Saudi Arabia contemplates selling USD 50bn worth of shares in Aramco

The offering of more shares has been on the table before, but it seems that the kingdom will now go ahead with its plans. 
Photo: Ahmed Jadallah
Photo: Ahmed Jadallah

Saudi Arabia plans to sell a USD 50bn stake in the world’s most valuable oil company, Aramco, in which it is a major shareholder. This would be the largest amount ever offered on the stock market, according to the Wall Street Journal.

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