By Saeed Azhar, Hadeel Al Sayegh, Aziz El Yaakoubi and Maher Chmaytelli
DUBAI Saudi Aramco is looking to sell up to 0.5% of the state oil giant to retail investors in its planned initial public offering (IPO), three sources familiar with the matter told Reuters.
Saudi Aramco's blockbuster listing remained shrouded in mystery on Monday, a day after the company finally announced its plans, with scant details disclosed and expert valuations varying wildly from around $1.2 to $2.3 trillion. | Video
By Rania El Gamal, Marwa Rashad, Saeed Azhar and Davide Barbuscia | Video
- von Saeed Azhar und Davide Barbuscia und Rania El Gamal und Marwa Rashad
DUBAI Saudi Aramco officials and advisers are holding last-minute meetings with investors in an attempt to achieve as close to a $2 trillion (£1.55 trillion) valuation ahead of an expected Sunday announcement that the initial public offering (IPO) will go ahead, according to three sources.
DUBAI, Nov 1 Saudi Aramco officials and advisers
are holding last-minute meetings with investors in an attempt to
achieve as close to a $2 trillion valuation as possible ahead of
an expected listing launch on Sunday, according to three
RIYADH, Oct 30 Bahrain-based Investcorp
plans to invest at least half of its $1 billion GCC
Infrastructure fund in Saudi Arabia as it seeks to take
advantage of investment opportunities in the kingdom, its
co-chief executive said on Wednesday.