8% Aramco stake moved to Saudi PIF wealth fund
RIYADH: Saudi Arabia on Thursday said it transferred an additional 8-percent stake from oil giant Aramco to firms owned by the kingdom’s PIF (Public Investment Fund) sovereign wealth fund, according to state media. Aramco is the jewel of the Saudi economy and the main source of revenue for de facto ruler Crown Prince Mohammed bin […]
Tomas Kauer - News Moderator 
RIYADH: Saudi Arabia on Thursday said it transferred an additional 8-percent stake from oil giant Aramco to firms owned by the kingdom’s PIF (Public Investment Fund) sovereign wealth fund, according to state media.
Aramco is the jewel of the Saudi economy and the main source of revenue for de facto ruler Crown Prince Mohammed bin Salman’s ambitious economic and social reform program known as Vision 2030.
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