
Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister announced on Sunday the completion of the transfer of 4% of Saudi Aramco's total issued shares from the State's ownership to the Saudi Arabian Investment Company (Sanabil Investments), a wholly owned company of the Public Investment Fund (PIF).
The Crown Prince is Chairman of the Council of Economic and Development Affairs and Chairman of the Board of Directors of PIF.