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Saudi says 8% Aramco stake transferred to PIF wealth fund portfolio
Saudi says 8% Aramco stake transferred to PIF wealth fund portfolio
Economy
by  AFP

Saudi Arabia on Thursday said it transferred an additional eight percent stake from oil giant Aramco to firms owned by the kingdom's PIF sovereign wealth fund, according to state media. Last year, four percent of Aramco's shares, worth tens of billions of dollars, were transferred to Sanabil Investments, a firm controlled by the PIF, one of the world's biggest sovereign wealth funds.