HONG KONG: Major Chinese investors are in talks to buy a stake in Saudi Aramco, several sources told Reuters on Wednesday, as Saudi Arabia s state oil firm prepares to sell another slice of its business to international investors. Saudi Arabia was in discussions to sell 1 per cent of Aramco to a leading global energy company and could sell further shares including to international investors within the next year or two, Crown Prince Mohammed bin Salman said in televised remarks on Tuesday. A stake of 1 per cent would equate to around $19 billion based on Aramco s current market capitalisation. Sovereign wealth fund China Investment Corporation (CIC) was among those that could invest, two sources told Reuters.
BusinessWorld
April 29, 2021 | 3:15 pm
Image via Aramco
HONG KONG â Major Chinese investors are in talks to buy a stake in Saudi Aramco, several sources told Reuters on Wednesday, as Saudi Arabiaâs state oil firm prepares to sell another slice of its business to international investors.
Saudi Arabia was in discussions to sell 1% of Aramco to a leading global energy company and could sell further shares including to international investors within the next year or two, Crown Prince Mohammed bin Salman said in televised remarks on Tuesday.
A stake of 1% would equate to around $19 billion based on Aramcoâs current market capitalization.
By Syndicated Content
By Kane Wu, Tom Arnold and Alex Lawler
HONG KONG (Reuters) â Major Chinese investors are in talks to buy a stake in Saudi Aramco, several sources told Reuters on Wednesday, as Saudi Arabiaâs state oil firm prepares to sell another slice of its business to international investors.
Saudi Arabia was in discussions to sell 1% of Aramco to a leading global energy company and could sell further shares including to international investors within the next year or two, Crown Prince Mohammed bin Salman said in televised remarks on Tuesday.
A stake of 1% would equate to around $19 billion based on Aramcoâs current market capitalisation.
Major Chinese investors in talks to take Aramco stake
Attendees arrive for the Saudi Aramco news conference announcing its IPO at the company s headquarters in Dhahran, Saudi Arabia, on Sunday, Nov. 3, 2019. [Mohammed Al-Nemer/Bloomberg via Getty Images] April 28, 2021 at 8:36 pm
Major Chinese investors are in talks to buy a stake in Saudi Aramco, several sources told Reuters on Wednesday, as Saudi Arabia s state oil firm prepares to sell another slice of its business to international investors,
Reuters reports.
Saudi Arabia was in discussions to sell 1% of Aramco to a leading global energy company and could sell further shares including to international investors within the next year or two, Crown Prince Mohammed bin Salman said in televised remarks on Tuesday.
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General view of Saudi Aramco s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah
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Major Chinese investors are in talks to buy a stake in Saudi Aramco (2222.SE), several sources told Reuters on Wednesday, as Saudi Arabia s state oil firm prepares to sell another slice of its business to international investors.
Saudi Arabia was in discussions to sell 1% of Aramco to a leading global energy company and could sell further shares including to international investors within the next year or two, Crown Prince Mohammed bin Salman said in televised remarks on Tuesday. read more