Saudi oil giant Aramco plans to sell up to $50 billion in what would be the world's largest ever share sale, people familiar with the matter say
Saudi Arabia has restarted plans to list more shares of Aramco, the world’s most valuable oil company, according to people familiar with the company’s strategy, with an ambition to sell as much as a $50 billion stake, which at current valuations would be 2.5% of the company.
Executives at state-owned Saudi Arabian Oil Co., as Aramco is known, have held discussions internally and with outside advisers about selling additional shares on the Riyadh stock exchange and a secondary listing, possibly in London, Singapore or other venues, the people said.
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