Saudi Arabia transfers 4% of Aramco shares to state fund

Saudi Arabia transfers 4% of Aramco shares to state fund
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14.02.2022

MOSCOW (MRC) -- Saudi Arabia's Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco shares worth USD80 billion to the kingdom's sovereign wealth fund, reported Reuters with reference to the government's statement on Sunday.The shares will bolster the Public Investment Fund's (PIF) strong financial position and high credit ratings in the medium term, the crown prince said in

Full article at mrcplast.com

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