Sunday, February 13, 2022

Saudi Arabia transfers Aramco stock worth $80B to kingdom's wealth fund

Earns Saudi Aramco

Saudi Arabia said Sunday it will transfer four per cent of the stock in the state-run oil giant Aramco to a sovereign wealth fund, an infusion valued at nearly $80 billion US as the kingdom tries to overhaul its energy-dependent economy.



source https://www.cbc.ca/news/business/saudi-arabia-aramco-stock-transfer-1.6350102?cmp=rss

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