The Public Investment Fund (PIF), Saudi Arabia s initiative for diversification away from oil, finds itself in an aggressive growth phase with significant investments in tech, airlines, and sports. Now, the country s centerpiece, Crown Prince Mohammed bin Salman, has generously bestowed upon the PIF a staggering $163 billion stake in Saudi Aramco, one of the globe s most profitable public entities. On Thursday, the transferring of an 8% stake in Saudi Aramco, a key element in Saudi Arabia s wealth creation, was officially wrapped up and deeded to the PIF, according to official reports. This 8% portion evaluates to $163 billion that mirrors
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Monday 13 October 2025
Houseofsaud - 2 years ago
A $163B Stake in Aramco – A Gift to PIF from MBS
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