Saudi Arabia plans a $10B multi-billion-dollar Aramco share sale in June, as part of Vision 2030.
Saudi Arabia plans a multi-billion-dollar share sale in Aramco, its state-owned energy company, as early as June, aiming to raise around $10B. The shares will be listed in Riyadh, managed by banks including Citigroup, Goldman Sachs, and HSBC. This move is part of Vision 2030, focusing on private sector expansion and non-oil growth, as the Saudi government currently holds a 90% stake in Aramco.
May 24, 2024
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