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Bloomberg has estimated the value of the stake Riyadh intends to sell in the next two years to “Aramco” after Prince Mohammed bin Salman revealed talks to sell a 1% stake to a potential buyer.
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The agency said the stake could be worth around $ 19 billion, based on the market value of state-owned “Aramco”.
Yesterday, Tuesday, the Saudi Crown Prince said the Kingdom was in talks to sell a 1% stake in oil giant “Aramco” to a “leading global energy company”, and expected the Saudi economy picks up in stride. of the coronavirus pandemic.
He added that Riyadh was studying the sale currency as a way to secure demand for Saudi oil, and Prince Muhammad bin Salman provided some details about the company participating in the sale negotiations, and said the sale could take place in the next two. years.
China is the biggest buyer of Saudi oil, according to Bloomberg data. Last month, around 30% of the Kingdom’s crude oil exports went to the Asian country, followed by second-largest China, Japan.
Source: Bloomberg
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