Crown prince announces transfer of 8% Aramco shares to PIF-owned firms

RIYADH: Saudi Crown Prince Mohammed bin Salman on Thursday announced the completion of the transfer of an additional 8 percent of the total issued shares of Saudi Aramco to portfolio companies wholly owned by the Public Investment Fund, the state-run news agency reported.

This brings the state’s ownership to 82.186 percent of Aramco shares, according to SPA, with a cumulative 16 percent transferred to PIF and its subsidiaries.

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