Sarah
04-20-2023, 10:05 AM
Saudi Arabia's Crown Prince Mohammed bin Salman announced Sunday the transfer of a 4% stake of the oil giant Saudi Aramco to Sanabil Investments, a subsidiary of the kingdom's Public Investment Fund (PIF).Experts interviewed by Asharq Al-Awsat said the move supports PIF’s flexibility in capturing local and global investment and strategic economic opportunities, as well as ensures the continuation of plans to drive national economic growth.Crown Prince Mohammed bin Salman indicated that the transfer of part of the State’s shares in Saudi Aramco is a continuation of Saudi Arabia’s long-t
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