In a recent television interview, the Crown Prince Mohammed Bin Salman of Saudi Arabia stated that the country is in talks to sell 1 % stake in the state-owned oil major Saudi Aramco to a leading energy company.
If the deal gets finalized, it will help to enhance Aramco’s sales in the country where the acquiring company resides.
(Source: Saudi Aramco)
Dhahran/Saudi Arabia – Saudi Aramco is one of the biggest oil producers in the world and the Crown Prince of Saudi Arabia Mohammed Bin Salman has gone on record and mentioned that the country is currently in discussions to sell 1 % stake in the mega oil firm to a leading energy company. Without revealing any details, he said, “I don’t want to give any promises but there’s a discussion to acquire a 1 % stake by a pioneering energy company.” He further commented that if the deal gets finalized, it will help to enhance Aramco’s sales in the country where the acquiring company resides.
In December 2019, the company went public on the stock exchange in what was called ‘the world's largest-ever IPO (initial public offering)’ and raised a record 25.6 billion dollars by selling 3 billion shares at 8.53 dollars. Later on, the oil giant raised the IPO to a record 29.4 billion dollars through the Greenshoe option (this option allows companies to issue more shares in an IPO when there is greater demand from participants during the initial offering.)
Unfold for details of your consent
Stand vom 23.03.2021
Naturally, we always handle your personal data responsibly. Any personal data we receive from you is processed in accordance with applicable data protection legislation. For detailed information please see our privacy policy.
Consent to the use of data for promotional purposes
I hereby consent to Vogel Communications Group GmbH & Co. KG, Max-Planckstr. 7-9, 97082 Würzburg including any affiliated companies according to §§ 15 et seq. AktG (hereafter: Vogel Communications Group) using my e-mail address to send editorial newsletters. A list of all affiliated companies can be found here
Newsletter content may include all products and services of any companies mentioned above, including for example specialist journals and books, events and fairs as well as event-related products and services, print and digital media offers and services such as additional (editorial) newsletters, raffles, lead campaigns, market research both online and offline, specialist webportals and e-learning offers. In case my personal telephone number has also been collected, it may be used for offers of aforementioned products, for services of the companies mentioned above, and market research purposes.
In case I access protected data on Internet portals of Vogel Communications Group including any affiliated companies according to §§ 15 et seq. AktG, I need to provide further data in order to register for the access to such content. In return for this free access to editorial content, my data may be used in accordance with this consent for the purposes stated here.
Right of revocation
I understand that I can revoke my consent at will. My revocation does not change the lawfulness of data processing that was conducted based on my consent leading up to my revocation. One option to declare my revocation is to use the contact form found at https://support.vogel.de. In case I no longer wish to receive certain newsletters, I have subscribed to, I can also click on the unsubscribe link included at the end of a newsletter. Further information regarding my right of revocation and the implementation of it as well as the consequences of my revocation can be found in the data protection declaration, section editorial newsletter.