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Evening Standard
Evening Standard
Business
Bloomberg

Saudi Aramco, the world’s biggest oil company, eyes London for $50 billion IPO

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(Picture: Saudi Aramco)

Saudi Arabia has restarted plans to list more shares of Aramco, according to people familiar with the company's strategy, with an ambition to sell as much as a $50 billion stake, which at current valuations would be 2.5% of the company.

Executives at the world's most valuable oil company have held discussions internally and with outside advisers about selling additional shares on the Riyadh stock exchange and a secondary listing, possibly in London, Singapore or other venues, the people said.

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