Saudi Arabia Gives $80B Of Aramco Stocks To Sovereign Public Investment Fund

0 80

Saudi Arabia said it will transfer 4% of the stock in the state-run oil giant Aramco to its sovereign Public Investment Fund.

The infusion is valued at nearly $80 billion.

Saudi Crown Prince Mohammed bin Salman made the decision to transfer the stock.

The Public Investment Fund has been Prince Mohammed’s to invest in everything from Uber to British soccer team Newcastle United.

– The Parrot

Leave A Reply

Your email address will not be published.

%d bloggers like this: