DUBAI—Saudi Arabia transferred shares price about $80 billion in oil big Aramco to its wealth fund as a part of efforts to diversify the dominion’s hydrocarbon-dependent economic system.

The switch of a 4% stake in state-owned Saudi Arabian Oil Co., often known as Aramco, will help the Public Funding Fund’s plan to develop its property underneath administration to over $1 trillion by 2025, from about $480 billion at present, the Saudi authorities stated Sunday.

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