Saudi Arabia is exploring the possibility of relaunching a follow-on offering for Aramco as early as February, in a deal worth billions of dollars that could be one of the largest share sales in recent years, sources familiar with the matter revealed.
The Kingdom is collaborating with a team of advisors and is aiming to raise a minimum of 40 billion riyals ($10 billion) from the share sale on the Saudi stock exchange, according to the sources, who requested anonymity as the information is not public.