Saudi Arabia transfers 4% of Aramco to investment fund

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Saudi Arabia transfers 4% of Aramco to investment fund

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Feb 14, 2022 author

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AlShorts Web Desk

Saudi Arabia's Crown Prince Mohammed bin Salman transferred 4% of Saudi Aramco shares worth USD80 billion to the kingdom’s sovereign wealth fund. The kingdom remains the largest shareholder in the firm with 94 percent of the company. It offered shares of the oil firm on Riyadh's Tadawul stock market in 2019.

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