Saudi Arabia: Regime readies sale of at least $10 billion Aramco shares

Source: Financial Times [UK]

“Saudi Arabia is due to decide later on Thursday whether to proceed with a sale of at least $10bn of its shares in national oil company Saudi Aramco, as the kingdom seeks further capital for its sovereign wealth fund. Advisers to Saudi Aramco have been in Saudi Arabia making the last preparations for a secondary share offering for several days and the final decision is expected to be made by Crown Prince Mohammed bin Salman, according to people familiar the matter.” (05/30/24)