CIC and Chinese oil companies are holding talks to buy a stake in Saudi Aramco, while the company is preparing to sell another part to international investors, according to Reuters agency
According to Arab Net, Saudi Crown Prince Mohammed bin Salman, has recently revealed that Saudi Arabia is considering selling 1% of Aramco to a leading global energy company and has to sell more stocks, some to two international investors within a year or two. p>
A share of 1% is expected to reach 90 billion dollars, from the current market value of Aramco.
In an interview with Arab, the head of research in Al Rajhi Capital, Mazen al-Sudairi, stressed that Aramco was basically aimed at raising the transparency and governance of the company, thus raising its revenues and consolidating its leaders among the world's giant companies.
The Sudairi explained that the Saudi Crown Prince Mohammed bin Salman, in the recent television interview, which has summarized the 5-year achievements since the launch of 2030 vision, reflects the steadfastness of the strategic position of Aramco and confirms the continuation of the global outlook for this important proposal in diversifying the sources of income of the Kingdom .
Al-Sudairi said Aramco had achieved one annual season, which covers its distributions 4 times. About discussions to put additional quotas.
