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Saudi Aramco confirms studying options to enter in capital markets

State oil giant Saudi Aramco confirmed on Friday that it has been studying various options to list in capital markets. The firm said in a statement that the options included the listing « of an appropriate percentage of the company’s shares and/or the listing of a bundle of its downstream subsidiaries ». Deputy Crown Prince Mohammed bin Salman told The Economist magazine in a transcript of an interview released on Thursday that the Saudi government was considering whether to sell shares in Aramco as part of a privatisation drive to raise money in an era of cheap oil.



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