Saudi Arabia mulls sale of stake in oil giant Aramco

Saudi Arabia, the world’s biggest crude exporter, is considering selling a stake in its state-owned company, which controls more than a 10th of the global oil market.

A potential initial public offering is under review for Saudi Arabian Oil Co, also known as Aramco, Mohammed bin Salman, the kingdom’s deputy crown prince, said in an interview with The Economist.

A decision will probably be taken in the next few months, he said, without giving further details.