{"id":5526,"date":"2024-03-28T23:10:02","date_gmt":"2024-03-28T23:10:02","guid":{"rendered":"https:\/\/ksanewsroom.com\/mbs-grants-saudi-sovereign-wealth-fund-163b-aramco-stake\/"},"modified":"2024-03-28T23:10:02","modified_gmt":"2024-03-28T23:10:02","slug":"mbs-grants-saudi-sovereign-wealth-fund-163b-aramco-stake","status":"publish","type":"post","link":"https:\/\/ksanewsroom.com\/en\/mbs-grants-saudi-sovereign-wealth-fund-163b-aramco-stake\/","title":{"rendered":"MBS grants Saudi sovereign wealth fund $163B Aramco stake"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"\">\n\t\t<amp-img width=\"1024\" height=\"683\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/03\/GettyImages-1441576097-e1709887322329.jpg?w=840\" class=\"attachment-large size-large wp-post-image amp-wp-enforced-sizes i-amphtml-layout-intrinsic i-amphtml-layout-size-defined\" alt=\"\" data-hero-candidate=\"\" layout=\"intrinsic\" data-hero=\"\" i-amphtml-ssr=\"\" i-amphtml-layout=\"intrinsic\"><i-amphtml-sizer slot=\"i-amphtml-svc\" class=\"i-amphtml-sizer\"><img decoding=\"async\" alt=\"\" aria-hidden=\"true\" class=\"i-amphtml-intrinsic-sizer\" role=\"presentation\" src=\"data:image\/svg+xml;base64,PHN2ZyBoZWlnaHQ9IjY4MyIgd2lkdGg9IjEwMjQiIHhtbG5zPSJodHRwOi8vd3d3LnczLm9yZy8yMDAwL3N2ZyIgdmVyc2lvbj0iMS4xIi8+\"\/><\/i-amphtml-sizer><img class=\"i-amphtml-fill-content i-amphtml-replaced-content\" decoding=\"async\" loading=\"lazy\" alt=\"\" src=\"https:\/\/fortune.com\/img-assets\/wp-content\/uploads\/2024\/03\/GettyImages-1441576097-e1709887322329.jpg?w=840\"\/><\/amp-img>\t\t\t\t\t<\/p>\n<p class=\"wp-caption-text\">\n\t\t\t\tCrown Prince Mohammed bin Salman of Saudi Arabia at the G20 Summit on Nov. 15, 2022, in Nusa Dua, Indonesia.\t\t\t\t\t\t\t\t\t<span class=\"wp-credit-text\">Leon Neal\u2014Getty Images<\/span>\n\t\t\t\t\t\t\t<\/p>\n<\/p><\/div>\n<div amp-access=\"NOT p.showRegWall AND NOT p.showPayWall\" amp-access-hide=\"\">\n<p>Saudi Arabia\u2019s Public Investment Fund (PIF) is at the <a href=\"https:\/\/fortune.com\/tag\/public-investment-fund\/\" data-type=\"link\" data-id=\"https:\/\/fortune.com\/tag\/public-investment-fund\/\">forefront<\/a> of the kingdom\u2019s bid to diversify from its oil reliant economy, with <a href=\"https:\/\/fortune.com\/europe\/2023\/12\/11\/saudi-arabia-western-assets-majority-owner-uk-heathrow-busiest-airport-12-billion\/\">high-profile bets<\/a> on <a href=\"https:\/\/fortune.com\/2023\/04\/04\/saudi-arabia-pif-reveals-investments-vc-firms-andreessen-horowitz-tech-sector-embraces-country-money\/\">tech<\/a>, sports, and <a href=\"https:\/\/fortune.com\/2023\/08\/22\/saudi-arabia-riyadh-air-tourism\/\">airlines<\/a>. And now it\u2019s getting a present from Crown Prince Mohammed bin Salman: a $163 billion stake in Saudi Aramco, one of the world\u2019s most profitable public companies. <\/p>\n<p>The crown prince announced the completion of the transfer of an 8%&#8230;<\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/fortune.com\/asia\/2024\/03\/08\/saudi-arabia-pif-sovereign-wealth-fund-uber-sized-stake-oil-giant-aramco-bets-airlines-video-games-sports\/amp\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Crown Prince Mohammed bin Salman of Saudi Arabia at the G20 Summit on Nov. 15, 2022, in Nusa Dua, Indonesia. Leon Neal\u2014Getty Images Saudi Arabia\u2019s Public Investment Fund (PIF) is at the forefront of the kingdom\u2019s bid to diversify from its oil reliant economy, with high-profile bets on tech, sports, and airlines. And now it\u2019s [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[123,10],"tags":[],"class_list":{"0":"post-5526","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-sports","7":"category-sports-ar"},"_links":{"self":[{"href":"https:\/\/ksanewsroom.com\/en\/wp-json\/wp\/v2\/posts\/5526","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ksanewsroom.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ksanewsroom.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ksanewsroom.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ksanewsroom.com\/en\/wp-json\/wp\/v2\/comments?post=5526"}],"version-history":[{"count":0,"href":"https:\/\/ksanewsroom.com\/en\/wp-json\/wp\/v2\/posts\/5526\/revisions"}],"wp:attachment":[{"href":"https:\/\/ksanewsroom.com\/en\/wp-json\/wp\/v2\/media?parent=5526"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ksanewsroom.com\/en\/wp-json\/wp\/v2\/categories?post=5526"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ksanewsroom.com\/en\/wp-json\/wp\/v2\/tags?post=5526"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}