Saudi Aramco mulling share sales abroad: Al-Rumayyan

01/03/2020 Argaam

 

Saudi Arabia is planning to sell more stakes in state-owned oil producer Saudi Aramco, as it looks to fuel an economic diversification plan, chairman Yasir Al-Rumayyan told Bloomberg.

 

“We have a lot of assets that could be monetized because they are non-core assets, which can improve the performance of the company,” he said, without disclosing further details.

 

Finance Minister Mohammed Al-Jadaan has previously announced that the giant oil producer is currently studying the listing of its shares internationally.

 

Read: Saudi Aramco still mulling international listing, says Al-Jadaan

 

Saudi Aramco started trading on the Saudi Stock Exchange (Tadawul) on Dec. 11 with the symbol 2222, and a daily price fluctuation limit of 10%, Argaam earlier reported.

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