{"id":570102,"date":"2023-04-17T12:24:42","date_gmt":"2023-04-17T06:54:42","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=570102"},"modified":"2023-04-17T12:24:42","modified_gmt":"2023-04-17T06:54:42","slug":"saudi-arabias-crown-prince-announces-transfer-of-4-stake-aramco","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/saudi-arabias-crown-prince-announces-transfer-of-4-stake-aramco\/","title":{"rendered":"Saudi Arabia\u2019s crown prince announces transfer of 4% stake Aramco"},"content":{"rendered":"<p>Saudi Arabia\u2019s crown prince announced on Sunday the transfer of a 4 per cent stake of the oil giant Saudi Aramco to a subsidiary of the kingdom\u2019s sovereign wealth fund, further boosting its coffers as the kingdom tries to expand its economy beyond oil.<\/p>\n<p>Crown Prince Mohammed bin Salman\u2019s decision, announced by the state-run Saudi Press Agency, sends the stake to the Saudi Arabian Investment Co, known as Sanabil Investments. Sanabil is under the sovereign wealth fund known as the Public Investment Fund.<\/p>\n<p>\u201cThe transfer will also solidify PIF\u2019s strong financial position and credit rating,\u201d the statement about the deal said. It gave no possible investment targets for either Sanabil or the PIF.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saudi Arabia\u2019s crown prince announced on Sunday the transfer of a 4 per cent stake of the oil giant Saudi Aramco to a subsidiary of the kingdom\u2019s sovereign wealth fund, further boosting its coffers as the kingdom tries to expand its economy beyond oil. Crown Prince Mohammed bin Salman\u2019s decision, announced by the state-run Saudi Press Agency, sends the stake to the Saudi Arabian Investment Co, known as Sanabil Investments. Sanabil is under the sovereign wealth fund known as the Public Investment Fund. \u201cThe transfer will also solidify PIF\u2019s strong financial position and credit rating,\u201d the statement about the deal [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,215,148],"tags":[],"class_list":["post-570102","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/570102","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=570102"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/570102\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=570102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=570102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=570102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}