Aramco’s oil storage tanks

Saudi Arabia is considering plans to sell an additional stake in Saudi Arabian Oil Co. (Saudi Aramco) in February, Bloomberg reported, citing informed sources.

The Kingdom is working with a group of advisers and seeks to raise at least SAR 40 billion from the sale of shares on the Saudi Exchange (Tadawul), the sources added.

No final decision is made on the timing of the share sale and the deal could be delayed, the news agency noted.