{"id":468002,"date":"2022-02-14T12:33:13","date_gmt":"2022-02-14T07:03:13","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=468002"},"modified":"2022-02-14T12:33:13","modified_gmt":"2022-02-14T07:03:13","slug":"saudi-arabia-transfers-4-of-aramco-shares-worth-80-billion-to-public-investment-fund","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-arabia-transfers-4-of-aramco-shares-worth-80-billion-to-public-investment-fund\/","title":{"rendered":"Saudi Arabia transfers 4% of Aramco shares worth $80 billion to Public Investment Fund"},"content":{"rendered":"<p>Saudi Arabia said Sunday it will transfer 4% of the stock in the state-run oil giant Aramco to a sovereign wealth fund, an infusion valued at nearly $80 billion as the kingdom tries to overhaul its energy-dependent economy.<\/p>\n<p>The announcement on the state-run Saudi Press Agency comes as the oil firm is valued at just under $2 trillion and as oil trades above $90 a barrel \u2014 its highest level since 2014.<\/p>\n<p>Saudi Crown Prince Mohammed bin Salman, the assertive son of King Salman, made the decision to transfer the stock, the state media report said.               <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia said Sunday it will transfer 4% of the stock in the state-run oil giant Aramco to a sovereign wealth fund, an infusion valued at nearly $80 billion as the kingdom tries to overhaul its energy-dependent economy. The announcement on the state-run Saudi Press Agency comes as the oil firm is valued at just under $2 trillion and as oil trades above $90 a barrel \u2014 its highest level since 2014. Saudi Crown Prince Mohammed bin Salman, the assertive son of King Salman, made the decision to transfer the stock, the state media report said.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,223,150],"tags":[],"class_list":["post-468002","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-tribune","category-the-tribune"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/468002","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\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=468002"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/468002\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=468002"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=468002"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=468002"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}