The offering could raise around $10-billion, a person familiar with the move said, as the Saudi government continues to put an expanded private sector and non-oil growth at the centre of its development
Saudi Arabia is planning a multibillion-dollar share sale in energy giant Aramco as soon as June in what would be one of the region’s biggest stock deals, two people familiar with the matter said.
The shares will be listed in Riyadh and it will be a fully marketed offering rather than an accelerated sale over a few days, they added. Saudi Arabia has embarked on an economic transition known as Vision 2030, which puts an expanded private sector and non-oil growth at the centre of its future development.
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