Home » Riyadh negotiates to sell 1% of Saudi Aramco: $ 19 billion stake

Riyadh negotiates to sell 1% of Saudi Aramco: $ 19 billion stake

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ServiceAnnouncement of the prince

This was revealed by Prince Mohammed Bin Salman: ongoing discussions with a “leading global energy company”. Three years after the historic IPO, the Saudis would also like to place an additional stake in the company on the stock market

by Sissi Bellomo

Saudi Aramco is once again knocking on the door of international investors, with negotiations to sell 1% of the capital to “a leading global energy company”: a stake worth 19 billion dollars at current stock market prices. This was revealed by the Saudi crown prince, the powerful Mohammed Bin Salman, who is entrusted with the reins of the kingdom’s economic policy

The project has not yet materialized, but “there are discussions in progress” for “a very important operation …

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