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d-18227House OversightFinancial Record

Public Investment Fund restructuring could channel Aramco IPO proceeds under Crown Prince Mohammed bin Salman's oversight

Date
November 11, 2025
Source
House Oversight
Reference
House Oversight #016117
Pages
1
Persons
1

Summary

The passage outlines a major financial restructuring that would move Saudi Aramco ownership to the Public Investment Fund (PIF) and dramatically increase the fund’s overseas asset base. While the fact Deputy Crown Prince Mohammed bin Salman says Aramco ownership will be transferred to the PIF. PIF aims to raise its foreign asset share from 5% to 50% by 2020 using Aramco IPO proceeds. Projected on‑

This document is from the House Oversight Committee Releases.

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saudi-arabia-financemohammed-bin-salmanpublic-investment-fundfinancial-flowforeign-investment-strategysovereign-wealth-fundhouse-oversightaramco-ipostate-asset-restructuring
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