Saudi Crown Prince Mohammed bin Salman has transferred 4% of the world’s largest oil company, Saudi Aramco, worth $78 billion, to the country’s sovereign wealth fund. This is reported by the government agency. SPA.
“His Royal Highness the Crown Prince noted that the transfer of a portion of the state stake in Saudi Aramco is a continuation of the Kingdom’s initiatives to strengthen the national economy in the long term, diversify its resources and provide additional investment opportunities.” it was said. .
It was noted that after the takeover, the share of the Saudi Arabian government in oil exporters will be 90.18 percent.
It was previously owned by state-owned oil company Saudi Aramco and the German DHL Supply Chain. announced About the establishment of a joint venture for procurement and logistics in Saudi Arabia.