Saudi Arabia considers sale of Aramco shares worth 10 billion. A successful operation would bring funds for Crown Prince Mohammed bin Salman to diversify the economy.
The plans for the new sale come four years after Saudi Arabia raised about $30 billion in Aramco's initial public offering. Aramco is the world's largest oil exporter, with a market value of just over $2 trillion. The Saudi government directly owns approximately 90% of Aram co and another 8% is held by the Public Investment Fund.