Saudi Arabia has put a second stake of state oil giant Saudi Aramco, valued at nearly $78 billion, under the control of the country’s sovereign-wealth fund
Saudi Arabia has put a second 4% stake of state oil giant Saudi Aramco, valued at 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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Saudi Arabia Transfers Aramco Shares Worth Nearly $78 Billion to Wealth FundSaudi 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
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Saudi Aramco 4% stake transferred to PIF's SanabilA 4% stake in oil major Saudi Aramco has been transferred from state ownership to Sanabil Investments, which is wholly owned by the Saudi Arabia's sovereign wealth fund, Crown Prince Mohammed Bin Salman said on Sunday.
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Saudi prince gives 4% Aramco stake to public investment firmSaudi Arabia’s crown prince has announced the transfer of a 4% stake of the oil giant Saudi Aramco to a subsidiary of the kingdom’s sovereign wealth fund. The move Sunday further boosts its coffers as the kingdom tries to expand its economy beyond oil. Crown Prince Mohammed bin Salman’s decision, announced by the state-run Saudi Press Agency, sends the stake to the Saudi Arabian Investment Co., known as Sanabil Investments. Sanabil is under the sovereign wealth fund known as the Public Investment Fund.
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Saudi Arabia to host Hamas chief Haniyeh on Monday: Palestinian sourceHamas political chief Ismail Haniyeh will visit Saudi Arabia for the first such visit in years, according to a Palestinian source
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Saudi stocks gain on rising oil prices; Qatar fallsSaudi Arabia's stock markets ended higher on Sunday after Friday's rise in oil prices, although the Qatari index extended losses for a second session.
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Another Biden Diplomatic Failure: Saudis to Host Palestinian Terror Group HamasJoe Biden continues to boast, without evidence, that he has strengthened relations with U.S. allies, but Saudi Arabia has different ideas, planning a meeting with the Palestinian terror group Hamas on Sunday.
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