Home / Companies / News /  Saudi Arabia transfers Aramco shares worth $80 billion to wealth fund
Back

Saudi Arabia transfers Aramco shares worth $80 billion to wealth fund

wsj 4 min read . Updated: 13 Feb 2022, 05:39 PM IST Summer Said, The Wall Street Journal
The transfer of a 4% stake in Aramco will support the Public Investment Fund’s plan to grow its assets under management to over $1 trillion by 2025, from about $480 billion currently, the Saudi government said (Photo: Reuters)Premium
The transfer of a 4% stake in Aramco will support the Public Investment Fund’s plan to grow its assets under management to over $1 trillion by 2025, from about $480 billion currently, the Saudi government said (Photo: Reuters)

Stake transfer is part of plan to boost Public Investment Fund’s assets under management and help diversify kingdom’s oil-dependent economy

DUBAI : Saudi Arabia transferred shares worth about $80 billion in oil giant Aramco to its wealth fund as part of efforts to diversify the kingdom’s hydrocarbon-dependent economy.

OPEN IN APP

Recommended For You

Trending Stocks

Wait for it…

Log in to our website to save your bookmarks. It'll just take a moment.

Yes, Continue

You are just one step away from creating your watchlist!

Login Now

Wait for it…

Oops! Looks like you have exceeded the limit to bookmark the image. Remove some to bookmark this image.

Your session has expired, please login again.

Yes, Continue
×
Get alerts on WhatsApp
 Set Preferences My ReadsWatchlistFeedbackRedeem a Gift CardLogout
x