Saudi Aramco to shed energy assets under MBS' direction as PIF refocuses investments

This divestment is driven by sustained demands from the Public Investment Fund (PIF) and the Ministry of Finance (MoF), which are reallocating capital to cover overruns of several mega-projects.

This note explores the Saudi divestments, including:

• The rationale behind Aramco’s power plant sales
• PIF’s financial strategy and capital redeployment
• Projects benefitting from capital redeployment
• Rising risks of further infrastructure divestments