Saudi Arabia put a second 4% stake of state oil giant Aramco under the control of the country’s sovereign-wealth fund, as the kingdom leverages a year of high oil prices toward diversifying its economy
Saudi Arabia has put a second 4% stake of state oil giant Saudi Aramco, worth nearly $78 billion, under the control of the country’s sovereign-wealth fund, as the kingdom leverages a year
of high oil pricesThe shares are expected to be transferred to the Saudi Arabian Investment Company—known as Sanabil Investments—which is wholly owned by Saudi Arabia’s Public Investment Fund.
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