Saudi Aramco Confirms Studying Options to List in Capital Markets

Reuters

DUBAI, Jan 8 (Reuters) – State oil giant Saudi Aramco confirmed on Friday that it has been studying various options to list in capital markets.

The firm said in a statement that the options included the listing "of an appropriate percentage of the company's shares and/or the listing of a bundle (of) its downstream subsidiaries".

Deputy Crown Prince Mohammed bin Salman told The Economist magazine in a transcript of an interview released on Thursday that the Saudi government was considering whether to sell shares in Aramco as part of a privatisation drive to raise money in an era of cheap oil.

(Writing by Yara Bayoumy; Editing by Dale Hudson)

Copyright 2016 Thomson Reuters. Click for Restrictions.

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