Saudi Arabia's crown prince transfers more than 8% of Aramco shares

Saudi oil giant Aramco posts 25% fall in full-year profit. Saudi government transferred an additional 8% of Aramco shares worth $164 billion to Saudi Arabia's Public Investment Fund. Earnings come after the government transferred 8% worth of shares to the fund.

Saudi Arabia's crown prince transfers another 8% of Aramco shares to sovereign wealth fund. Saudi Arabia’s crown prince has transferred another eight% of shares in the oil giant Saudi Aramco to the fund. The fund is the country's prominent sovereign wealth funds.