Saudi Aramco 4% stake transferred to PIF’s Sanabil – Reuters.com

Saudi Aramco 4% stake transferred to PIF’s Sanabil – Reuters.com

DUBAI, April 16 (Reuters) - A 4% stake in oil major Saudi Aramco (2222.SE) 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.

The state remains Aramco's biggest shareholder, owning 90.18% of the company.

Riyadh-based Sanabil is an investment company that commits approximately $3 billion a year to private transactions, its website says.