Open Demo Account
Home / Economic Report / Saudi Crown Prince: The Kingdom in Talks to Sell 1% of Aramco

Saudi Crown Prince: The Kingdom in Talks to Sell 1% of Aramco

Adel 28 April, 2021 1:39 pm Economic Report, Market Update

The Saudi Crown Prince Mohammed bin Salman, in televised remarks on Tuesday, that the kingdom is in discussions to sell one percent of Saudi Aramco to a global energy company.

Prince Mohammed added that Aramco, the world’s largest oil company that was listed on the Saudi Stock Exchange in 2019, may sell more shares to international investors within the next year or two.

He said, without elaborating, that talks are underway to acquire 1% by a leading global energy company in an agreement he described as important and will boost Aramco’s sales in a major country.

Tags

Check Also

U.S. Stock Futures Plunge as China Tariffs Trigger Fears of Global Recession

U.S. stock index futures fell sharply on Friday, deepening losses after China announced sweeping tariffs …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends