Saudi Arabia is considering the possibility of relaunching a sale of shares in Aramco as early as February, in a multibillion-dollar operation - Bloomberg reports - which could be among the largest in recent years.
The kingdom is working with a group of advisors and is looking to potentially raise at least 40 billion riyals ($10 billion) from the sale of shares on the Saudi stock exchange. 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, which was the world's largest stock sale.
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 Aramco and another 8% is held by the Public Investment Fund.
The fund, chaired by Mohammed bin Salman, was the sovereign wealth fund that spent the most globally last year.
Moreover, it is the key vehicle for the crown prince's ambitions to reshape the Saudi economy.
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