EIG Global Energy Partners, Samsung Asset Management Co., Ltd., Hassana Investment Company, Silk Road Fund, managed by The Silk Road Fund Co Ltd., Mubadala Investment Company PJSC, Abu Dhabi Sovereign Investor and ACWA Holding Company signed an agreement to acquire 49% stake in Aramco Oil Pipelines Company from Saudi Arabian Oil Company (SASE:2222) for SAR 46.5 billion on April 9, 2021. The consideration shall be paid in cash. EIG led the investment. Immediately prior to completion of the transaction, Saudi Aramco will lease for a 25-year period the usage rights in its stabilized crude oil pipelines network to Aramco Oil Pipelines Company. Standard Chartered Bank has provided debt and worked as financial investor to Vision International Investment. Saudi Arabian Oil Company will continue to retain full ownership and operational control of its pipeline network. The transaction is subject to customary closing conditions, including any required merger control and related regulatory approvals. The proceeds from the sale will be used for general corporate purposes. HSBC Bank plc acted as financial advisor and Latham & Watkins LLP acted as legal advisor for EIG. Ashish Adya, Kamal Khullar, Nikhil Joshi, Mike Ryu, Dolly Meena, Jaymi Chung, Yousra Kandri Rodi and Beryl Xu of Standard Chartered Bank acted as financial advisor to ACWA Holding Company (also known as Vision International Investment Company). EIG Global Energy Partners, Samsung Asset Management Co., Ltd., Hassana Investment Company, Silk Road Fund, managed by The Silk Road Fund Co Ltd., Mubadala Investment Company PJSC, Abu Dhabi Sovereign Investor and ACWA Holding Company completed the acquisition of 49% stake in Aramco Oil Pipelines Company from Saudi Arabian Oil Company (SASE:2222) on June 17, 2021.