Talks underway to sell 1% of Saudi Aramco to foreign firm: Prince
Saudi Arabia is in discussions to sell one per cent of oil giant Aramco to a foreign energy firm, the kingdom’s crown prince said in a television interview broadcast Tuesday.
“There is a discussion on the acquisition of 1 per cent (of Aramco) by one of the world’s leading energy companies, and this will be a very important deal to boost Aramco’s sales in that country,” Crown Prince Mohammed bin Salman said.
The prince neither named the company nor the country.
Aramco previously sold a sliver of its shares on the Saudi bourse in December 2019, generating $29.4 billion in the world’s biggest initial public offering.
