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2024-01-31 14:37:30
Al-Marsad newspaper: Bloomberg revealed that the Kingdom is considering plans to revive a subsequent offering in Aramco next February, in a multi-billion-dollar deal that is likely to rank among the largest stock sales in recent years.
The sources said that the Kingdom is working with a group of advisors, and seeks to raise at least 40 billion riyals ($10 billion) from the sale of shares in the Saudi stock market.
The sources explained that a successful deal would bring the necessary funds to finance Crown Prince Mohammed bin Salman’s ambitious plan to diversify the economy.
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