Saudi Aramco confirms it's studying a potential share sale - Bloomberg

FXStreet (Mumbai) - Putting an end to the latest chatter around Saudi Aramco considering an IPO, the world’s biggest crude oil producer finally confirmed the news via Bloomberg today, noting that the company is studying a potential share sale.

Key Quotes:

“Saudi Aramco confirms that it has been studying various options to allow broad public participation in its equity through the listing in the capital markets of an appropriate percentage of the Company’s shares and/ or the listing of a bundle its downstream subsidiaries.”