Yasser Al-Romayan, Chairman of the Saudi Aramco Company, stressed that Riyadh is open to selling more Aramco shares, in order to provide the necessary funding to implement the economic diversification plans in Saudi Arabia. p>
According to ArabiaNet, Al-Ramyan stated in an interview reported by Bloomberg Agency with David Rubinstein - the founding partner of the American Carlyle Group for Investment - that Saudi Arabia had already raised about $ 30 billion, by offering shares from Aramco for public subscription in Riyadh, last year, and is currently planning to sell More shares, with subscription likely outside the kingdom this time.
"If we find any stock exchange we think will provide us with good investors, we will definitely think about it," Al Rumayan said, referring to the possibility of Aramco shares being offered on any foreign exchange.
Aramco has already started discussions with Wall Street banks to develop scenarios for listing the company’s shares abroad.
It is noteworthy that the proceeds of stock sales are transferred to the Public Investment Fund, which aims to finance international deals and local diversification projects in Saudi Arabia.
