Saudi Minister of Energy, Industry and Mineral Resources Khaled Al-Falih revealed that work is under way to offer the shares of the oil giant Aramco and its subsidiaries and all refineries for subscription within two years, which is described as the largest in the world at all.
Al-Falih added: Saudi Arabia has the best environment that attracts foreign investment ... Equal treatment for all investors behind making the Saudi investment environment the best, according to international agencies and press reports.
And that was not the first time that the Kingdom made clear that date, as Prince Muhammad bin Salman, the Saudi Crown Prince in October last, revealed his country's intention to offer the shares of Aramco, the oil giant in the Kingdom in late 2020 or the beginning of 2021, indicating that the value of Aramco is not less than $ 2 trillion , According to Bloomberg.
Saudi Arabia is currently seeking to put about 5% of Aramco's shares for sale, which is one of the pillars of Vision 2030, an ambitious reform plan adopted by Crown Prince Mohammed bin Salman and aims to diversify the resources of the Saudi economy and reduce its dependence on oil.
