Saudi Aramco's 4% stake transferred to PIF's Sanabil Investments

Saudi Aramco's 4% stake transferred to PIF's Sanabil Investments

The Saudi Aramco logo is pictured at the company's oil facility in Saudi Arabia, REUTERS/Maxim Shemetov

A 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.