidiary, "Sannabil ...
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