Silk Road Fund Participated in the Acquisition of 49% Equity of Aramco Gas Pipelines Company
Date: 24 February 2022

On February 23, 2022, a global investor consortium led by BlackRock Real Assets and Hassana Investment Company and composed of leading institutional investors including, amongst others, Silk Road Fund, announced a successful completion of the consortium’s acquisition of a 49% stake in Aramco Gas Pipelines Company from Saudi Arabian Oil Co. (“Aramco”) for $15.5 billion. The deal denotes a total equity value of approximately $31.6 billion for Aramco Gas Pipelines Company, a newly formed entity with rights to the next 20 years’tariff payments for gas transported through Aramco’s stabilized gas pipeline network. After the transaction, Aramco holds the remaining 51% stake in Aramco Gas Pipelines Company.

The transaction is one of the largest global energy infrastructure deals. Silk Road Fund believes that its participation in the consortium and investment in this milestone transaction will help promote further synergy between the Belt and Road Initiative and Saudi Arabia’s Vision 2030.

About Aramco

Aramco is a global integrated energy and chemicals company driven by its core belief that energy is opportunity. From producing approximately one in every eight barrels of the world’s oil supply to developing new energy technologies, Aramco’s global team is dedicated to creating impact in all that it does. The Company focuses on making its resources more dependable, more sustainable and more useful. This helps promote stability and long-term growth around the world.

About BlackRock Real Assets

With over 400 professionals in 30 offices managing over US$78 billion in client commitments as of December 31, 2021, BlackRock Real Assets partners with clients to provide solutions tailored to individual portfolio needs such as income, growth, liquid or balanced real assets outcomes.

About Hassana Investment Company

Hassana Investment Company is the investment management arm of the General Organization for Social Insurance (GOSI), which is the pension and social insurance agency for all private and public sector employees in Saudi Arabia.  Hassana Investment Company manages one of the largest portfolios in the world with assets under management in excess of USD 250 billion that are invested across asset classes in the Kingdom of Saudi Arabia and globally.

About Silk Road Fund

Silk Road Fund is a medium-to-long term investment fund mandated to help implement the Belt and Road Initiative. Following a philosophy of openness, inclusiveness and mutual benefit, Silk Road Fund operates its business based on market principles, international practice and professional standard. The fund has a total capital of USD 40 billion and RMB 100 billion. As of December 31, 2021, Silk Road Fund has spread its investment footprints to nearly 60 countries around the world.

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