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Saudi Arabia announced transfer of 4% of Aramco shares to the Saudi Arabian sovereign wealth fund

The state, according to the crown prince, remains Saudi Aramco's largest shareholder after the transfer procedure, owning more than 94 percent of the company's shares

Saudi Arabia announced transfer of 4% of Aramco shares to the Saudi Arabian sovereign wealth fund
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Saudi Arabia's Crown Prince Mohammed bin Salman announced the transfer of 4% of Saudi Aramco shares to Saudi Arabia's national wealth fund, the Public Investment Fund, on Sunday, according to state news agency SPA.

The state, according to the crown prince, remains Saudi Aramco's largest shareholder after the transfer procedure, owning more than 94 percent of the company's shares.

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