Saudi Aramco’s plan to sell 1% stake could boost oil giant’s sales, says crown prince

Saudi Aramco’s plan to sell 1% stake could boost oil giant’s sales, says crown prince

Saudi Arabia is considering to divest one percent of its stake in oil giant Aramco to a major company outside the kingdom, crown prince Mohammed bin Salman said in a television interview.

The deal, which could be worth about $19 billion, according to Bloomberg, is expected to boost the company’s sales.