{"id":467766,"date":"2022-02-14T09:04:29","date_gmt":"2022-02-14T03:34:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=467766"},"modified":"2022-02-14T09:57:00","modified_gmt":"2022-02-14T04:27:00","slug":"saudi-arabia-moves-80-billion-aramco-stake-to-wealth-fund","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-arabia-moves-80-billion-aramco-stake-to-wealth-fund\/","title":{"rendered":"Saudi Arabia moves $80 billion Aramco stake to wealth fund"},"content":{"rendered":"<p>Saudi Arabia transferred a $80 billion stake in Aramco to the kingdom\u2019s sovereign wealth fund, boosting its assets ahead of plans to tap debt markets for the first time.<\/p>\n<p>The transfer from the government will \u201cbolster the fund\u2019s strong financial position and high credit ratings in the medium term,\u201d the Public Investment Fund said, adding that it \u201crelies on the value of its assets and the returns on its assets under management for its funding strategy.\u201d<\/p>\n<p>The Aramco deal, which essentially transfers an asset from one pocket of the government to another, is the latest move taken to bolster the fund\u2019s assets.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia transferred a $80 billion stake in Aramco to the kingdom\u2019s sovereign wealth fund, boosting its assets ahead of plans to tap debt markets for the first time. The transfer from the government will \u201cbolster the fund\u2019s strong financial position and high credit ratings in the medium term,\u201d the Public Investment Fund said, adding that it \u201crelies on the value of its assets and the returns on its assets under management for its funding strategy.\u201d The Aramco deal, which essentially transfers an asset from one pocket of the government to another, is the latest move taken to bolster the [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-467766","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/467766","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=467766"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/467766\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=467766"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=467766"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=467766"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}