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Company announced Aramco Saudi ArabiaIt is a reference to the state’s announcement regarding the transfer of 8% of the company’s total issued shares from state ownership to portfolios of companies wholly owned by the Public Investment Fund. After the transfer process, the state remains the largest shareholder in the company, as it owns 82.186% of the company’s shares.
The company explained in a statement on Tadawul that the transfer process is a private process, and the company is not a party to it and has not entered into any agreements regarding it, and the company is not responsible for any payments or returns resulting from the transfer process.
She indicated that the transfer process will not affect the total number of the company’s issued shares, and that the transferred shares are ordinary shares similar to the company’s other ordinary shares.
She stressed that there will be no impact on the company’s business, strategy, dividend policy, or governance framework, indicating that she will announce any material development at a time in accordance with the applicable rules and regulations.
According to data numbersPrince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince, Prime Minister, Chairman of the Council of Economic and Development Affairs, Chairman of the Board of Directors, announced Public Investment FundCompleting the transfer of 8% of the total issued shares of Saudi Aramco from state ownership to portfolios of companies wholly owned by the Public Investment Fund.
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