Saudi Aramco's state ownership stays dominant at 82.186% following share transfer to PIF

Saudi Gazette report

RIYADH — The State has retained its position as the principal shareholder in Saudi Aramco, holding a significant 82.186% stake in the company. This follows the strategic transfer of 8% of Saudi Aramco shares to fully owned companies of the Public Investment Fund (PIF), as detailed in an announcement by the state carried by the Saudi Press Agency on Thursday.

Saudi Aramco clarified that the transaction was a private transfer and that the company was not a party to it, neither entering into agreements nor exchanging any proceeds from the transfer. "This move does not affect the total number of Saudi Aramco’s issued shares, and the transferred shares will rank equally with the company's existing ordinary shares."

Furthermore, Saudi Aramco reassured stakeholders that this share transfer will not impact the company’s operations, strategic focus, dividend distribution policy, or governance structure. The company has committed to keeping its shareholders and the public informed of any significant developments as per the applicable rules and regulations.